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Cook to open first Apple stores in India

BLOOMBERG Apple Inc Chief Executive Officer Tim Cook has scheduled a trip to open the iPhonemaker’s first stores in India next week, underscoring the company’s ambitions for the country as a growth market and manufacturing base. Cook is likely to preside over the opening of the twin outlets in India’s financial and political capital, people familiar with the matter said, ...

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US equities trade higher as  jobs, inflation data soften

BLOOMBERG US equities traded higher, as the latest readings on jobs and factory-gate inflation were slightly softer than expected, a boost for those hoping the Federal Reserve may be approaching the end point of an era of aggressive interest rate hikes. The S&P 500 rose 0.3% while the more rate-sensitive Nasdaq 100 gained 0.9% after US jobless claims for the ...

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Mizuho warned over setting low IPO prices in blow to issuers

BLOOMBERG Japan’s trade watchdog cautioned Mizuho Financial Group Inc’s brokerage unit, saying the company priced newly listed stocks in a way that could undermine competition and cause the issuing companies “unfair disadvantages.” Mizuho Securities Co set prices on some initial public offerings (IPOs) in 2020 and 2021 at levels below where the issuers said they should be, the Japan Fair ...

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