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Xiaomi considers seeking $5 billion from sale of CDRs

Bloomberg Xiaomi Corp. is considering raising about half of its proposed $10 billion initial public offering from mainland Chinese investors, people familiar with the matter said. The company may seek about $5 billion from the sale of Chinese depositary receipts and a similar amount from selling shares in Hong Kong, the people said, asking to not be identified as the ...

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‘Anti-state’ groups incite nationwide protests: Vietnam

Bloomberg Vietnam said the groups behind June 10’s protests against proposed laws demonstrators view as curbing Internet freedom and favoring Chinese investors were trying to damage the country’s image, after the rare display of public activism reportedly turned violent. Thousands of demonstrators from Hanoi to Ho Chi Minh City rallied against draft cyber and economic-zone laws being considered by the ...

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Elliott urges Thyssenkrupp to negotiate better Tata Steel deal

Bloomberg Elliott Capital Management urged Thyssenkrupp AG to negotiate a better steel joint venture with Tata Steel Ltd., increasing pressure on the German company’s management to deliver more favorable terms. In a letter to Thyssenkrupp management, Elliott highlighted the divergence in performance in Tata and Thyssenkrupp’s steel businesses. The weakness in Tata’s recent performance means that a tie-up is now ...

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