Xiaomi Corp.’s IPO killer just arrived on the scene. China Tower Corp., a telecommunications construction firm that’s owned by the country’s three state operators, is following in the smartphone seller’s footsteps, applying to go public in Hong Kong. The Beijing-based group may raise as much as $10 billion, putting it in the same league as Xiaomi, which is seeking a ...

One year after the election that ushered in the youngest president in French history, Emmanuel Macron isn’t interested in assessments; his reforms, he says, will take a few years to bring results. But one thing is certain: Macron has quietly shelved the best ideas from his campaign and the early days of his administration. The first shelved idea was a ...

Bloomberg US stocks surged and the dollar strengthened against most major peers and as the Trump Administration sought to deescalate a trade rift with China. Treasury yields climbed as havens such as the yen and gold tumbled. All major equity gauges were higher led by strength in technology companies. The greenback rose after Treasury Secretary Steven Mnuchin said that the ...