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Wall Street’s $6bn bonanza chilled by China IPO curbs

Bloomberg Just months after bankers celebrated a record haul from taking Chinese companies public in New York and Hong Kong, they’ve had a rude awakening. Deals are being shelved and investors are nursing heavy losses. A chill has settled over global finance after a fortnight in which China first cracked down on its Uber-like Didi Global Inc. within days of ...

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US futures mixed as investors turn focus to earnings season

Bloomberg US futures were mixed as investors turn their attention to the second-quarter earnings season starting this week in order to gauge whether corporate profitability can support equity valuations. Treasury yields dropped. The Stoxx Europe 600 fluctuated, with declines for banks and travel companies offsetting gains for real-estate and utilities. Atos SE plunged more than 15% after the French IT-services ...

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UAE grants golden visas to 100,000 global coders

DUBAI / WAM In executing the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to grant golden visas to 100,000 entrepreneurs, owners of enterprises, and start-ups specialised in coding, the National Program for Coders announced the start of the golden visa application process. This initiative is ...

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