DNA Sequencing firm Oxford Nanopore Technologies Ltd. launched its initial public offering (IPO) on the London Stock Exchange, with shares being sold at 425 pence each. The company managed to sell 350 million pounds worth of new stock, while its backers were able to generate 174 million pounds from...
Japanese stocks continued to rise on Monday after the Topix reached a 30-year high. The major winners on the day were electronics stocks, which gained 1.3%; itself the highest level achieved since August 1990.
Much of the gains came after it was announced that current Japanese Prime Minister Yoshihide Suga will...
U.S. futures rose on Wednesday as signs of future economic growth resulted in renewed investor confidence. Treasury yields and European equities gained as well.
After a month in which the S&P 500 realized a dozen record closes, both this index's and those of the Nasdaq 100 remained in the green....
ByteDance Ltd. has entered into discussions regarding the acquisition of Chinese virtual reality headsets maker Pico, a source familiar with the matter confirmed. This move forms part of ByteDance's drive for further growth.
With talks still ongoing, no final decision has been made as to whether or not ByteDance will...
Dairy cooperative Arla Foods announced on Thursday that it will be raising its sales outlook for the year due to increased demand for dairy products, particularly lines such as Starbucks ready-to-drink coffee beverages. The cooperative did warn, however, that doing so could result in slimmer margins due to the...
South African retail company Massmart is currently in talks to purchase a controlling stake in fellow South African grocery delivery service OneCart Pty Ltd. According to the Walmart-owned company, the acquisition of OneCart is aimed at advancing efforts to expand its eCommerce business.
While South African retailers have long lagged...
National Australia Bank announced on Monday that it has decided to acquire Citigroup's Australian consumer business in a deal worth A$1.2 billion ($882.24 million). This deal includes a premium of A$250 million and will not include the purchase of Citi's current tech systems or platforms.
This deal has been concluded...
With a Bank of England meeting scheduled later in the day, the British pound rose on Thursday morning, gaining 0.2% against both the US dollar and the euro. The BoE meeting is expected to involve the expansion of stimulus grants despite it being a period of economic recovery and...
Private equity firm Carlyle Group Inc. has taken the decision to invest in Abrigo, a firm that specializes in supplying financial analysis and risk management software. The Accel and KKR-backed firm is currently valued at over $1 billion as a result of the investment, the details of which remain...
KakaoBank is set to raise 2.55 trillion won ($2.2 billion) in funds as it makes its public debut. This comes after the internet-only retail lender decided to value itself at the top of a marketed range. The company has made 65.45 million new shares available for sale, priced at...