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BusinessOct 28Edison Lithium plans private placement of up to $1.9MEdison Lithium plans to undertake a private placement to raise up to $1.9 million. This indicates a standard financing activity for the company.Seeking Alpha Tech
BusinessOct 28The pact that aims to return tourism's wealth to residentsA movement born in Malta wants to change tourism rules by involving hotels in local community life, returning visitors' wealth to residents and curbing gentrification.EuroNews [en]
BusinessOct 28Why Hong Kong developer CK Asset sold a mall at an ‘exceptionally cheap’ priceWith the “exceptionally cheap” sale of a vacant Hong Kong shopping mall, developer CK Asset Holdings is freeing up capital for other projects, while the buyer will have to be patient because the location will struggle to attract tenants in the short term, according to analysts. The developer completed the mall in its residential project Seaside Sonata on Hai Tan Street in Sham Shui Po five years ago but never leased it out. It recently changed hands along with a batch of parking spaces for...South China Morning Post
BusinessOct 28EU plans high-level China currency talks as fears of new trade shock mountAfter convincing China to accept a cap on its hybrid car exports, a stream of top-level European finance and banking officials will descend on the Chinese capital in the coming months on a far trickier mission: persuading Beijing to stop holding down its currency to help save the bloc’s struggling industry. In the week of November 23, top European Union economy officials led by director general Maarten Verwey will sit down in Beijing for a “macroeconomic dialogue” with their Chinese...South China Morning Post
BusinessOct 28Anthropic’s seven founders tighten grip ahead of blockbuster IPOFrom a rebellion at OpenAI to building the Claude-maker, the new billionaires are betting their future on staying unitedFinancial Times
BusinessOct 28TOP Ships announces 1-for-10 reverse stock split, $5M convertible-note offeringTOP Ships has announced a 1-for-10 reverse stock split and a $5 million convertible-note offering. This news impacts the company's financial structure and share value.Seeking Alpha Tech
BusinessOct 28Chipmaker SK Hynix shares jumps 8% on Q3 profit beat, $25B payout planChipmaker SK Hynix saw its shares jump 8% following a Q3 profit beat and a $25 billion payout plan announcement. This indicates strong financial performance and shareholder returns for the company.Seeking Alpha Tech
BusinessOct 28Asian stocks rise led by Nikkei and Kospi tech rally; RBNZ surprises with rate hold ahead of Fed decisionAsian stock markets, including Nikkei and Kospi, rose due to a tech rally, while the RBNZ surprisingly held interest rates ahead of the Fed's decision. This indicates significant movements in regional and global financial markets.Seeking Alpha Tech
BusinessOct 28Agric ministry puts post-harvest loss at $10bn yearlyBeyond post-harvest losses, the Minister said the government’s approach to food security had evolved from its traditional emphasis on the availability, accessibility and affordability of food to include consumption of nutritious and diverse diets The post Agric ministry puts post-harvest loss at $10bn yearly appeared first on Vanguard News.Vanguard Nigeria
BusinessOct 28Franklin Electric to buy Challenge Pumps in $181M deal, eyes EPS accretion in 2027Franklin Electric plans to acquire Challenge Pumps in a $181 million deal, anticipating earnings per share accretion by 2027. This acquisition marks a significant strategic move for Franklin Electric.Seeking Alpha Tech
BusinessOct 28Shares of Ambani’s Jio rise 21% in India’s biggest IPOTelecoms business raises $3.2bn at $108bn valuation in relief to stock market hit by war in IranFinancial Times
BusinessOct 28Las Vegas Sands unit prices $1B senior notes to refinance debtA unit of Las Vegas Sands is pricing $1 billion in senior notes, reportedly to refinance existing debt. This is a significant financial transaction for the company.Seeking Alpha Tech
BusinessOct 28Australia inflation rises to 4.3% in September, exceeding forecasts and RBA targetAustralia's inflation rate rose to 4.3% in September, surpassing both forecasts and the Reserve Bank of Australia's target. This indicates growing economic pressure in the region.Seeking Alpha Tech
BusinessOct 28'New chapter' as family sells long-standing Scottish city snooker clubsA family has sold Scottish city snooker clubs set up in conjunction with a green baize legendheraldscotland · united kingdom
BusinessOct 28Standard Chartered raises outlook as trading, wealth boost profit above estimatesStandard Chartered has raised its financial outlook after its profits surpassed estimates, boosted by strong performance in trading and wealth management.investing_us · united states of america
BusinessOct 28CBRE Group prices $1B senior notes offering due 2032 and 2037CBRE Group has priced a $1 billion offering of senior notes due in 2032 and 2037. This represents a significant financial move by the company.Seeking Alpha Tech
BusinessOct 28Meta- and Google-backed Jio Platforms’ shares soar over 21% on trading debut after record IPOJio had offered 270 million shares in the IPO priced at 1,119 rupees apiece, raising 302 billion rupees ($3.2 billion) in the country's largest-ever IPO.CNBC
BusinessOct 28Landstar anticipates Q3-to-Q4 seasonality of ~1% higher truck revenue per load with 20-30 bps variable contribution margin compressionLandstar anticipates a seasonal increase in truck revenue per load but a decrease in variable contribution margin from Q3 to Q4. This provides insight into the company's expected financial performance.Seeking Alpha Tech
BusinessOct 28Boeing shares tumble after it releases cautious growth forecastInvestors monitor Boeing shares after a slump on Tuesday weighed on sentiment following an update from the group on its outlook.EuroNews [en]
BusinessOct 28Standard Chartered beats forecast as wealth business powers third-quarter profitStandard Chartered’s third-quarter net profit rose 46 per cent as strong growth in cross-border trade loans and wealth management buffered one of Hong Kong’s three note-issuing banks from provisions linked to geopolitical tensions. Net profit increased to US$1.5 billion, or 68.9 US cents per share, in the quarter that ended on September 30, compared with US$1.03 billion a year earlier, the London-based bank said in a filing to the Hong Kong stock exchange on Wednesday. The result beat analysts’...South China Morning Post
BusinessOct 28Mbappe faces backlash in China for meme fiascoThree major Chinese brands have ended partnerships with French football star Kylian MbappeAl Jazeera [en]
BusinessOct 28Dangote Refinery makes history as IPO attracts investors from 120 countries, all 54 African nationsThe landmark offer achieves 100% African participation, reaches all six inhabited continents and Mr Dangote says Africa has shown it can finance, build and own its industrial future. Bird hails global investor confidence while Murat says transaction sets new benchmark for African capital markets The post Dangote Refinery makes history as IPO attracts investors from 120 countries, all 54 African nations appeared first on Premium Times Nigeria.Premium Times
BusinessOct 28Tinubu seeks $20.5bn, €1.04bn foreign loans to fund projects"The proposal was intended to mitigate the continued accumulation of interest, penalties and other financial costs associated with the outstanding obligations" The post Tinubu seeks $20.5bn, €1.04bn foreign loans to fund projects appeared first on Vanguard News.Vanguard Nigeria
BusinessOct 28Indian trading apps roll out access to U.S. stocks, boosting retail demand for Nvidia, SpaceX, AppleIndian trading applications are now providing access to U.S. stocks, which is increasing retail demand for major American companies like Nvidia, SpaceX, and Apple. This development facilitates international investment for Indian retail investors.Seeking Alpha Tech