Kioxia’s market value set at $4.9 billion in IPO
TOKYO (Reuters) -Bain Capital-backed Kioxia’s market value is seen around 750 billion yen ($4.85 billion) in its initial public offering, a regulatory filing showed on Friday. The IPO will have…
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Global banks weigh halting fresh credit to India’s Adani after U.S. indictment, say sources
By Shankar Ramakrishnan, Sumeet Chatterjee, Davide Barbuscia and Sinead Cruise HONG KONG/NEW YORK (Reuters) – Some global banks are considering temporarily halting fresh credit to India’s Adani Group but staying…
European EV battery maker Northvolt files for bankruptcy
Investing.com — Stockholm-based battery manufacturer Northvolt on Thursday said it has filed for Chapter 11 bankruptcy protection in the United States, a move aimed at restructuring its debt and securing financial…
Taiwan stocks lower at close of trade; Taiwan Weighted down 0.58%
Investing.com – Taiwan stocks were lower after the close on Friday, as losses in the , Plastic and Oil, Gas & Electricity sectors led shares lower. At the close in…
Japan stocks higher at close of trade; Nikkei 225 up 0.84%
Investing.com – Japan stocks were higher after the close on Friday, as gains in the Gas & Water, Transportation Equipment and Banking sectors led shares higher. At the close in…
Crypto industry jockeys for seats at Trump’s promised council
By Hannah Lang (Reuters) -A slew of crypto companies including Ripple, Kraken and Circle are jostling for a seat on President-elect Donald Trump’s promised crypto advisory council, seeking a say…
Gap stock soars 15% on guidance raise, solid third-quarter results
Investing.com — Gap hiked its annual guidance and touted optimism ahead of the crucial holiday period following blowout third-quarter earnings underpinned by improved margins. Gap Inc (NYSE:GAP) jumped more than…
Porsche stock defended at Citi following recent selloff
Investing.com — Following a recent selloff in Porsche AG (ETR:PSHG_p) stock, analysts at Citi Research defended their “buy” rating on the shares, citing a potential opportunity amid what they describe…
European stocks rise as Russia-Ukraine conflict escalates
Investing.com — European equity markets opened higher on Friday, with investors closely monitoring the intensifying conflict between Russia and Ukraine. At 3:23 ET (8:23 GMT), Germany’s DAX had risen 0.6%,…
Vinci boosts targets, tops market estimates
Investing.com — Vinci (EPA:SGEF) on Friday issued a new set of divisional guidance for its Energies segment, surpassing existing market expectations. The company’s Energies division aims for a 7.5% operating margin…