BlackRock says it is dipping its toes back in to China after rout
The world’s largest asset manager, BlackRock Inc, has said it is dipping its toes back in to Chinese equity markets following their heavy falls this year, and on bets that Beijing will soon start providing stimulus again. Some of China’s biggest stocks are...
Analytics firm Amplitude valued at $5 billion as shares jump in Nasdaq debut
Shares of Amplitude Inc opened nearly 43% above their reference price in Nasdaq debut on Tuesday, notching up a valuation of about $5 billion for the Benchmark Capital-backed analytics company. San Francisco-based Amplitude, which confidentially filed for a...
German millionaires rush assets to Switzerland ahead of election
A potential lurch to the left in Germany’s election on Sunday is scaring millionaires into moving assets into Switzerland, bankers and tax lawyers say. If the centre-left Social Democrats (SPD), hard-left Linke and environmentalist Greens come to power, the...
Evergrande bondholders seek clarity on payments after hope fades on Thursday deadline
China Evergrande Group dollar bondholders were still waiting for information about a key interest payment due Thursday that has kept global investors on tenterhooks, but the property developer was instead expected to provide more clarity in the coming month, a source...
