Business

Shein’s pursuit of an IPO: From New York to London to Hong Kong

Sunday, August 23 by SRN News

Aug 24 (Reuters) - Online fast-fashion retailer Shein launched its long-awaited Hong Kong IPO on Monday, aiming to raise up to HK$13.86 billion ($1.77 billion) at a valuation of close to $27 billion. It will price the offering on August 28 and debut on September... Read More.

Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO

Sunday, August 23 by SRN News

By Yantoultra Ngui and Kane Wu HONG KONG, Aug 24 (Reuters) - Online fast-fashion retailer Shein's valuation has dropped by around 70% from a near $100 billion private market peak four years ago, as it aims to raise up to HK$13.86 billion ($1.77 billion) in... Read More.

Europe EV market share tops 25% in July as France, Germany drive growth

Sunday, August 23 by SRN News

By Amir Orusov Aug 24 (Reuters) - Battery electric vehicle registrations in Europe continued to rise in July, with electric cars accounting for more than one in four new vehicles sold as strong growth in France and Germany offset weaker demand in some other... Read More.

Analysis-China’s property crisis grinds on after Evergrande sentencing

Sunday, August 23 by SRN News

Aug 24 (Reuters) - The one-time billionaire who came to personify the boom and bust of China's property market was sentenced to life in prison last week by a Chinese court. But the collapse of the sector, entering its sixth year, remains a drag on... Read More.

Ampol posts near five-fold surge in profit as Iran war boosts refining margin

Sunday, August 23 by SRN News

Aug 24 (Reuters) - Australia's top fuel retailer Ampol posted a nearly five-fold rise in interim profit to a record high on Monday, underpinned by a sharp rise in refining margins due to supply disruptions in the Middle East. Ampol runs one of Australia's two... Read More.

Oil falls 1% ahead of US announcement to impose further sanctions on Iran

Sunday, August 23 by SRN News

SINGAPORE, Aug 24 (Reuters) - Oil prices slipped 1% on Monday as investors took profit ahead of an expected announcement from Washington to impose more sanctions on Iran. Brent crude futures fell 94 cents, or 1%, to $93.45 by 2308 GMT, while U.S. West Texas... Read More.

California expected to seek TV channel sales from Paramount-Warner, WSJ reports

Sunday, August 23 by SRN News

Aug 23 (Reuters) - California Attorney General Rob Bonta is expected to ask Paramount to divest some cable channels and commit to keeping its movie studio separate from Warner Bros before he signs off on their merger, the Wall Street Journal reported on Sunday,... Read More.

Commerzbank chair calls for review of German takeover rules after UniCredit bid

Sunday, August 23 by SRN News

BERLIN, Aug 23 (Reuters) - Commerzbank's supervisory board chair, Jens Weidmann, has called for a review of Germany's takeover rules, saying UniCredit was able to secure control of the lender without offering shareholders an adequate premium, a newspaper reported on Sunday. Weidmann was quoted as... Read More.

Zelenskyy details rift with Ukraine’s dismissed defense minister Fedorov

Sunday, August 23 by SRN News

KYIV, Ukraine (AP) - Ukrainian President Volodymyr Zelenskyy said that he believes actions taken by dismissed Defense Minister Mykhailo Fedorov, including his involvement in mass protests and calls for an election, were misguided, as he publicly detailed their dispute for the first time. Zelenskyy... Read More.

Carney warned about economic coercion. Now Trump is testing the Canadian prime minister

Sunday, August 23 by SRN News

TORONTO (AP) - Mark Carney drew international attention as Canada's prime minister by warning that middle powers must resist economic coercion by more powerful countries. Now President Donald Trump is putting that warning to the test with sweeping new tariffs that could show how... Read More.

Current Weather

Shein’s pursuit of an IPO: From New York to London to Hong Kong

Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO

Analysis-China’s property crisis grinds on after Evergrande sentencing

Ampol posts near five-fold surge in profit as Iran war boosts refining margin

Oil falls 1% ahead of US announcement to impose further sanctions on Iran

California expected to seek TV channel sales from Paramount-Warner, WSJ reports

Commerzbank chair calls for review of German takeover rules after UniCredit bid

Zelenskyy details rift with Ukraine’s dismissed defense minister Fedorov

Carney warned about economic coercion. Now Trump is testing the Canadian prime minister

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