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Friday, June 29, 2018

China's Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: sources

HONG KONG (Reuters/IFR) - China's Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world's biggest tech float in four years, people close to the transaction said on Friday.


from Reuters: Business News https://ift.tt/2KmitXO

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Interest rates held at 5% but 'on the path down'

Economists are betting on rates being held in September with a cut to come in November instead. from BBC News https://ift.tt/OyPldkf