Banks gear up for IPO rebound
Wall Street banks are preparing for initial public offerings to bounce back in the second half of this year, after a six-month slump. The success of IPOs from messaging app Line and cloud provider Twilio […]
2016
Singapore’s July exports plunged by 10.6%
Singapore posted a surprisingly sharp 10.6% drop in non-oil domestic exports for July amid a steep falloff in shipments to China and the US. The figures add to disappointing data and fears of an economic […]
Goldman Sachs notes rising capital outflow from China
Goldman Sachs estimates that the capital outflow from China is growing, with US$55 billion in July after US$49 billion in June. The Shenzhen-Hong Kong stock link could accelerate the flow, contributing to downward pressure on […]
Netflix to Be More Widely Available in Hotels
Netflix (NASDAQ:NFLX) already had a deal in place in Enseo to incorporate the video-streaming service in a number of different hotels. On Wednesday, Netflix and Enseo, “an in-room entertainment systems integrator” that provides an entertainment […]
Cisco Plans to Cut Jobs, but Less Than Previously Expected
It was earlier reported that Cisco (NASDAQ:CSCO) may plan to lay off roughly 20% of its workforce, or approximately 14,000 employees, as it looks to slash its costs by 15%. According to the company though, […]
Activist hedge fund ValueAct takes Morgan Stanley stake
The hedge fund acquired 38 million shares of Morgan Stanley, equivalent to an around 2 percent stake in the investment bank, according to regulatory filings. ValueAct has been known for taking an activist role over […]
Private equity firms buy up distressed oil assets
Blackstone Group, Apollo Global Management and WL Ross all have invested in distressed US oil assets this year at discounted prices. Deals are picking up, in part, because the price of oil no longer is […]
Fed rate hike more likely this year
The Federal Reserve is again signaling an interest-rate increase. The policy committee might raise rates at a meeting next month, say William Dudley and Dennis Lockhart, presidents of the New York and Atlanta Fed banks, […]
The construction of homes in the US rose to its highest level in five months in July
The construction of homes in the US rose to its highest level in five months in July, the Commerce Department said. With inexpensive financing and job creation stimulating sales, residential starts rose 2.1% to an […]