Sunday , October 22 2017

News

Asian companies sell most stock in US since Alibaba’s IPO

epa05290364 (FILE) A file photo dated 16 March 2016 showing the Alibaba.com stand at the CeBIT computer show in Hanover, Germany. Alibaba Group is to release their unaudited financial results for the quarter and fiscal year ended March 31, 2016 on 05 May 2016.  EPA/MAURITZ ANTIN

Bloomberg Investors are getting plenty of chances this month to tap one of the best-performing segments of the year’s initial public offerings: Asia-based companies listing in the US. Fifteen Asian companies have raised $3.2 billion in US-listed IPOs and seen their shares climb 46 percent since their listings this year, ...

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India tightens import rules to curb gold-trade irregularities

epa05296655 An Indian shop owner on his cellphone as he waits for customer to purrchase gold jewellery on the day of Akshaya Tritiya in Mumbai, India, 09 May 2016. Hindus consider Akshaya Tritiya as one of the four most auspicious days of the year during which it is believed that investing in valuables, in particular gold, could ensure a lifetime of prosperity.  EPA/DIVYAKANT SOLANKI

Bloomberg India moved to curb gold-trade irregularities by preventing some trading houses from importing the metal following a surge in shipments in recent months. The second-biggest consumer won’t issue or renew authorisation to firms nominated by the Reserve Bank of India that fall under the so-called four- and five-star categories, ...

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Alphabet, SoftBank billionaires swap seats in ride-hailing race

epa06219392 An Uber logo on a mobile telephone in central London, Britain, 22 September 2017. Transport for London (TFL), the governing body responsible for transport in London, announced on 22 September 2017 that they will not renew Uber's license as a private hire operator in the city. Transport for London  has informed Uber London Limited that it will not be issued with a private hire operator licence after expiry of its current licence on 30 September 2017.  EPA-EFE/WILL OLIVER

­­­­­­­­­­­Bloomberg The future of the ride-hailing industry depends on the capricious largesse of two internet billionaires on opposite sides of the globe. Alphabet Inc., led by Larry Page, just backed Lyft Inc., while SoftBank Group Corp. chief Masayoshi Son is set to take a big stake in larger rival Uber ...

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Tech spends millions on lobbying as pressure rises in US

epa05931982 The Facebook icon is displayed in Taipei, Taiwan, 28 April 2017. According to media reports, Facebook is increasing its security to tackle fake news and abuses.  EPA/RITCHIE B. TONGO

Bloomberg Technology companies including Facebook Inc. and Amazon.com Inc. spent more than $10 million on federal lobbying in the third quarter, as Washington ratcheted up pressure on issues ranging from child trafficking to Russia’s alleged meddling in the 2016 election. Amazon spent $3.41 million—its biggest quarter in at least nine ...

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