The theory is that Alibaba is such a gigantic offering that it is reducing interest in other IPOs anywhere on or near the horizon.» Read More
SINGAPORE/ TOKYO, Sept 5- Tests on samples of the same type of U.S. condensate now heading to South Korea and Japan have raised questions about the ultra-light crude's suitability for use in Asia, sources said, making some potential buyers wary about taking the oil.
Wall Street's upbeat performance overnight, helped by a subside in geopolitical tensions, elevated Asian bourses to fresh closing highs on Tuesday.
*London- listed shares drop 4 pct. MELBOURNE, Aug 19- The world's biggest mining company, BHP Billiton, announced plans to spin off businesses worth an estimated $16 billion, most of them acquired in its 2001 merger with Billiton, to focus on its most profitable activities. BHP's London- listed shares fell 4 percent.
*BHP UK shares drop 4 pct. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $16 billion company to shareholders, mostly offloading assets acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.
*H2 profit up 8 pct to $5.69 bln. MELBOURNE, Aug 19- Top global miner BHP Billiton will spin off a roughly $14 billion company to shareholders, mostly offloading assets it acquired in its 2001 merger with Billiton, as it looks to focus on its strongest businesses.
Asian equities traded mixed on Monday as a cautious sentiment set in after fresh conflict in Ukraine at the weekend.
Investors will be looking at data due from Japan and China in the week ahead, for further cues on the health of Asia's two largest economies.
Most Asian equities traded higher on the last trading day of the week, taking cues from a firm finish on Wall Street overnight.
WASHINGTON, July 28- The U.S. Commerce Department has put on hold at least two companies' requests for permission to sell lightly processed crude abroad, effectively stalling an industry push to export an expanding glut of oil amid the U.S. shale revolution, sources said.
Rio Tinto said it was on track to produce 295 million tons of the steel-making material in 2014, up from 266 million last year.
European shares closed around the flatline on Thursday, paring earlier gains.
Blackstone exec Bruce Wrobel did well and wanted to do good—and that may have had tragic consequences.
The "Fast Money" traders share their final trades of the day.
NEW YORK, April 23- The U.S. Securities and Exchange Commission on Wednesday won an asset freeze against a former Banco Santander SA executive it accused of insider trading ahead of a proposed 2010 takeover of Potash Corp of Saskatchewan Inc..
Take a look at some of Friday's midday movers:
Australian billionaire Gina Rinehart has secured $7.2 billion in debt for her Roy Hill iron ore mining project.
China posts the biggest drop in exports in four-and-a-half years and the biggest trade deficit in two years, weighing on stocks.
Asian shares mostly saw subdued trade on Thursday, ahead of Friday's U.S. nonfarm payrolls report.
After a most choppy session, Asian stocks closed lower on the first trading day of the week.
Some of Tuesday's midday movers: