Page 30 - Stk News Today

(Bloomberg) -- Caterpillar Inc.’s first-quarter earnings topped analysts’ estimates as surging demand and higher prices for the company’s diggers, bulldozers and trucks offset the impact of rising costs for raw materials and ongoing supply-chain issues.

(Bloomberg) -- SCG Chemicals Pcl, a unit of Siam Cement Pcl, is seeking to raise as much as $3 billion in what could be Thailand’s largest-ever initial public offering, according to people familiar with the matter. The chemical company plans to offer as many as 3.

(Bloomberg) -- Shares of SCB X Pcl, a holding company that controls Thailand’s fourth-largest lender by assets, surged on the first day of trading after it successfully concluded a stock-swap offer for the banking unit. SCB X shares rose to as high as 121.

(Bloomberg) -- Averda is exploring an initial public offering in Saudi Arabia or the United Arab Emirates, according to people familiar with the matter, the latest firm seeking to join a wave of listings in the Persian Gulf.

(Bloomberg) -- India will sell 3.5% in state-run Life Insurance Corp., lower than the 5% announced earlier, according to people familiar with the matter. The initial public offering will be priced in 902 rupees ($11.

(Bloomberg) -- The outlook for Chinese stocks is turning worse by the day, with worries over a potential city-wide lockdown in Beijing pushing key gauges near levels last seen in the early days of the pandemic.  The benchmark CSI 300 Index gained as much as 1.

(Bloomberg) -- Tesla Inc. shares fell Monday afternoon following news that Chief Executive Elon Musk is buying social media company Twitter Inc. in a $44 billion deal.  Shares of the EV company were down around 1.6% at 3:21 p.m.

HSBC Holdings Plc skirted a wave of issues facing the global economy to post better-than-estimated earnings in the first three months of the year. The London-based bank reported adjusted pretax profits of $4.

(Bloomberg) -- Kenya’s markets regulator is considering allowing blank-check firms to list on the local stock market in an attempt to spur initial share sales in East Africa’s biggest economy.

Anglo American Plc’s spinoff, Thungela Resources Ltd., has emerged as the world’s best-performing major coal stock. It’s also one of the most profitable bets by a group of fund managers who’ve promised to reduce their financed greenhouse gas emissions.