Page 55 - Stk News Today

Almost half a million Hyundai Motor Co and Kia Corp drivers in the US have been told to park their cars outside and away from other vehicles because of a heightened risk they could spontaneously catch fire.

(Bloomberg) -- First Abu Dhabi Bank PJSC is set to make an offer to buy EFG Hermes, in what could be the biggest acquisition yet in Egypt by the UAE’s largest lender, according to people familiar with the matter.

(Bloomberg) -- India’s retail investors opened a record amount of new accounts last year, even as an exodus of foreign investors began to weigh on the multi-year rally in the nation’s stocks. While volatility has battered the U.S.

(Bloomberg) -- Wild swings in Peloton Interactive Inc.’s stock price and a “factory reset” of the exercise-bike maker’s business have left investors scratching their heads over how much the stock is worth and what price a prospective buyer would need to pay to acquire the one-time pandemic star.

(Bloomberg) -- Investment arms of Chinese local governments became major purchasers of land for property development last month, highlighting the financial strain on the real-estate sector and renewing concerns about repayment risks among these off-balance sheet state borrowers.

(Bloomberg) -- Wuxi Biologics Cayman Inc. suspended trading in Hong Kong, after shares tumbled by a record as the U.S. Department of Commerce added the firm to its unverified list.

(Bloomberg) -- Adani Wilmar Ltd., an Indian food company, advanced in its stock trading debut following a $482 million initial public offering, the country’s largest in two months.

(Bloomberg) -- China’s recent crackdowns on overseas listings have thrown a wrench in the works of startups looking to go public, driving them to pursue investors in Asia’s rapidly growing private capital markets.  JPMorgan Chase & Co.

(Bloomberg) -- SoftBank Group Corp. founder Masayoshi Son said he plans an initial public offering in the U.S. for Arm Ltd. after Nvidia Corp. bowed to regulatory opposition and gave up on its proposed acquisition of the British chip designer.

(Bloomberg Markets) -- In early 2020, as the pandemic pushed it to the verge of bankruptcy, China’s highest-­profile rival to Tesla Inc. was shunned by the venture capital funds and foreign investors that had powered its rise. So Nasdaq-listed Nio Inc.