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Growing middle-class income could mean increased spending on consumer products and services in emerging markets.
Alibaba Group Holding Limited
The Coca-Cola Company
Ctrip.com International, Ltd.
New Oriental Education & Technology Group Inc.
Huazhu Group Limited
Vipshop Holdings Limited
Tata Motors Limited
Grupo Televisa, S.A.B.
Companhia Brasileira de Distribuição
LG Display Co., Ltd.
GOL Linhas Aéreas Inteligentes S.A.
Tupperware Brands Corporation
Jumei International Holding Limited
Fang Holdings Limited
Chinese AI firm Megvii Technology's plans for a $500 million listing in Hong Kong have been dealt a setback, with regulators in the city asking the company - which has been blacklisted by the U.S. government - for more information, three sources said. Beijing-based Megvii did not win approval for its initial public offering (IPO) at a hearing with the Hong Kong Stock Exchange's Listing Committee on Thursday, the people with knowledge of the matter told Reuters. Megvii was given additional questions it must respond to by the committee, according to the sources, with one adding the decision followed a lengthy discussion of the application.
The world has three leading international financial centres. Two, New York and London, are serving as controls, while the third, Hong Kong, has started chipping away at its independent judiciary, which is the ultimate guarantor of civil liberties including a free press, freedom of expression and an open internet.
Applied Materials, Warrior Met Coal, Alibaba and Amazon highlighted as Zacks Bull and Bear of the Day
Adtalem's (ATGE) unit, in collaboration with Sana Labs, will deliver personalized review sessions based on spaced repetition, content similarities and knowledge-gap predictions.
NIKE (NKE) advances the FlyEase platform with an investment in Handsfree Labs. It is set to provide customers with handsfree technology to open and close shoes.
Hanesbrands (HBI) gains from strong International business and organic sales growth. However, weakness in the Innerwear unit and currency headwinds remain concerning.
Whirlpool (WHR) benefits from solid innovations, robust product pipeline and cost-productivity efforts. However, the company is grappling with softness across its Latin America segment.
Ralph Lauren's (RL) strong international business and efforts to expand the digital ecosystem bode well. Softness in North America and disruptions in Hong Kong hurt its performance.
Luxury automaker Jaguar Land Rover's chief executive told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger. "We feel the pressure" from demands to slash carbon emissions and develop electric vehicles, Jaguar Land Rover chief Ralf Speth said in an interview on the sidelines of the Los Angeles auto show.
A late-year rush of giant global share sales led by Alibaba's $13 billion (£10 billion) Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities bankers. Filings on Thursday revealed 17 banks will split up to $32.3 million for Alibaba Group's Hong Kong deal, which will raise up to $12.9 billion for the Chinese e-commerce giant. Earlier this week, sources told Reuters that banks working on Saudi Aramco's IPO would split fees worth 0.35% of the amount raised, meaning at the top of its pricing range, raising $25.6 billion, fees would reach $90 million.
Alibaba on track to raise £10bn in Hong Kong listing. E-commerce group plans to sell 500m shares in biggest offering across global markets this year
AWS, Amazon's (AMZN) robust cloud platform, extends global partnership with Salesforce.com in a bid to further bolster its cloud offerings.
Monster Beverage (MNST) gains momentum in its energy drinks category driven by the Monster Energy brand. Also, its efforts to innovate and launch products bode well.
As stocks are soaring, the wealth effect should be realized by investors. These cyclical sector ETFs and stocks appear as good picks in this scenario.
The company was started just four years ago but has been described by analysts as a disruptor to the dominance of Alibaba Group Holding Ltd's Taobao and JD.com Inc over China's retail sector thanks to its popularity among the country's rural residents. "We continued to invest in our users throughout the third quarter, and stepped our marketing up a notch from the second half of September," Chief Executive Officer Huang Zheng said in a statement. The company, which gained a following in China by strategies such as offering consumers deeper discounts on mostly generic products if they buy in groups, also blamed the larger-than-expected loss on the so-called "choose one from two" practices.
, a sine qua non of Hong Kong, where I lived until recently, is under threat. In many ways, Hong Kong is finance and its role as the international gateway between China and international capital markets is predicated upon the rule of law and its pegged currency. Protest, too, is a broad church: witness the marching lawyers and office workers who have taken to the streets to offer their voices in support of all they hold dear: the freedoms that make Hong Kong a very different place from cities across the border.