Government borrowing costs hit their highest levels since the 2008 financial crisis on Tuesday, with 10-year U.S. Treasury yields climbing above 5% according to market data reported by Reuters. The surge increases financial pressure on heavily indebted borrowers who have previously been shielded by resilient economic growth, driven higher by widening conflicts pushing oil above … Read more
Fast-fashion retailer Shein is set to debut on the Hong Kong stock exchange in a $1.7 billion initial public offering, valuing the company at $26.5 billion after failed attempts to list in New York and London, according to reports from Reuters. According to Stanford University law professor Curtis Milhaupt, the move marks a definitive pivot … Read more
Unitree shares slumped 45% from their debut peak in late August, dropping by $30 billion after soaring to an early $66 billion valuation on the Shanghai STAR Market, according to Reuters. The steep post-listing selloff for China’s best-known humanoid robot maker has triggered widespread regulatory and investor anxiety over retail losses, retail trading frenzies, and … Read more
Federal Bank plans to raise $500 million through a five-year dollar bond sale, according to bankers who requested anonymity because they lack authorization to speak with the media. The capital-raising effort follows a board approval on Friday for foreign-currency-denominated bonds issued through the International Financial Services Centre Banking Unit located in GIFT City. Federal Bank … Read more