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Jun.24 -- Xiaomi's IPO is priced at up to 29.3 times forecast earnings and its CFO says the company deserves such a premium. Bloomberg Intelligence's Vey-Sern Ling discusses the IPO on "Bloomberg Markets: Asia."
China will lift part of its 'Great Firewall' to give foreigners access to Facebook, YouTube, and Twitter on a tropical island dubbed 'Hawaii of the East'
China's Hainan island has released plans to give tourists access to Facebook, YouTube, and Twitter in parts of two cities. A partial lifting of the county's "Great Firewall" is part of an attempt to make the southern island a free trade zone and tourist hub. The local government's plan is no longer available online.
The U.S. and China’s high-stakes game of economic “chicken” reaches a critical juncture in the next two weeks, as the world’s largest trading partners approach deadlines on tariffs and other barriers that may determine who blinks first. The Treasury Department on Friday is due to announce restrictions on Chinese investment in the U.S. as well as enhanced export controls, as part of the Trump administration’s actions taken under Section 301 to respond to China’s alleged theft of U.S. intellectual property. President Donald Trump in March directed Treasury Secretary Steven Mnuchin to address investment concerns in critical U.S. technologies.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included a top semiconductor maker and utilities stocks. Bearish calls included the leading electric car maker ...
President Donald Trump's proposed "Space Force" could help fuel the $1 trillion intergalactic economy, Morgan Stanley says. If President Donald Trump successfully organizes his so-called Space Force, it could speed up investment in what Morgan Stanley sees as the next trillion-dollar economy. Morgan Stanley has already identified 20 stocks staking their place in the space race, and says it's monitoring 100 other private companies across sectors including satellite internet, rockets, space tourism, and asteroid mining as the push to pioneer this new frontier heats up.