Courier company J&T Global Express Ltd. has received approval from the Hong Kong stock exchange for an initial public offering that could raise about $500 million, according to people familiar with the matter.
Stocks in Asia were poised to follow a rebound in the US as the month and quarter draw to a close, while oil’s rally faltered and Treasury yields fell.
The number of customers falling into debt on their energy bills has increased by 36% since the beginning of this year, according to EDF Energy.
China’s economy showed signs of a stronger recovery in September, according to a firm analyzing the global economy using satellite data.
China Evergrande Group said its billionaire chairman Hui Ka Yan is suspected of committing crimes, escalating the legal peril for a real estate tycoon whose indebted conglomerate has saddled investors, homeowners and suppliers with billions in losses.
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