JD.com’s shares soared in the US after two of its subsidiaries filed for Hong Kong initial public offerings on Thursday, paving the way for some of the year’s biggest debuts by a Chinese tech company.
Major technology and internet stocks have regained investor favor this year, and no company is ticking more boxes for bulls than Alphabet Inc.
Bed Bath & Beyond Inc. filed to sell up to $300 million in shares and reported preliminary fiscal fourth-quarter sales that missed analyst estimates.
Zimbabwe’s central bank became the second in Africa, after Angola’s, to cut its key interest rate twice this year, as inflation is forecast to ease further.
Some 31,000 funds are about to have their ESG scores lowered at MSCI Inc., as the firm’s ratings unit works through a major overhaul of its methodology in response to feedback from market participants.
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