Set-top Box Market to grow by $ 3.39 million in 2021|Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast 2025| Technavio

Bloomberg
Vingroup Said to Weigh $2 Billion U.S. IPO of Unit VinFast
(Bloomberg) -- Vingroup JSC is considering a U.S. initial public offering of its car unit VinFast that could raise about $2 billion, according to people familiar with the matter.The biggest carmaker in Vietnam is working with advisers on the potential offering that could take place as soon as this quarter, the people said. An offering could raise as much as $3 billion, said the people, who asked not to be identified as the information is private. The company is seeking a valuation of at least $50 billion after a listing, one of the people said.At $2 billion, VinFast’s IPO would be the biggest ever by a Vietnamese company after Vinhomes JSC’s $1.4 billion first-time share sale in 2018, according to data compiled by Bloomberg. The carmaker could also become the first Vietnamese company to list in the U.S. if successful.Shares in Vingroup climbed as much as 5.3% on Tuesday to a record high. They have risen 27% this year, giving the company a market value of about $20 billion.Details of VinFast’s IPO including size and timeline could change as deliberations are ongoing, the people said. A representative for Vingroup declined to comment.VinFast, founded by billionaire Pham Nhat Vuong, began delivering gasoline-powered autos to Vietnamese consumers with BMW-licensed engines in 2019. The carmaker plans a Vietnam roll-out of electric cars later this year and said last month it has received 3,692 local orders. The startup aims to deliver its first electric vehicles to the U.S., Canada and Europe next year and is looking to open a factory in the U.S.(Updates with Vingroup shares in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
47m ago
Bloomberg
Tesla to Conquer Trillion-Dollar Energy Market, Canaccord Says
(Bloomberg) -- Tesla Inc. is set to “attack and conquer” another trillion-dollar market as the company best known for its electric vehicles ramps up its focus on energy generation and storage, according to Canaccord Genuity.Analyst Jed Dorsheimer upgraded the stock to buy from hold and gave it one of the highest price targets on the Street, predicting the generation and storage unit could yield $8 billion of revenue by 2025.Tesla “is rapidly creating an Apple-esque ecosystem of energy products, harmonized in electrification, to become The Brand in energy storage,” Dorsheimer said in a note to clients Monday. His $1,071-a-share objective -- up from $419 previously -- suggests almost 60% upside for a stock that’s already gained nearly six-fold in the past year.The company’s shares traded nearly 2% higher at $690.23 in early morning trading in New York.Tesla is tapping all available resources to meet battery demand, including in-house production at its Fremont site, production with partner Panasonic Corp. in Nevada and supply agreements with LG Chem Ltd., the analyst said. As supply constraints ease, the company will be able to meet demand for its Powerwall home storage, often paired with solar installations, he said.Dorsheimer’s price target values Tesla’s stock and net debt at 63 times his estimate of the company’s earnings in 2024. That’s three times the average multiple of a group of competitors, he said.“While rich, we also believe Tesla holds a several-year lead and is now expanding aggressively into storage and thus feel our multiple is warranted,” the analyst wrote.He’s not the biggest bull on the stock: Cathie Wood’s Ark Invest Management expects Tesla to hit $3,000 by 2025, the firm said last month.(Updates with Tesla shares at the open in 4th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
13h ago
Reuters
Indian shares, rupee slide as lockdown fears loom after COVID-19 surge
Indian shares tumbled more than 3% and the rupee hit an eight-month low on Monday as a relentless surge in COVID-19 cases and a possible lockdown by a large state threatened to derail a recovery in Asia's third-largest economy. India reported another record daily surge in coronavirus infections and overtook Brazil to be the second worst-hit country by the health crisis on Monday.
23h ago
FX Empire
Gold Price Prediction – Prices Slip as Yields Rise
The dollar was nearly unchanged, but U.S. Treasury yields moved higher, which put downward pressure on gold prices. This came following a 60-minute interview that aired on Sunday with Fed Chair Jerome Powell. Despite a growing economy the Fed Chair reaffirmed the central bank’s commitment to keeping loose monetary policy in place for the entire year.
9h ago
Reuters
After sanctions, Huawei turning to businesses less reliant on high-end U.S. tech
SHENZHEN, China (Reuters) -Chinese telecoms equipment maker Huawei Technologies is making business resilience its top priority with a push to develop its software capabilities as it seeks to overcome U.S. restrictions that have devastated its smartphone business. Huawei was put on an export blacklist by former U.S. President Donald Trump in 2019 and barred from accessing critical technology of U.S. origin, affecting its ability to design its own chips and source components from outside vendors. The ban put Huawei's handset business under immense pressure.
17h ago
Bloomberg
Jack Ma’s Fortune Jumps $2 Billion After Record Alibaba Fine
(Bloomberg) -- China just slapped a record antitrust fine on Alibaba Group Holding Ltd. The company thanked the government and investors breathed a sigh of relief.Alibaba’s American depositary receipts climbed 9.3% on Monday in New York, their biggest jump in almost four years. For Jack Ma, the founder of the e-commerce giant, it meant his fortune increased by $2.3 billion to $52.1 billion, according to the Bloomberg Billionaires Index.The $2.8 billion fine is less severe than some investors feared and is based on only 4% of the company’s 2019 domestic sales, far less than the maximum 10% allowed under Chinese law. While the internet giant will have to adjust the way it does business, its vice chairman said regulators won’t impose a radical overhaul of its e-commerce strategy and its chief executive officer declared Alibaba ready to move on.“Alibaba would not have achieved our growth without sound government regulation and service, and the critical oversight, tolerance and support from all of our constituencies have been crucial to our development,” the company said in an open letter. “For this, we are full of gratitude and respect.”Ma, who up until last year was China’s richest person, has lost billions since his nation’s regulators began an anti-monopolistic campaign, halting the initial public offering of his Ant Group Co. payments company just two days before it was scheduled to go public. He is now China’s third-richest person after Zhong Shanshan of bottled-water company Nongfu Spring Co. and Tencent Holdings Ltd.’s Pony Ma.Separately, China’s central bank ordered Ant to become a financial-holding company that will be regulated more like a bank. The move, announced on Monday, will have far-reaching implications for the firm’s growth and its ability to press ahead with an initial public offering. Alibaba shares opened 3.4% higher in Hong Kong on Tuesday.(Updates to include Ant overhaul and stock move in last paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
2h ago
Reuters
Instant View: India's March inflation accelerates on higher food, transportation costs
Further, core inflation too accelerated to more than a 2-year high, at close to 6.0% which does not offer comfort. Continued comfort on food and goods inflation as production continues to normalize should prove supportive. "Upside from crude oil prices, if any, could be offset by a likely hold or reduction in duties on petroleum products, softening of demand due to a resurgence in COVID-19 infections, and likelihood of a normal monsoon outturn (as per private weather forecasting firm AccuWeather) in 2021."
15h ago
Bloomberg
Yellen Dropping China Manipulator Label Won’t Help Weak Yuan
(Bloomberg) -- China’s yuan is unlikely to escape its current bout of weakness, even with help from U.S. Treasury Secretary Janet Yellen.While Yellen’s decision not to name China as a currency manipulator removes a flash point, analysts say that tension between the two countries have moved to strategic issues such as technology leadership. The yuan is also weighed down by other factors including slowing capital flows and a narrowing yield spread with the dollar.“It takes away one source of pressure, but other areas of tensions with the U.S. remain,” said Dariusz Kowalczyk, chief China economist at Credit Agricole CIB. “The headline will likely provide only temporary support, given that other factors are in the driver’s seat for now.”The semiannual U.S. foreign-exchange report is expected this month. Here are more views on the development:Tariffs Remain“Since the trade war, I think the semiannual report is no longer so important,” said Tommy Xie, head of Greater China research at Oversea-Chinese Banking Corp. The U.S. still has tariffs placed on China that have already kicked in and are unlikely to be lifted in the near term, he said.“Things are still overshadowed by the upcoming U.S. bill on strategic competition, which will be considered on April 21,” he said. “The capital flow picture will be one of the main drivers of the yuan in the near term as well as dollar trajectory.”Less Confrontation“The tag was announced the previous time due to political tensions even though China didn’t meet the criteria of a currency manipulator,” said Xing Zhaopeng, senior China strategist at Australia & New Zealand Banking Group Ltd. “It doesn’t make sense for the U.S. to keep challenging China on the issue of foreign exchange unilaterally, rather the U.S. is showing it prefers to address individual topics separately rather than a full-scale confrontation. The currency problem is no longer a core issue of U.S.-China relations.”“It shows that interaction between China and the U.S. is becoming more rational and more compliant with market rules, which is good for yuan in the short-term,” said Ji Tianhe, head of FXLM strategy at BNP Paribas SA in Beijing. “But it doesn’t affect the overall trend in the second and third quarters. This can be read as the currency exchange-rate issue is no longer the core issue of the Sino-U.S. conflict.”No Positive EffectTensions only add pressure on the yuan if they flare up but won’t positively influence the currency if they simmer, according to Gao Qi, a currency strategist at Scotiabank. “The yuan is likely to range-trade while following a broad dollar movement as U.S.-China tensions stay under control for now,” he said.“Meanwhile, a forming golden cross may indicate some upside potential for” USD/CNH, he said, referring to the 50-day moving average indicator rising over the 100-day moving average.Pressure From Yields“The yuan is under pressure due to the higher Treasury yields -- we have calculated that renminbi spot is the most correlated currency in the world with the level of the 10-year UST yield, and we continue to expect the yield to trend higher,” Kowalczyk said.“The yuan is also suffering from a decline in foreign interest in Chinese bonds, and CGBs in particular. We expect foreign inflows to be much lower this and next year than what we had anticipated,” due to FTSE Russell’s decision to extend the inclusion of Chinese bonds to a three-year period from 12 months, he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
36m ago
Bloomberg
Billionaire Saudi Family Breaks Mold on Kingdom’s Secrecy
(Bloomberg) -- For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy at the family firm he’s worked at since the age of eight, while cementing a $3.1 billion fortune built over the decades by his father and uncles.As the October public offering of BinDawood Holding Co. got underway, details emerged of some $76 million in previously undisclosed loans made by the Saudi company to family members. In a departure from the traditional secrecy associated with the kingdom’s family firms, Jeddah-based BinDawood revealed everything, put the IPO on hold and gave buyers the chance to take their money back.As the loans were quickly repaid, the sale resumed and eventually raised about $500 million for the family, attracting $29 billion in bids along the way.“We have to be very transparent with investors,” BinDawood said in an interview in Riyadh last month. “If there is any disclosure at any time that we need to make, we will go ahead and do it. So we took this on the shoulder and decided to announce it.”The success of the IPO has helped establish BinDawood, 37, as one of a new breed of Saudi executives rising within a corporate world that was largely off-limits to foreigners until a few years ago. What’s more, it has made him emblematic of a drive to shake up traditional ways of doing business, dovetailing with Saudi Crown Prince Mohammed bin Salman’s goal of transforming the oil-rich kingdom into a regional business hub.That mold-breaking character can even be seen inside BinDawood stores. The past few months have seen the company doing prominent Valentine’s Day and Easter promotions, a move unthinkable just a few years ago in a country that has historically adhered to a strict Wahhabist interpretation of Islam.Prince Mohammed’s commitment to reshaping the economy isn’t all working in BinDawood’s favor. A sudden decision to triple value added tax last year hit consumer spending. Higher customs duties and fees on expatriates are driving up costs for Saudi firms, too. And all at a time when the Covid-19 pandemic has been stoking unemployment.“We remain cautious of near-to-mid term growth across the consumers space as market size shrinks on potential expat depopulation,” said Mehwish Zafar, a senior equity analyst at Arqaam Capital in Dubai who has a “hold” recommendation on the shares. Like-for-like sales growth will probably be negative until at least 2022, he said, with growth only coming from new store openings or acquisitions.Shares in BinDawood jumped more than 30% in the days immediately after the sale. They have since slipped back, showing as of Monday a gain of about 11.5% from the listing price.It’s a performance that has helped buttress the family’s bid to diversify into other assets while strengthening the core business, a goal identified by Ahmad BinDawood as key to avoiding the kind of strife his father feared might undermine the business as it passed to a new generation.“The majority of family businesses don’t survive the transition to the third generation, and that’s something that concerned my father a lot,” BinDawood said.Pilgrims ProgressThe rise of the BinDawood business has been some 40 years in the making. Once a small-time vendor of Arabian perfumes and groceries to pilgrims visiting the Islamic holy sites of Mecca and Medina, it is now a nationwide concern spanning supermarkets and hypermarkets, hotels and distribution centers. The grocery business alone employs more than 10,000 people across 74 stores.Ahmad BinDawood’s own destiny was sealed as soon as his father, Abdulrazzag BinDawood graduated in the 1980’s from the King Fahd University of Petroleum and Minerals in Dhahran. Instead of following his peers into the oil industry, he decided to join his brothers Ismail and Abdullah in their burgeoning retail trade.Which is why Ahmad found himself on the front line at such a young age. At just eight, he was helping to sell items to the pilgrims during his school holidays, envious of friends who were away avoiding Saudi Arabia’s scorching summers.“Our friends were traveling and off enjoying themselves and sometimes we would would ask: why not us?” BinDawood said. “But that experience built the passion in us to stay in the business that our father and our uncles built.”A decision to push into online shopping and delivery helped prepare the firm for lockdowns during the coronavirus pandemic, but couldn’t outweigh the hit from the absence of religious tourists who were prevented from entering the kingdom for much of the year. While profit climbed almost 7% last year, it had slumped more than 53% in the fourth quarter as Saudi Arabia reimposed travel restrictions.BinDawood is still optimistic that shoppers will return as travel resumes, though how quickly pilgrims come back to Saudi Arabia in anything like their previous numbers remains uncertain.Next up may be the purchase of a rival grocery chain to expand into neighboring countries, BinDawood said. At the same time, the IPO proceeds will help further develop the BinDawood Group family office, which Ahmad’s father is now running. That fortune, which is split across several family members, is estimated at about $3.1 billion, according to the Bloomberg Billionaires Index.“The IPO had two main angles to it -- sustainability and continuity of the business first, and second the diversification for the family,” he said. “We are in the process of building the family office and bringing in the right talent.”More family businesses are likely to follow in BinDawood’s footsteps. The IPO of Saudi Aramco in 2019, which many Saudis never thought they would see, “has been a massive driver in motivating families to take their operating businesses public to help grow their enterprises and generate new wealth,” said Tayyab Mohamed, co-founder of London-based family office staffing firm, Agreus Group.For all the challenges, Ahmad BinDawood is optimistic, citing his life-long involvement in the business as a foundation for success.“Retail is embedded in our DNA now,” he said.(Updates share performance in ninth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
15h ago
FX Empire
US Dollar Posts Worst Week of the Year as Yields Drop on Dovish Fed Minutes
Helping to pressure the U.S. Dollar were higher-than-expected weekly initial claims, but this was somewhat offset by a jump in producer prices.
1d ago
Quartz
“Er xuan yi”: The business tactic that led to Alibaba’s $2.8 billion antitrust fine
The regulator's statement offers the most detailed look so far at how companies like Alibaba use a controversial business tactic.
16h ago
Reuters
After sanctions, Huawei turning to businesses less reliant on high-end U.S. tech
Chinese telecoms equipment maker Huawei Technologies is making business resilience its top priority with a push to develop its software capabilities as it seeks to overcome U.S. restrictions that have devastated its smartphone business. Huawei was put on an export blacklist by former U.S. President Donald Trump in 2019 and barred from accessing critical technology of U.S. origin, affecting its ability to design its own chips and source components from outside vendors. The ban put Huawei's handset business under immense pressure.
17h ago
FX Empire
U.S. Dollar Index (DX) Futures Technical Analysis – 91.870 – 92.510 Zone Controlling Near-Term Direction
The direction of the June U.S. Dollar Index on Monday is likely to be determined by trader reaction to 92.510.
19h ago
FX Empire
Most Asia-Pacific Stock Markets Finish Lower as China PPI Rises More than Expected
China’s factory gate prices rose at their fastest annual pace since July 2018 in March, as growth continued to gather momentum.
2d ago
Coin Rivet
Bitcoin approaches record high days before Coinbase Nasdaq listing
Bitcoin is on the brink of forming a record high above $62,000 as the industry anticipates a volatile week with Coinbase being listed on Nasdaq on Wednesday.
15h ago
Reuters
HSBC and Huawei CFO reach agreement on document publication linked to extradition case
HSBC and Huawei Technologies' Chief Financial Officer Meng Wanzhou have reached an agreement in a dispute about the publication of documents relating to U.S. fraud allegations against her, their lawyers told a Hong Kong court. The legal dispute reached the Hong Kong court last month after a British judge in February blocked the release of internal HSBC documents relating to the fraud allegations against Meng.
23h ago
IPO-Edge.com
IPO Edge to Host Air Mobility III with Joby Aviation April 14
Mobility is being redefined. Joby Aviation, which is going public through a merger with Reinvent Technology Partners (NYSE: RTP), has aggressive plans to put 1,000 electric, vertical take-off and landing passenger aircraft (eVTOLs) in service by 2026. And the best part: you’ll be able to order one from your smartphone. Toyota Motor Corporation, Uber Technologies, […]
13h ago
Bloomberg
Showdown Looms Between Central Bank and Bond Market in Australia
(Bloomberg) -- Bond traders searching for a chink in the armor of central banks are starting to look Down Under, where a likely showdown over yield-curve control is set to test the power of policy makers to contain the next wave of reflation bets.The global trading day for bonds begins in earnest in Sydney each morning, giving developments in Australia’s $600 billion sovereign debt market an out-sized impact on sentiment. It was the scene of a dramatic “flash crash” last year when the yield program was announced, illustrating the potential for turmoil.While the Reserve Bank of Australia has largely tamed markets since then, as the economy’s recovery strengthens, wagers against the RBA’s ability to keep yields lower look poised to rise.“If inflation expectations do start to un-anchor, then I think the RBA will be one of the first central banks to be tested by bond traders,” said Shaun Roache, an economist at S&P Global Ratings in Singapore. “The RBA is a canary in the coalmine for central banks as it is ahead in its labor market recovery.”The RBA brought short-sellers quickly to heel when the global bond rout emboldened them to test its grip on yield control in February. After weeks of aggressive positioning by traders, the bank nudged up the cost of speculating on rising rates and the yield on benchmark three-year bonds fell neatly back into line with its 0.1% target.But keeping the market at bay next time may prove more difficult, as vaccination campaigns gather pace in major economies and the U.S. recovery nears an “inflection point,” emboldening traders.If yield control fails in Australia, it may fade away as a potential option for other monetary authorities in need of more policy ammunition. Especially because yield control’s record in Japan -- the only other country to officially employ it -- is patchy.Pinning the rate of one key bond maturity has helped the Bank of Japan reduce borrowing costs in general and also allowed it to slow the pace of bond purchases. But it has come at a cost. The nation’s debt market is lambasted as dysfunctional and an economic recovery strong enough to revive inflation looks as far away as ever.Widening GapBeneath the surface, problems appear to be building Down Under too. While the RBA has its thumb on one specific bond line, there is a large gulf between the yield on this security and those maturing slightly later. There’s also a widening gap to rates on the suite of derivatives linked to three-year yields that flow through into borrowing costs for companies and consumers.Take Australia’s three-year swap rate, an important tool for corporate borrowers to manage interest-rate risks. It surged through February and March, rising to four times the RBA’s target for three-year bonds amid pressure from higher U.S. yields and a rebounding economy at home.Australia’s bond futures tell a similar story. The yield implied by three-year futures doubled in the two weeks to Feb. 26 and remains elevated, even after retreating from its high point.“Lack of liquidity, a central bank that’s digging its heels in -- all that, for us, means there’s going to be more volatility in Aussie rates,” said Kellie Wood, a fixed-income portfolio manager at Schroders Plc’s Australian unit. “The RBA has succeeded in terms of round one. But we are starting to see cracks,” said Wood, who expects the market to challenge the 0.1% target again.Stephen Miller, an investment consultant at GSFM, an arm of Canada’s CI Financial Corp., agrees that higher yields may arrive in Australia sooner than the RBA thinks. “It will be powerless if the U.S. curve shifts upwards and other rates markets follow,” said Miller.Not everyone is prepared to bet against the RBA.For Fidelity International’s Anthony Doyle, taking on the RBA may be a recipe for steep losses if past lessons from the European Central Bank and U.S. Federal Reserve are anything to go by.Nine years ago, then ECB President Mario Draghi vowed to do “whatever it takes” to save the euro, leading to quantitative easing and bond purchases that are still in place. The Fed said more than a year ago that it would buy unlimited amounts of Treasuries to keep borrowing costs at rock-bottom levels, and it’s still holding firm.“I don’t think it’s ever wise to fight anyone that has a printing press,” said Doyle, a cross-asset investment specialist at Fidelity in Sydney. “The RBA as a house holds all the cards. If they want yields lower, they’ll get it.”Yet Governor Philip Lowe isn’t doing everything he could to damp doubts over the RBA’s resolve. His reluctance to make an early switch in the yield target to bonds maturing in November 2024, from ones due in April 2024, is fueling debate about how soon the policy could be wound back.Lowe said at the conclusion of the latest board meeting on April 6 that a decision would be made later this year, without being more specific. He also indicated that the RBA expected to maintain “highly supportive monetary conditions” until at least 2024, even though the number of Australians with a job has returned to pre-pandemic levels.“We don’t think they’ll extend yield-curve control” beyond the current April 2024 bond, said Wood, who warned of potential taper tantrums.Lowe’s February win against short sellers, and a slide in yields at home and abroad over recent weeks, has given the RBA space to breathe. But it’s likely only a matter of time before bond traders come back for round two.“Everybody’s watching how this is going to unfold,” said S&P’s Roache. “The RBA may not want this role, but it is taking quite a starring role I think among global central banks.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
6h ago
Bloomberg
Aussie Dollar Bulls Unbowed Despite Disappointing March
(Bloomberg) -- Hedge funds look steadfastly bullish on the Australian dollar despite its decline against the greenback in March. The nation’s employment data this week may provide an insight into why.The currency saw its worst performance in five months against the dollar in March, falling 1.4%, as a combination of rising Treasury yields and confirmation of the Reserve Bank of Australia’s dovish monetary policy weighed. However, signs are emerging that the Aussie could be due for a rebound after key support around the $0.75 level remained intact, a closely-watched gauge of momentum known as slow stochastics turned bullish and the economy continues to trump expectations.Leveraged funds are certainly signaling that they think the currency will strengthen. Speculators increased their net long Aussie positions to the highest since November by the end of March despite the currency’s weakness, before a modest pullback last week, according to Commodity Futures Trading Commission data.Bulls searching for catalysts to spur the currency higher may have to look no further than this week’s Australian employment data. The unemployment rate fell to an eleven-month low of 5.8% in February, and a further decline this week could boost the Aussie as confirmation the economy is on a strong footing.Gross domestic product grew by a larger-than-expected 3.1% year-over-year in the final three months of 2020.A falling unemployment rate isn’t the only positive factor for Australia’s currency. Treasury yields look to have put a near-term high in place, retreating from their recent peak despite strong U.S. employment and ISM data. In addition, iron ore prices remain close to this year’s highs, helping to support the Aussie.The Australian dollar “can appreciate further because it is undervalued relative to its fundamentals,” Commonwealth Bank of Australia strategists including Kim Mundy wrote in a recent note. “We forecast a further strengthening in commodity prices over 2021.”There are still headwinds facing the Aussie, including an expected cut in Chinese steel production and carbon border fees which could weigh on the currency, the strategists added.But the risks still appear skewed to the currency appreciating against the dollar over coming months, with a rise to $0.80 possible by June, they concluded. The Aussie traded around the $0.7620 level Monday.Below are the key Asian economic data and events due this week:Monday, April 12: India CPI and industrial production, Japan PPITuesday, April 13: Australia business confidence, China trade balance, New Zealand retail card spendingWednesday, April 14: RBNZ policy decision, Singapore 1Q GDP and MAS policy decision, Japan core machine orders, India wholesale pricesThursday, April 15: Australia employment, Bank of Korea policy decision, Indonesia trade balance, Philippine overseas remittances, India trade balanceFriday, April 16: China 1Q GDP, industrial production, retail sales and fixed assets ex-rural, New Zealand BusinessNZ manufacturing PMI, Singapore NODXFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
1d ago
Reuters
Analysis: Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny
A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some eyeing Hong Kong share sales instead, as regulators tighten scrutiny of IPO applicants after the halting of Ant Group's $37 billion float. Over 100 companies have voluntarily withdrawn applications to list on Shanghai's STAR Market and Shenzhen's ChiNext since Ant's termination of its initial public offering (IPO) in November, according to Reuters review of exchange filings. The unprecedented withdrawals come against the backdrop of sharply intensified grilling of listing prospects by regulators, leading to IPO delays, outright rejection or even penalties, say bankers and company executives.
1d ago

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Set-top Box Market to grow by $ 3.39 million in 2021|Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast 2025| Technavio

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