Chinese e-commerce giant Alibaba Group raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale.
Alibaba’s planned $13.4 billion share sale will be Hong Kong’s first paperless stock market listing, a source has said, breaking with a long-held tradition of investors placing stock orders in bank branches.
As trade talks between Washington and Beijing intensified earlier this year, suspected Chinese hackers broke into an industry group for U.S. manufacturers that has helped shape President Donald Trump's trade policies.
U.S. consumer spending increased marginally in September while wages were unchanged, which could cast doubts on consumers' ability to continue driving the economy amid a deepening slump in business investment.
Facebook on Friday began rolling out its dedicated "News Tab" with professionally produced content, the latest move by the social network to promote journalism and shed its reputation as a platform for misinformation.