, Asia's top refiner, may have a hard time finding
buyers for a multi-billion-dollar stock offering of its fuel
marketing arm because of investor pushback against higher
valuations amid tepid equity markets.
Maoyan Entertainment, China's
top movie ticketing platform that is backed by internet giant
Tencent, launched on Friday its IPO in Hong Kong in
which it aims to raise up to $345 million, a much smaller sum
than what it was eyeing last year.
The company, which is also backed by...
Foreign purchases of bonds issued in five
Asian markets in 2018 fell sharply from the previous year, data
shows, as the Sino-U.S. trade war and higher U.S. yields
prompted many investors to shy away from riskier assets.
Germany and China on Friday
signed agreements to strengthen coordination in banking, finance
and capital markets, and pledged to further open market access
and deepen cooperation to broaden economic ties.
Germany's Foreign Minister Heiko
Maas said there needed to be a discussion about reopening the
draft deal for Britain's planned exit from the European Union,
but only if all EU countries supported the move.