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21 Jul

Blackstone braves second-quarter downturn with 86% earnings jump

Blackstone Inc, the world's largest alternative asset manager, posted an 86% surge in its second-quarter distributable earnings on Thursday driven by strong asset sales despite a drop in the value of most of its funds amid a market downturn.

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21 Jul

Spanish renewables firm Opdenergy seen pricing IPO at bottom of range

Opdenergy is expected to price its initial public offering (IPO) at 4.75 euros per share, the bottom of its indicated range, which would value the Spanish renewable energy firm at 703 million euros ($716 million), one of the joint bookrunners said on Thursday.

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21 Jul

China to repay more depositors to defuse rural bank scandal

BEIJING (Reuters) -Chinese regulators took fresh steps on Thursday to defuse anger over a banking fraud that has sparked high-profile protests, by announcing a second round of repayments to depositors whose funds were frozen in two provinces.

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21 Jul

Opdenergy IPO expected to price shares at bottom of range

The expected price of new shares to be issued by Spanish renewable energy company Opdenergy is 4.75 euros, at the bottom of the indicated range, the bookrunner said on Thursday.

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21 Jul

Reaction to China imposing $1.2 billion fine on Didi Global

China's cybersecurity regulator fined Didi Global Inc 8.026 billion yuan ($1.2 billion) after a year-long probe found the ride hailing giant had violated laws including ones pertaining to data security.

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21 Jul

Hyundai Motor's Q2 profit at eight-year high on weak won, strong demand

SEOUL (Reuters) -Hyundai Motor Co turned in its best quarterly profit in eight years on Thursday as a weak won lifted the value of its earnings abroad and demand stayed strong for the South Korean automaker's high-margin sport-utility vehicles (SUVs).

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21 Jul

Hyundai Motor Q2 net profit rises 59%, beats estimates

Hyundai Motor Co posted on Thursday a 59% rise in second-quarter profit as a weak won lifted the value of its earnings abroad and demand remained strong for the South Korean automaker's high-margin sport-utility vehicles (SUVs).

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