China’s market revival hinges on gloomy economy turning corner

China’s market revival hinges on gloomy economy turning corner

[ad_1] [BEIJING] China’s markets shed the “uninvestable” tag this year. To bury it for good, investors say an acceleration in the domestic economy is needed so the bullishness does not fizzle out. The country’s equities, currency and onshore fixed-income markets remain on course to hand investors positive returns for 2025, a scenario unseen in half…

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China chipmaker MetaX debuts after wildly oversubscribed IPO

China chipmaker MetaX debuts after wildly oversubscribed IPO

[ad_1] CHINA will have another major chip debut on Wednesday (Dec 17), eagerly watched by stock-market investors after the stellar gains by its peer Moore Threads Technology earlier this month. MetaX Integrated Circuits Shanghai is set to start trading in its home city after raising US$585.8 million in an initial public offering (IPO) that was…

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China chipmaker MetaX jumps 755% after wildly oversubscribed IPO

China chipmaker MetaX debuts after wildly oversubscribed IPO

[ad_1] Chinese IPOs have been strong this year, averaging a 250% pop on the first trading day [SHANGHAI] MetaX Integrated Circuits Shanghai soared in its first day of trading on Wednesday (Dec 17), the latest outsized debut by a Chinese chipmaker after similar gains by Moore Threads Technology earlier this month. MetaX jumped as much…

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Warner Bros Discovery board rejects rival bid from Paramount

Warner Bros Discovery board rejects rival bid from Paramount

[ad_1] [LOS ANGELES] Warner Bros Discovery’s board rejected Paramount Skydance’s US$108.4 billion hostile bid on Wednesday (Dec 17), saying it failed to provide adequate financing assurances. In a letter to shareholders, disclosed in a regulatory filing, the board wrote that Paramount had “consistently misled” Warner Bros shareholders that its US$30-per-share cash offer was fully guaranteed,…

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