Ping An Good Doctor, a Chinese healthcare and technology company, has raised HK$8.77bn ($1.1bn) in the largest Hong Kong flotation this year, paving the way for a string of blockbuster tech listings in the coming months.
North Korean leader Kim Jong Un on Friday walked across the military demarcation line dividing the two Koreas to be greeted by South Korean president Moon Jae-in for their first inter-Korean summit over a decade aimed at ending decades of conflict and dismantling Pyongyang’s nuclear weapons.
Mattel has welcomed its new chief executive with a set of quarterly results that showed the toymaker’s sales sliding in the wake of retailer Toys R Us’s liquidation, though less quickly than analysts had feared.
Starbucks turned in better than expected sales growth in the first few months of 2018, even as it said it was unclear how its full-year projections might be affected by plans to close more than 8,000 US stores for an afternoon in May to conduct racial bias training after fallout from an incident at one of its Philadelphia cafés.
Trouble at Steinhoff, the international retail conglomerate ensnared in South Africa’s biggest-ever accounting scandal, deepened after its largest shareholder sued to claw back $4.7bn from the company.
Order up at Chipotle. The fast-casual burrito chain is cruising towards its best-ever one-day gain after its first earnings report under new chief executive Brian Niccol unleashed a wave of optimism about its prospects of finally turning a corner from the food-safety crisis that has dogged it.
Ruth Davidson, leader of the Scottish Conservatives, has announced she is expecting her first child but will continue to lead the party she is credited with bringing back from the political wilderness.
Investors at Weir, the Scottish engineering company, have voted overwhelmingly in favour of ditching a controversial kind of executive reward scheme, marking a milestone on the path towards reform of boardroom pay.