Business

Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO

Fast fashion giant Shein valued at up to $27 billion in Hong Kong IPO

By Yantoultra Ngui and Kane Wu HONG KONG, Aug 24 (Reuters) - Online fast-fashion retailer Shein's valuation has dropped by…

August 24, 2026

Ampol posts near five-fold surge in profit as Iran war boosts refining margin

Aug 24 (Reuters) - Australia's top fuel retailer Ampol posted a nearly five-fold rise in interim profit to a record…

August 24, 2026

Analysis-China's property crisis grinds on after Evergrande sentencing

Aug 24 (Reuters) - The one-time billionaire who came to personify the boom and bust of China's property market was…

August 24, 2026

Australia's Ampol logs record half-year profit with more than four-fold rise

Aug 24 (Reuters) - Australia's Ampol posted a 376% rise in interim profit on Monday, supported by robust Lytton refinery…

August 24, 2026

Shein launches up to $1.8 billion Hong Kong IPO

HONG KONG, Aug 24 (Reuters) - Online fast-fashion retailer Shein launched book building for a Hong Kong initial public offering…

August 24, 2026

Alibaba launches $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) - China's Alibaba on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development.…

August 23, 2026

Commerzbank chair calls for review of German takeover rules after UniCredit bid

BERLIN, Aug 23 (Reuters) - Commerzbank's supervisory board chair, Jens Weidmann, has called for a review of Germany's takeover rules,…

August 23, 2026

Alibaba launches $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) - China's Alibaba on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development.…

August 23, 2026

ECB chief Lagarde 'ready to serve' WEF, Swiss newspaper reports

ZURICH, Aug 23 (Reuters) - Christine Lagarde, chief of the European Central Bank, could take over the presidency of the…

August 23, 2026

ECB chief Lagarde 'ready to serve' WEF, Swiss newspaper reports

ZURICH, Aug 23 (Reuters) - Christine Lagarde, chief of the European Central Bank, could take over the presidency of the…

August 23, 2026