Tag Archives: Weak

Xiaomi IPO: Xiaomi’s Weak Hong Kong Debut Casts Shadow on Tech Listings

HIGHLIGHTS Xiaomi Corp’s shares fell as much as 6 percent on debut Xiaomi priced its Hong Kong IPO at HKD 17 per share The Sino-US trade dispute has roiled financial markets Chinese smartphone maker Xiaomi Corp’s shares fell as much as 6 percent on debut in Hong Kong due to valuation concerns, delivering a blow to investor sentiment in the tech sector ... Read More »

S&P Downgrades Union Bank On Weak Asset Quality

S&P lowered its long-term issuer credit rating on Union Bank of India to ‘BB+’ from ‘BBB-‘. Mumbai: International ratings agency Standard & Poor’s (S&P) on Friday lowered its long-term issuer credit rating on Union Bank of India (UBI) to ‘BB+’ from ‘BBB-‘, citing weak asset quality, but retained a stable outlook on the state-run lender. “We are lowering our long-term issuer ... Read More »

Economy Growing at Over 7% Despite Weak Exports: Commerce Minister

Bengaluru: Indian economy is growing at over 7 per cent despite weakness in the exports sector, Commerce and Industries Minister Nirmala Sitharaman said on Tuesday. “India is the bright spot. Nobody is denying the (fall in) exports. Export is suffering, but the fact remains that the Indian economy is growing at over 7 per cent,” she told reporters after delivering ... Read More »

Economy Growing at Over 7% Despite Weak Exports: Commerce Minister

Commerce Minister Nirmala Sitharaman said that the brighter side of the economy lies in the fact that it continues to attract investments. Bengaluru: Indian economy is growing at over 7 per cent despite weakness in the exports sector, Commerce and Industries Minister Nirmala Sitharaman said on Tuesday. “India is the bright spot. Nobody is denying the (fall in) exports. Export ... Read More »

LinkedIn Reports Strong Results on Hiring Software; Posts Weak Forecast

LinkedIn shares plunged as much as 28 percent in after-hours trading Thursday after the company reported better-than-expected results for the fourth quarter but provided a weak forecast for 2016. The professional networking service’s adjusted earnings and revenue beat Wall Street’s estimates for the last three months of 2015, thanks to strong demand for its hiring and recruiting software. But it ... Read More »