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Lenovo Forges Saudi Alliance With $2 Billion Convertibles Issue

(Bloomberg) Lenovo Group Ltd. plans to sell $2 billion worth of zero-coupon convertible bonds to Saudi Arabia’s sovereign wealth fund, part of a broader strategic pact with the tech-hungry kingdom.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughMortgages Stuck Around 7% Force Rapid Rethink of American DreamIsraeli Airstrike and Egyptia ....

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Chinese Banks Cut Mortgage Reference Rate by Most on Record

(Bloomberg) Chinese banks cut a key reference rate for mortgages by a record amount, a sign that the nation is ramping up support for the property sector in a bid to revive demand. Most Read from BloombergLargest Covid Vaccine Study Yet Finds Links to Health ConditionsCapital One to Buy Discover Financial in $35 Billion DealAmazon Deserves to Be Called Out for Swindling UsersWall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing InStocks Pause Near Record as Traders Await Catalyst: ....

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Premier Li Qiang orders more measures to arrest China's stock rout | Evelyn Yu and Jacob Gu

China’s Premier Li Qiang asked authorities to take more “forceful” measures to stabilize his country’s slumping stock market and investor confidence, after the mainland’s benchmark CSI 300 Index hit a five-year low on Monday. Chinese equities have sold off for most of the past year, hurt by factors ranging from… ....

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China's Bold Stock-Market Rescue Plan Leaves Investors Skeptical

(Bloomberg) China’s boldest plan yet to stem the current stock market rout is facing a wall of skepticism as disillusioned investors say any rebound will prove fleeting without a fundamental fix for its ailing economy. Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionIndia Tops Hong Kong as World’s Fourth-Largest Stock MarketAn Isolated Israel Doubles Down on War in Gaza — At All CostsNetflix Pays $5 Billion for ‘Raw’ in Bet on Live EventsHong Kong Stocks ....

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China's Stock Slump Shows No Signs of Let-Up as Risks Abound

China's Stock Slump Shows No Signs of Let-Up as Risks Abound
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