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Alibaba shares close 38 percent above initial asking price on NYSE

London, Sep 20 (ANI): Chinese Internet giant Alibaba’s shares closed significantly above their initial price on the New York Stock Exchange (NYSE) on Friday, ending 38 percent above their initial asking price. Shares in the company made their debut in … Continue reading

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Alibaba surges in Wall Street debut

New York (AFP) – A buying frenzy sent Alibaba shares sharply higher as the Chinese online giant made its historic Wall Street trading debut. Alibaba leapt from an offering price of $68 to $92.07 in the first trades, then headed … Continue reading

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South Africa’s Investec sees stronger H1 earnings

(Adds AFN product code) JOHANNESBURG, Sept 19 (Reuters) – South African investmentbank Investec (LSE: INVP.L – news) expects an improved first halfperformance, boosted mainly by increased assets undermanagement, the company said on Friday. The wealth manager said its asset management … Continue reading

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UK markets welcome Scotland’s rejection of independence

(Updates market prices, adds quotes and context) By Jamie McGeever LONDON, Sept 19 (Reuters) – Investors in British financialmarkets breathed a sigh of relief on Friday, after a Scottishvote against independence spared them prolonged andunprecedented uncertainty that a break up … Continue reading

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Alibaba sets IPO share price, to raise $25 bn

New York (AFP) – Chinese online retail giant Alibaba is poised for a record-breaking stock market debut on Friday, with shares priced at $68 in a public offering that could be valued at $25 billion. The company will step into … Continue reading

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Asian shares follow Wall St higher, pound up on Scotland vote

Asian markets rose Friday following a record close on Wall Street, while the pound rallied against other major currencies after Scottish voters rejected independence from the United Kingdom. The surge in New York — fuelled by the Federal Reserve’s dovish … Continue reading

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Next for Corporate America: Body wires and wire taps?

By Aruna Viswanatha WASHINGTON (Reuters) – Wall Street executives may have personally escaped the wrath of the U.S. Department of Justice but executives at companies accused of foreign bribery schemes may not be so lucky.     Prosecutors say they are … Continue reading

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U.S. retail sales move higher; consumer spirits rise

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales rose broadly in August and consumer sentiment hit a 14-month high in September, supporting expectations for sturdy economic growth in the third quarter. The data on Friday helped ease concerns about … Continue reading

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Alliance Data and Ulta Salon are big market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Alliance Data Systems Corp., up $5.04 to $257.91 The manager of retailers’ credit card and loyalty … Continue reading

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Stocks decline amid interest rate worries

NEW YORK (AP) — The prospect of rising interest rates sent the stock market to its first weekly loss since early August. The Standard Poor’s 500 index fell 11.91 points, or 0.6 percent, to end at 1,985.54 on Friday. The … Continue reading

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