Xiaomi Shares Slide 7.1% After Finalising $3.9 Billion in Equity Deal | Technology News

HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp’s shares fell 7.1% in Hong Kong trading on Wednesday as the company finalised a $3.91 billion capital raising that included the city’s largest top up placement.

The company said 1 billion shares were sold at HK$23.70 each as part of the top up deal that was carried out overnight. The final price was a 9.4% discount to Xiaomi’s closing price of HK$26.15 on Tuesday.

Trading of Xiaomi’s stock was halted during the morning session before the company released details of the capital raise during Hong Kong’s lunch break, when trading is stopped for an hour.

It had been expected that details of the deal would be announced before the start of the trading day in line with normal market practices.

Xiaomi did not immediately respond to a Reuters request for comment on why the deal was not announced until lunchtime.


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EMERGING MARKETS-Indonesia shares gain on rate cut hopes, broader optimism

    * Graphic: World FX rates tmsnrt.rs/2egbfVh
    * Graphic: Foreign flows into Asian stocks tmsnrt.rs/3lKhL5I
    * S.Korean won hits near 2-1/2 year high
    * Thai baht at highest since Nov. 19

    By Shashwat Awasthi
    Dec 2 (Reuters) - Indonesian stocks climbed on Wednesday as
markets weighed the chances of further policy easing by its
central bank, while hopes forcoronavirus vaccines and fresh
stimulus in the United States buoyed broader risk sentiment.
    Emerging Asian currencies firmed as the U.S. dollar's index
against major currencies sank to a more than
two-and-a-half year low, and regional equities maintained their
bright start to December after blistering gains last month.
    Shares in Jakarta inched close to a more than
nine-month high. Data released Tuesday showed core inflation
eased in November and annual inflation remained below Bank
Indonesia's (BI) target range.
    "We believe that BI will be open to slashing borrowing costs
further, likely in early 2021, 
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Market America | SHOP.COM Shares Details On How It Pioneered Technology To Redefine Virtual, Global Events

GREENSBORO, N.C., Dec. 1, 2020 /PRNewswire-PRWeb/ — Market America| SHOP.COM, a global product brokerage and internet marketing company that specializes in one-to-one marketing, may have recently held the world’s first truly virtual and interactive global event, in large part, due to the unforeseen global pandemic. Traditionally, Market America | SHOP.COM holds its annual International Convention in Greensboro, N.C., where the company’s global headquarters is based. It is during this event that thousands upon thousands of entrepreneurs from around the world make Greensboro their destination of choice for several days each summer. They fill the seats in the Greensboro Coliseum to hear about the latest science-based products that are being launched, take part in various key training sessions and spend time with their Market America family — colleagues and friends they have made over the years as individual business owners, known as UnFranchise® Owners.

This year, however, COVID-19 changed

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Veeva Systems fiscal Q3 revenue and earnings top expectations, forecast higher as well, shares sag

Shares of life-sciences cloud software provider Veeva Systems traded down by 3% in late trading Tuesday despite the company reporting fiscal Q3 revenue and profit that comfortably topped expectations, and despite a forecast for next year’s revenue that was also above Street consensus.  

CEO Peter Gassner led his prepared remarks with an acknowledgement of Veeva customers that he said “are delivering innovations that will have positive, lasting impacts on human health.”

“We are proud to work with these amazing companies,” said Gassner, “providing solutions that streamline drug development and enable them to support healthcare providers on the front lines.”

Newly installed CFO Brent Bowman said he was “very pleased” with the financial results. Bowman added that Veeva “plan to continue investing aggressively to hit our 2025 targets and drive a long runway of growth beyond.”

For the three months ended in October, Veeva reported $377.5 million in revenue, up 34%,

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BlackBerry shares rocket upwards on AWS deal to integrate sensor data in vehicles

BlackBerry shares shot up in early trading on news that the company will partner with Amazon Web Services to jointly develop and market its vehicle data integration and monitoring platform, IVY.


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BlackBerry stock was up 35% or $2.11 at the opening bell on the New York Stock Exchange. It’s a sign of both the potential market for smart vehicle services and the ability of Amazon businesses to turn boost the fortunes of businesses with its attention.

The former undisputed heavyweight of the smartphone market, BlackBerry has transformed itself into a provider of business security and information integration services and it’s through this transformation that the company attracted the attention of Amazon’s web services business.

The companies first announced a collaboration in the pre-pandemic January of 2020 when BlackBerry said it would collaborate with AWS on connected vehicle safety and security services for in-vehicle applications.

Around 175 million vehicles

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Skandinaviska Enskilda Banken AB publ Sells 4,969 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Skandinaviska Enskilda Banken AB publ lowered its position in The Liberty SiriusXM Group (NASDAQ:LSXMK) by 9.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,286 shares of the technology company’s stock after selling 4,969 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in The Liberty SiriusXM Group were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clear Harbor Asset Management LLC bought a new stake in shares of The Liberty SiriusXM Group during the third quarter valued at approximately $26,000. Flagship Harbor Advisors LLC raised its stake in The Liberty SiriusXM Group by 72.0% in the second quarter. Flagship Harbor Advisors LLC now owns 2,048 shares of the

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Global Wearable Technology Materials Market 2020 Report Presents Complete Summary, Marketplace Shares and Growth Opportunities by 2026

The MarketWatch News Department was not involved in the creation of this content.

Nov 29, 2020 (CDN Newswire via Comtex) —
MarketsandResearch.biz has announced a new market research study namely Global Wearable Technology Materials Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2026 that presents a detailed explanation about the fundamental attributes of the industry and prospects through different angles. The report provides an excellent vision to analyze the global Wearable Technology Materials market through graphical as well as a diagrammatic representation. The report contains the important achievements of the market, research & development, new product launch, product responses, and regional growth of the leading competitors operating in the market. The research helps you determine commanding segments and know distinct factors, and the scope of different segments and applications that can potentially influence the global market in the future has been analyzed further in the report.

The market

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These ASX tech shares have been tipped for big things

The Australian tech sector is home to a large number of companies with the potential to grow strongly over the 2020s.

digital screen of bar chart representing asx tech shares

© Provided by The Motley Fool
digital screen of bar chart representing asx tech shares

Two that have been delivering on expectations in recent times are listed below. Here’s why they have been tipped to continue this strong form in the future:

Damstra is a growing integrated workplace management solutions provider. Its popular cloud-based workplace management platform is used by businesses globally to track, manage, and protect their workers and assets. In FY 2020, Damstra was on form and delivered a 47% increase in revenue to $23.5 million. This was underpinned by strong demand from existing customers and a jump in new customers.

This positive form has continued in FY 2021. During the first quarter, the company reported record revenue, cash receipts, and operating cash flow. In light of

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European shares flat as virus woes, economic risks weigh

(Reuters) – European shares were little changed on Thursday as an extension of coronavirus restrictions in Germany and a grim growth forecast for the United Kingdom brought the focus back to the economic impact from the COVID-19 pandemic.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 25, 2020. REUTERS/Staff

The pan-European STOXX 600 index was flat at 0920 GMT, with gains in tech and healthcare stocks offset by declines in the autos and energy sectors.

A second wave of COVID-19 infections swept across Europe last month, prompting Germany, France and the United Kingdom to once again impose tough lockdown measures, dealing a heavy blow to business activity as restaurants, gyms and shops remained closed.

The benchmark STOXX 600 index is however still on course for its best month on record and market participants expect European equities to touch record

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Japan shares end at over 29-1/2-year high as Nasdaq gains cheer tech stocks

TOKYO, Nov 26 (Reuters) – Japanese shares closed at a more than 29-and-a-half-year high on Thursday, as tech shares tracked overnight advances on the U.S. Nasdaq, but worries over latest coronavirus restrictions at home hindering economic recovery capped gains.

The Nikkei share average ended up 0.91% at 26,537.31, its highest closing level since April 1991. There were 101 advancers on the index against 118 decliners.

The broader Topix added 0.6% to 1,778.25.

Telecommunications, precision instruments and electric appliances were among the top sectoral performers on the main bourse, up between 1.51% and 1.79%.

The market opened on a weak note, but quickly reversed course as tech-related shares advanced and investors snapped up bargains, supported by the tech-heavy Nasdaq closing 0.47% higher overnight.

Sentiment was also supported by other Asian peers and e-mini futures, which was last up 0.26%, a market participant said.

Video games developer Nintendo was among top 30

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