Hong Kong tycoon Richard Li’s insurer FWD files for long-awaited US IPO
HONG KONG (BLOOMBERG) – FWD, the acquisitive Asian insurer backed by billionaire Richard Li, filed on Thursday (Sept 23) to go public in the United States, confirming an earlier Bloomberg […]
Elon Musk says he will give US$100 million for carbon capture prize
NEW YORK (BLOOMBERG) – Elon Musk said he plans to donate US$100 million (S$132 million) towards a prize for the best carbon capture technology, weeks after he became the world’s […]
Company Briefs Xiaomi
Xiaomi Smartphone maker Xiaomi’s market value has exceeded the US$100 billion (S$133 billion) mark, a figure the firm fell far short of when it listed two years ago. The shares […]