Japanese wireless giant SoftBank said it expected a gain of Y500 billion ($A5.28 billion) from its stake in Chinese e-commerce powerhouse Alibaba Group Holding Ltd's historic initial public offering of shares on the New York Stock Exchange, or NYSE.
According to Adam Sarhan, founder and CEO of Sarhan Capital of New York, �For the past few years, the U.S. dollar has been trading in a relatively quiet trading range.
Selling small-caps to grab after Alibaba shares contributes to the weakness in the group. Email; Print; Comments; Order Reprints. Facebook.
The pharmaceutical company Horizon Pharma plc has incorporated itself overseas in Ireland, following its $600 million acquisition of Vidara Therapeutics International plc.
Siemens is expected to pay more than $6 billion in cash, or more than $80 a share, for the Houston-based company, people familiar with the deal said.