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☆ Ambani's Reliance Jio IPO set for 2025, retail debut much later, sources say
▼ + stars: | 2024-11-04 | by ( ) www.cnbc.com time to read: +2 min

Reliance Industries' boss Ambani hasn't updated his IPO timelines after saying in 2019 that Reliance Jio and Reliance Retail would "move towards" a listing within five years. The two sources said Reliance has now firmed up plans to launch the Reliance Jio IPO in 2025 as it internally believes it has achieved a stable business and revenue stream in becoming India's No. But the retail business IPO is not expected until after 2025 as the company first needs to address some internal business and operational challenges, said the first source. Reliance Jio is set to lock horns with Elon Musk if he launches his Starlink internet service in India, and Jio, which is also backed by Google and Meta, has partnered with Nvidia to develop AI infrastructure. Reliance, however, aims for the 2025 Jio IPO to be India's biggest ever, overtaking Hyundai India's record $3.3 billion IPO this year, said the first source.

Persons: Mukesh D, Ambani, Ajay, Mukesh Ambani, Ambani hasn't, Elon Musk, Jefferies Organizations: Reliance Industries Ltd, Reuters, Reliance Industries, Reliance, KKR, General, Abu Dhabi Investment Authority, Google, Nvidia, Hyundai Locations: New Delhi, India, Mumbai, General Atlantic, Abu Dhabi

☆ CME debuts offshore yuan options to tap rising trading demand
▼ + stars: | 2023-04-02 | by ( Georgina Lee | ) www.reuters.com time to read: +2 min

HONG KONG, April 3 (Reuters) - Chicago's CME Group (CME.O) opened options trading for Chinese yuan futures on Monday, as it looks to deepen a market that investors use for betting or hedging against moves in China's currency. Hong Kong has offered similar exchange-traded options since 2017, though bringing the product to CME - the world's biggest derivatives exchange - may be a step toward competing with the banks that dominate options by selling directly to customers. "We hope to see liquidity develop there that's comparable to the over-the-counter market," said Tim Brooks, London-based head of FX options at Optiver, which will deal in the new CME derivatives. The CME options have a range of expiry dates from weekly, to monthly or a year and are based on futures contracts with a notional amount of $100,000. CME is a much smaller yuan-trading hub than Hong Kong.

Billionaire money manager Bill Ackman went public last week with his wager that the days of the Hong Kong dollar's 39-year-old peg to the U.S. dollar are numbered. "For me, the Hong Kong dollar peg is like a delayed, or lagging bet against China," said Diego Parrilla, who runs Quadriga Igneo, a $240 million fund designed to profit from market turmoil. The Hong Kong dollar has been pegged in a tight band between 7.75 and 7.85 per greenback for nearly four decades. In the short-term, the market is moving against this style of trade as local interest rates and the Hong Kong dollar go up. "The far forwards market still prices in higher U.S. rates than Hong Kong rates," said Mukesh Dave, founder and CIO at Aravali Asset Management in Singapore, which in theory ought to contain gains in the Hong Kong dollar.

☆ Topul celor mai bogați oameni din lume în anul 2021, conform revistei Forbes
▼ + stars: | 2021-04-07 | by ( Onixmedia Srl | ) diez.md time to read: +5 min

Așadar, mai jos găsiți topul celor 10 miliardari care sunt considerați cei mai bogați oameni din lume în anul 2021. Acum, acesta este directorul general al companiei și deține 16 % din aceasta. Studii: Bezos este licențiat în „Arte și Științe”, Universitatea Princeton din SUA. Cu toate acestea, și-a pierdut interesul pentru educație și a renunțat la universitate după un semestru. Studii: este licențiat în „Arte și Științe” la Universitatea Michigan, are un masterat în științe la Universitatea Stanford.

Persons: Jeff Bezos, Elon, Musk, Tesla, Bernard Arnault, Louis Vuitton, Bill Gates, Paul Allen, Mark Zuckerberg, Mark Elliot Zuckerberg, Warren Buffett, Berkshire Hathaway, Buffett, Larry Ellison, Lawrence Joseph Ellison, Larry Page, Sergey Brin, Lawrence Edward, Larry, Page, Mukesh Organizations: Forbes, Universitatea Princeton, Universitatea Pennsylvania, Politehnică, École, Microsoft Corporation, Microsoft, Facebook, Harvard, Universitatea din, Universitatea Columbia, Oracle Corporation, Google, Universitatea, Universitatea Stanford, Universitatea Maryland, Reliance Industries Locations: Amazon, SUA, francez, Paris, Seattle, Harvard, american, Berkshire, Omaha, Nebraska, Universitatea din Nebraska, americană, Universitatea din Chicago, Universitatea Michigan, Rusia, Ambani, indian, Reliance, India, Universitatea din Mumbai

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