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China’s Victory Giant Launches $2.23 Billion Hong Kong Share Sale

Key Points: Victory Giant plans to raise to $2.23 billion in a massive Hong Kong share offering. The printed circuit board maker will use 74% of the new funds to expand its Chinese factories. High-profile cornerstone investors agreed to buy almost $997 million of the newly issued shares. The massive deal tests the strength of...

Oil Prices Surge Past $100 as US Navy Blockades Strait of Hormuz

Key Points: Global oil prices spiked past $100 per barrel after peace talks between the United States and Iran collapsed. Brent crude futures jumped nearly 8% to hit $102.80, while US West Texas Intermediate soared to $104.88. President Donald Trump ordered the US Navy to blockade all maritime traffic moving in and out of Iranian...

Bitcoin Surges Near $73,000 as US and Iran Plan Peace Talks

Key Points: Bitcoin prices climbed 1.7% to $73,061.2, putting the cryptocurrency on track for a massive 9% weekly gain. The United States and Iran plan to hold peace talks in Pakistan despite ongoing disagreements over the Strait of Hormuz. Consumer prices jumped 0.9% in March because gasoline costs surged 21.2% during the Middle East conflict....