Business

Vodafone sells Spain unit for up to 5.0 bn euros

British mobile phone giant Vodafone announced Tuesday the sale of its Spanish division to investment fund Zegona for up to 5.0 billion euros ($5.3 billion), as part of an ongoing overhaul.

Business

Alibaba plans to list logistics arm in Hong Kong IPO

Chinese e-commerce giant Alibaba said Tuesday it intends to spin off its logistics arm Cainiao through an initial public offering in Hong Kong as the firm undergoes a massive restructuring.

Business

Arm listing may boost return to IPOs

The initial public offering of British chip designing giant Arm, announced on Monday, could signal a rebound in companies introducing their shares on stock markets after a year of relatively few such listings.

Business

Spotify reports strong user growth, raises prices

Spotify reported Tuesday a bigger-than-expected rise in active users at the end of the second quarter, a day after the music streaming giant announced price increases for its premium service.

Business

Apple hits historic $3 trillion milestone

Apple Inc. made Wall Street history as the first company with a market value over $3 trillion, the latest sign of big tech's seemingly unstoppable dominance in equity markets.

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