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Alibaba to raise up to $5bn in dollar bond

Alibaba to raise up to $5bn in dollar bond

Alibaba will raise up to $5bn from international debt markets this week, in what is set to be one of China’s biggest dollar bond sales, even as regulators pursue the technology group for alleged anti-competitive practices.The Chinese ecommerce group, which was founded by billionaire entrepreneur Jack Ma, announced the bond sale one month after proposals for the issue were first reported. Alibaba had previously been considering a bond sale of between $5bn and $8bn.The planned fundraising followed Alibaba’s latest earnings report on Tuesday, in which the group posted a 37 per cent year-on year-increase in revenue for the quarter that…

Red flag raised over possible link between private jet use and passport issuance

Civil aviation officials confirmed Thursday that a presidential flight to the Seychelles took place in August 2015, but could not say whether President Nicos Anastasiades himself was on board - with the case linked to speculation about Anastasiades' ties to a Saudi businessman granted Cypriot citizenship same year. Speech in Parliament, officials were asked about an August 3, 2015 flight departure from Larnaca airport at. 7 and on the way to the Seychelles. According to logs, the flight was designated the '1' code assigned to a presidential flight or to the head of state. The Boeing 767-200's registration code was…

Moment fashion mogul Peter Nygard sees girl, 17, dancing on his private jet stripper rod before going to ‘orgy cabin’

SECRET video shows scandalous tycoon Peter Nygard seeing a 17-year-old girl dancing around a stripper on his private jet. The fashion mogul is seen looking at the girl as he sits in a chair, and footage also shows the plane's 'orgy room', where he allegedly wants to invite girls for sex. 6Peter Nygard sees the girl dancing Credit: CBC6The 79-year-old is facing charges in the United StatesCredit: Getty Images - GettyThe 79-year-old Nygard was arrested in his home country Canada late last year after US authorities accused him of sex trafficking after he allegedly abused girls as young as 14…

Markets newest: Ribbit Capital backs Robinhood’s $1bn convertible debt concern

Markets latest: Ribbit Capital backs Robinhood’s $1bn convertible debt issue

Henry Sanderson The value of silver rose by 4 per cent on Friday, a day after a person on Reddit’s WallStreetBets discussion board urged individuals to purchase shares in a number one silver exchange-traded fund to create a “brief squeeze” out there. The value of silver rose to $27.4 an oz. in morning buying and selling, following a 6 per cent rise within the shares of the iShares Silver Belief on Thursday. On Thursday person u/TheHappyHawaiian stated shopping for shares within the ETF would “drive bodily supply of silver” into its vaults, thereby inflicting a “brief squeeze” in the marketplace,…

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