Autohome Inc., a Chinese automobile information website, jumped in its first day of trading in New York, on prospects the company will benefit from growing vehicle sales in the world’s biggest new car market.
Turkiye Halk Bankasi AS, the largest state-run lender in Turkey, approached advisers for the sale of its Halk Hayat & Emeklilik AS private pension fund and life- insurance unit, three people with knowledge of the matter said.
China’s stocks fell, dragging the benchmark index to its biggest loss in a month, as coal producers retreated and investors speculated the government may cut growth targets at an economic policy meeting this week.
Economist forecasts for Treasury yields at the end of 2014 are the highest since Bloomberg began surveying for the figure in July amid speculation the Federal Reserve will start cutting bond purchases as soon as next week.
Principal Financial Group Inc., the seller of life insurance and retirement products, said it is seeking acquisitions outside the U.S. while share repurchases probably will decline after the stock rallied.
Honed by 15 years of falling consumer prices that burnished the appeal of fixed-income assets in Japan, the Asian nation’s bond buyers are amassing long-term Treasuries as disinflation emerges in the U.S.
India’s main opposition party won the most seats in four of five local elections held over the past month, giving it momentum before a 2014 national poll as voters punished Prime Minister Manmohan Singh’s ruling coalition.