Hong Kong Stock Exchange (HKEx) News

South Africa's Naspers rules out $114 billion Tencent stake spin-off

South Africa's Naspers rules out $114 billion Tencent stake spin-off

South Africa’s Naspers (NPNJn.J) does not plan to spin off its $114 billion stake in Tencent, its boss said on Monday, a push back against investors urging a break-up to close a widening discount between its market value and that of its one-third stake in the Chinese internet company.

Ivorian Tidjane Thiam lined up to become Credit Suisse's next CEO, in graceful exit from the helm of Prudential

Ivorian Tidjane Thiam lined up to become Credit Suisse's next CEO, becoming 2nd black CEO to lead global bank

Tidjane Thiam, the current chief executive of Britain’s Prudential insurance group, has been lined up to replace Brady Dougan at the helm of Credit Suisse, according to people briefed on the plan.