Twitter raises its IPO to $25 a share

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Source: Bloomberg
© Scanpix/AP
Twitter Inc. is likely to price its initial price offering at a higher valuation than initially expected making it more expensive than its rival with 5 times as many users, Facebook. The microblogging company Twitter increased its IPO to $23 to $25 a share making a top of the range market capitalization of $13.6 billion valuating the company 11.8 times its 2014 estimated sales.

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Tue, 05 Nov 2013 10:51:04 GMT

Emerging-market equities slide as Indian stocks fall

Emerging-market shares declined on Tuesday and were poised to record the longest losing streak in a five-week period mainly due to a fall of Indian stocks and as China's lenders shrank amid concerns that government may cut industrial overcapacity curbing earnings. The MSCI Emerging Markets Index slipped 0.3% to 1,023.89 as of 2:47 p.m. Hong Kong time.

Tue, 05 Nov 2013 10:29:04 GMT

South Korean bonds drop as Fed may scale back

South Korean bonds declined on Tuesday falling for a fourth session and pushing yields due in 2016 towards the highest level in three weeks amid concerns that emerging-market demand may be reduced by the Federal Reserve decision to scale back its stimulus. The government's 2.75% bonds due June 2016 jumped two basis points to 2.89%, the most since October 14.

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