Cyclical Consumer Goods

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UPDATE 1-Weibo valued at $3.46 bln after bottom-end IPO pricing

* Originally planned to sell 20 mln ADSs at $17-$19/shr (Adds IPO details, background)

Regulatory News, IPOs 8:52am IST

China releases blogger on bail, jails another amid rumour crackdown

BEIJING, April 17 - A Chinese-American venture capitalist known for his controversial blogs has been released on bail after nearly eight months in detention because of a "serious illness", Beijing police said amid a crackdown on online dissent.

8:48am IST

GLOBAL MARKETS-Asian stocks struggle higher, lack conviction

SYDNEY, April 17 - Asian share markets eked out gains on Thursday as dovish comments from the head of the U.S. Federal Reserve combined with an upbeat economic assessment from the central bank to lift Wall Street for a third straight session.

7:56am IST

Weibo prices IPO at $17/ADS - underwriter

April 16 - China's Weibo Corp priced its initial public offering at $17 per American Depositary Share at the bottom of its planned range, an underwriter told Reuters, valuing the microblogging service at $3.46 billion.

Regulatory News, IPOs 7:24am IST

UPDATE 2-Sony sells more than 7 million PlayStation 4 consoles

(Adds comparisons with PS3 and Xbox One sales, details about software, in paragraphs 1, 3-7)

7:15am IST
BSE OIL & GAS +0.56%
BSE BANKEX +0.35%
BSE-IT -0.39%
BSE METALS +0.68%
BSE REALTY +1.02%
BSE AUTO +0.90%
BSE POWER +0.50%
BSE-FMCG +0.27%
BSE-CG -0.16%
BSE-HC +0.42%

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