Xiaomi’s Hong Kong IPO raises $4.7 billion after pricing at low end

Xiaomi’s Hong Kong IPO raises $4.7 billion after pricing at low end

Xiaomi Corp. and some existing investors raised $4.7 billion after pricing a Hong Kong initial public offering at the low end of a marketed range, a person with knowledge of the matter said. The Beijing-based smartphone maker priced the sale of 2.18 billion shares at HK$17 each, the person said, asking not to be identified because the details are private. Xiaomi had offered the shares at HK$17 to HK$22 apiece. The pricing values Xiaomi at about $54 billion, roughly half the company’s initial goal. Billionaire George Soros and Chinese investment…

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Cremorne home sells after popular auction

Cremorne home sells after popular auction

No. 50 Ellalong Rd, Cremorne sold for $4.125 million.Source:Supplied THREE families, all with children, traded 46 bids between them on Saturday as the competition was strong for 50 Ellalong Rd, Cremorne. The result ended with the property selling $175,000 above the reserve and CoreLogic shows that the sale price was $4.125 million. Richardson and Wrench Mosman/Neutral Bay selling agent Kirsty Freyer said the result was unexpected, but interest was strong. “It is a beautiful home with a north facing aspect. The large 721sqm block appealed to many,” she said. Built…

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How Puerto Rico’s Fashion Industry Is Reinventing Itself After Hurricane María

How Puerto Rico’s Fashion Industry Is Reinventing Itself After Hurricane María

I can’t pinpoint exactly when I knew that I wanted to work in the fashion industry. Maybe it was when I refused to wear the outfits my mom chose for me, or when I started collecting Teen Vogue and whatever other magazines I could procure in Quebradillas, the town in northwest Puerto Rico where I grew up. Other than what I could distill from those glossy pages (and, later, the style blogs I’d devour online), though, there wasn’t much in my immediate surroundings I could immerse myself in. It wasn’t until I…

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Will Challenge “Illegal Action” In Court, Says Hafiz Saeed After Pak Crackdown

Will Challenge “Illegal Action” In Court, Says Hafiz Saeed After Pak Crackdown

Hafiz Saeed said the Pak government is “taking extreme action against us” to please America and India. LAHORE:  Mumbai attack mastermind Hafiz Saeed has said he will challenge the government’s “illegal” action in the court of law after Pakistan launched a crackdown on seminaries and health facilities run by him. Under pressure to act against banned groups, Pakistan took control of a seminary and four dispensaries run by Saeed-linked Jamaat-ud-Dawa (JuD) and Falah-i-Insaniat Foundation (FIF). According to the interior ministry notification, a copy of which available with PTI, “the federal government…

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Having a baby after 35? Here are 10 important things you need to know

Having a baby after 35? Here are 10 important things you need to know

For women who are older than 35 years, the possibility of complications and high risk during pregnancy is always more. Therefore, even more important is for these women to take care of themselves during pregnancy and labour in order to have a healthy baby and safe childbirth in a natural way. “We must understand that there is a lot of preparation that can help in improving the chances of having a natural childbirth for a pregnant woman. It is important that there is minimal risk of any complications during the…

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Do you feel sleepy after lunch? Here’s what happens to your brain in a sugar coma

Do you feel sleepy after lunch? Here’s what happens to your brain in a sugar coma

Do you feel a little sluggish after eating sugar or a big meal? You are probably feeling the effects of a sugar crash, which may slow down your brain function, a study suggests. In the study, participants demonstrated reduced attention and response times after consuming glucose or table sugar, compared to those who consumed fructose (fruit sugar) or artificial sweetener sucralose (the placebo). “Our study suggests that the ‘sugar coma’ – with regards to glucose – is indeed a real phenomenon, where levels of attention seem to decline after consumption…

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Stress hormones can prevent disorders after a traumatic event

Stress hormones can prevent disorders after a traumatic event

In a recent study, a group of researchers have found that the Ppm1f (Protein phosphatase 1f) gene is altered when exposed to traumatic stress and is associated with posttraumatic stress disorder, depression and anxiety. People who have suffered from traffic accidents, war combat, terrorist attacks and exposure to other traumatic events have an increased likelihood of developing diseases. These diseases can be psychological and physical, such as heart problems and cancer. The current preventive treatments based on psychological support and drugs are effective in some cases. Unfortunately, these treatments do…

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After terrible Tuesday’s downpour, Mumbai experiences a spike in monsoon diseases

After terrible Tuesday’s downpour, Mumbai experiences a spike in monsoon diseases

(Thinkstock) Post the torrential rains on August 29, the city may have bounced back on its feet the very next day. But the woes of many Mumbaikars are far from over. People, especially those who got wet in the rain, waded through flooded streets to get home, or were involved in relief and rescue missions, are experiencing a host of seasonal ailments as an after-effect. Waterborne illnesses such as leptospirosis and gastroenteritis, various forms of hepatitis and even mosquito-borne ailments like chikungunya are on the rise. While every monsoon, there…

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TB pills most effective prior to, not after, food: Research

TB pills most effective prior to, not after, food: Research

TB pills most effective prior to, not after, food: Research In a study that could change the intake schedule of tuberculosis drugs, a group of researchers have found that food reduces the effectiveness of most medicines prescribed as the first line of treatment for the infection. A team from National Institute for Research in Tuberculosis (NIRT) examined 25 TB patients in Chennai who consumed food just before they took their medication.They found significantly lower concentrations of anti-TB drugs and a delay in their absorption. They studied the concentrations of three key first-line drugs: rifampicin, isoniazid and…

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Raghuram Rajan speaks on demonetisation, economy and life after RBI: Full text of interview

Raghuram Rajan speaks on demonetisation, economy and life after RBI: Full text of interview

Economist and former RBI governor Raghuram Rajan speaks to HT about the impact of demonetisation, the benefits of GST, Indians’ knack for ‘jugaad’ and working on building a liberal arts university in India. Q: Many congratulations on your new book. Already a lot of debate has been generated, specifically on demonetisation. I know you want to talk about a lot of things, but a few questions that still remain unanswered… A: That will remain unanswered. Q. You have talked about an RBI note to government on the preparations and the time required for demonetisation. Can you…

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