On Thursday, Shares of Alibaba Group Holding Limited (NYSE:BABA), gained 0.08% to $85.24.
Alibaba Group Holding Limited, declared that it filed its annual report on Form 20-F for the fiscal year ended March 31, 2015. The annual report can be accessed under the SEC Filing section on the Company’s investor relations website at http://alibabagroup.com/en/ir/secfilings.
The Company will provide a hard copy of its annual report containing the audited merged financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Alibaba Group, 26/F, Tower One, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong.
Alibaba Group Holding Limited, through its auxiliaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. It operates Taobao Marketplace, an online shopping destination; Tmall, a third-party platform for brands and retailers.
Shares of Vale S.A. (NYSE:VALE), declined -3.75% to $6.16, during its last trading session.
Brazilian miner Vale S.A., could raise about $1.5 billion through the sale of a stake in one of its Brazil-based assets, a senior executive said on Wednesday, according to Reuters.
Vale, the world’s largest producer of iron ore, is scrambling to raise cash to shore up its finances in the midst of a price slump in the raw material. The transaction could be accomplished by the third quarter, Rogério Nogueira, head of investor relations, said at an event in São Paulo. Reuters Reports.
Nogueira also said Vale was considering selling between 25 percent and 30 percent of its base metals division in an initial public offering. The figure is a reduction from the 30 percent to 40 percent the miner said in December it was considering selling. Reuters added.
Vale S.A., together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Its Bulk Material segment produces and extracts iron ore and pellet.
Finally, Morgan Stanley (NYSE:MS), ended its last trade with -1.06% loss, and closed at $39.22.
Morgan Stanley, is calling the top of China’s stock rally, according to Bloomberg.
The brokerage predicts the Shanghai Composite Index will fall between 2 percent and 30 percent over the next 12 months, according to Jonathan Garner, Morgan Stanley’s chief Asia and emerging market strategist. Bloomberg Reports.
A surge in new share sales, weak earnings growth, expensive valuations and “very high” margin debt are Morgan Stanley’s four main concerns about the nation’s stock market. Strategists at BlackRock Inc., Credit Suisse Group AG and Bank of America Corp. last week warned Chinese equities are in a bubble that would burst. Bloomberg added.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The company’s Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, in addition to provides capital raising and corporate lending services.
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