On Friday, Shares of JD.Com Inc(ADR) (NASDAQ:JD), gained 0.83% to $32.65.
Rakuten, Japan’s e-commerce market leader, and JD.com (JD), declared the signing of a contract to establish a Rakuten online flagship store on JD Worldwide, JD.com’s cross-border platform.
With the aim of bringing the best Japanese products to Chinese consumers, Rakuten launched a beta version of a new online marketplace on JD Worldwide this month. Plans are underway to expand the merchandise range over time, with an initial focus on categories such as cosmetics, snacks and health food products.
Masato Takahashi, Managing Executive Officer of Rakuten, said, “The new partnership between Rakuten and JD.com will promote cross-border trade by connecting Chinese consumers with authentic and popular Japanese products from a top selection of Rakuten’s merchants from around Japan, both small and large. Rakuten will continue to work to expand our offering to Chinese consumers.”
JD.com, Inc., through its auxiliaries, operates as an online direct sales company in the People’s Republic of China. It primarily offers electronics and home appliances products; and general merchandise products, counting audio and video products, and books.
Shares of Transocean LTD (NYSE:RIG), declined -5.77 % to $12.25, during its last trading session.
Transocean Ltd., declared that the SIX Swiss Exchange (“SIX”) approved the company`s application to delist its shares. The SIX delisting is effective March 31, 2016, with the last trading day planned for March 30, 2016.
Transocean remains incorporated in Switzerland and the company`s shares will continue to be listed and traded on the New York Stock Exchange.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services. As of February 17, 2015, it owned or had partial ownership interests in, and operated 71 mobile offshore drilling units that comprise of 44 high-specification floaters, 17 midwater floaters, and 10 high-specification jackups.
Finally, Lloyds Banking Group PLC (ADR) (NYSE:LYG), ended its last trade with -0.70% loss, and closed at $4.26.
For the first six months of 2015, it looked as if Lloyds’ (LSE: LLOY) shares were set to hit 100p, as the bank seemed to be nearing the final stages of its recovery. Indeed, between January and the middle of May, Lloyds’ shares jumped by nearly 20%, leaving the wider FTSE 100 trailing behind.
However since May, analysts and investors have started to question the durability of Lloyds’ recovery. Analysts have marked down their forecasts for growth and investors have begun to take profits.
What’s more, in addition to the above factors, the government’s decision to offload the remainder of its stake in Lloyds has weighed on the bank’s shares. With investors deserting Lloyds, shares in the bank have dropped 21% from their May highs and are now down 9.4% on the year, not taking into account dividends.
Lloyds Banking Group plc provides a range of banking and financial services to individuals and businesses in the United Kingdom and internationally. The company operates through five segments: Retail, Commercial Banking, Consumer Finance, Insurance, and TSB.