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Company News Headlines

Iran says navy mounts new defence system on warship

Iran's navy has mounted a locally built advanced defensive weapons system on one of its warships for the first time, the Iranian navy chief was quoted as saying on Saturday, as tensions mount with the U.S. military in the Gulf.

Brazil card processor Stone hires banks for IPO -sources

Brazilian credit card processor Stone Pagamentos SA has hired Goldman Sachs & Co , JPMorgan Chase & Co and Citigroup Inc as lead managers for a hoped-for New York initial public offering, three people with knowledge of the matter said on Friday.

Tencent-backed Qutoutiao files for U.S. IPO

Chinese content aggregator Qutoutiao Inc, which is backed by technology giant Tencent Holdings Ltd , filed for an initial public offering of up to $300 million with the U.S. Securities and Exchange Commission on Friday.