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LG Electronics India shares surge 50% on market debut after bumper IPO

LG Electronics India shares surge 50% on market debut after bumper IPO

LG Electronics India is seeking a valuation of up to 774 billion rupees ($8.71 billion) in its long-delayed initial public offering, tapping into a bustling IPO market with one of India’s largest offerings so far this year. Nurphoto | Nurphoto | Getty Images LG Electronics India’s shares surged 50% on their market debut Tuesday, after the company’s initial…

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U.S. supply chain faces another tariff headwind ahead of new port fees

U.S. supply chain faces another tariff headwind ahead of new port fees

With less than 24 hours ahead of new U.S. government port fees on Chinese-made freight vessels, importers are grappling with additional tariffs that include other Chinese-made machinery key to the supply chain. On Friday, the U.S. Trade Representative announced modifications following a review of public comments on the prior rule, which include an additional 150% tariffs…

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