Casino operator Red Rock expects to raise $569 mln in IPO April 15- U.S.-based casino operator Red Rock Resorts Inc plans to raise as much as $569 million in an initial public offering. The company expects the offering of 27.1 million class A shares to be priced at $18- $21 per share, it said in a regulatory filing on Friday. Red Rock said it had applied to list its shares on the Nasdaq under the symbol "RRR".
What China GDP means for the PBOC Liquidity-boosting measures such as RRR cuts can help the overall economy, argues Mitul Kotecha, head of Asia FX and rates strategy at Barclays.
UPDATE 1-HK overnight yuan rates go negative as bears exit short positions, RRR bites SHANGHAI/ HONG KONG, March 31- The overnight offered rate for offshore yuan plunged to -3.725 percent on Thursday, the first time it has quoted in negative territory, with some analysts saying the slide showed investors short on offshore yuan were quitting their positions in a hurry. If true, it would mark a victory for the People's Bank of China in its war against...
| By: Pete Sweeney and Umesh Desai