SINGAPORE/AMSTERDAM (Reuters) – Low yields at home are sending some previously shy European investors into Asia’s credit markets, money managers say, lured by the promise of higher returns and a hope that rebounding economies can hold defaults at bay. Unlike i... More »
DUBAI (Reuters) – Saudi information security company Elm is to acquire digital services company Tabadul from Saudi Arabia’s sovereign wealth fund, Elm said in a statement on Sunday. The Public Investment Fund (PIF) also owns Elm and was considering an initial ... More »
(Reuters) – Pershing Square Tontine Holdings Ltd, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public offering by $1 billion to $4 billion, the largest ever IPO by a special purpose acquisition compa... More »
LONDON (Reuters) – British low-cost airline easyJet (EZJ.L) said in a regulatory filing on Tuesday that the Haji-Ioannou family now hold under 30% of the company. Stelios Haji-Ioannou founded easyJet, and along with family members remains its biggest sharehold... More »
(Reuters) – Online used car seller Vroom Inc raised $467.5 million in its U.S. initial public offering, the company said on Monday, as the IPO market picks up momentum after the COVID-19 pandemic placed many debuts on hold. Vroom priced its IPO at $22, above t... More »
OSLO (Reuters) – Norwegian Air (NWC.OL) shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more cash from its owners. The approval follows w... More »
BRUSSELS (Reuters) – European Union countries on Thursday evening agreed the emergency credit lines from the euro zone’s bailout fund “will be available until COVID-19 crisis is over”, a draft of their deal read. Afterwards, euro countries should remain commit... More »
BRUSSELS (Reuters) – The European Commission supports all tools that would help mitigate the negative impact of the coronavirus epidemic on the EU economy, the EU executive arm said on Friday when asked about discussions to deploy the euro zone bailout fund to... More »
PARIS (Reuters) – French telecoms and media group Iliad formally launched on Monday its previously announced plan for a 1.4 billion euros ($1.6 billion) capital increase, which will be used to finance a share buyback offer. Iliad, which runs the Free telecoms ... More »
DUBAI (Reuters) – State-owned oil company Saudi Aramco said on Sunday it had exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion. Aramco initially raised a $... More »
LONDON (Reuters) – British online grocer and technology company Ocado has launched a 500 million pounds ($642 million) convertible bond offering, partly to fund the construction of robotic warehouses for its overseas partners, it said on Monday. While Ocado’s ... More »
DUBAI (Reuters) – Saudi Aramco met investors in Dubai on Sunday to market its initial public offering (IPO), after trying to secure demand from Kuwait’s sovereign wealth fund for the deal, worth up to $25.6 billion, which relies heavily on local and regional b... More »
RIYADH (Reuters) – Saudi Aramco’s weighting in Saudi Arabia’s main stock index once the oil giant has listed shares is not expected to breach the maximum limit set by the Gulf kingdom’s Tadawul exchange, a senior executive said on Sunday. “There is a ceiling f... More »
RIYADH (Reuters) – Saudi Arabia’s central bank is monitoring banking indicators on a daily basis and is not seeing any impact on liquidity from oil giant Aramco’s initial public offering (IPO), its governor said on Sunday. Saudi Arabian Monetary Authority gove... More »
BEIJING (Reuters) – New bank loans in China fell more than expected to the lowest in 22 months in October, but the drop was likely due to seasonal factors and policymakers are still expected to ramp up support for the cooling economy in coming months. Chinese ... More »
DHAHRAN, Saudi Arabia/DUBAI (Reuters) – Saudi Arabia’s giant state oil company finally kick-started its initial public offering (IPO) on Sunday, announcing its intention to float on the domestic bourse in what could be the world’s biggest listing as the kingdo... More »
DUBAI (Reuters) – Aramco, as Saudi Arabian Oil Co is usually known, is set to add another superlative to the list: the world’s most valuable listed company. The sprawling state-owned oil giant announced on Sunday its intention to float on the Riyadh stock mark... More »
(Reuters) – Short-term home rental company Airbnb Inc is set to hire Morgan Stanley and Goldman Sachs Group Inc as joint lead advisers on its planned stock market flotation next year, people familiar with the matter said on Wednesday. The appointments would re... More »
(Reuters) – Office-sharing startup WeWork is pressing ahead with plans to go public despite lukewarm interest in its shares, three sources said, leaving its largest investor, SoftBank Group (9984.T), with a stark choice: take a haircut or pony up even more cas... More »
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp said on Friday it had scrapped a mainland share offering plan in order to focus on its business development. The company filed an application for a public offering of China depositary receipts (CDRs) i... More »
HONG KONG (Reuters) – Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd (BABA.N) on the timing of its planned $15 billion listing in the city, with sources saying China’s biggest e-commerce company is now considering several timeta... More »
(Reuters) – Shared office space manager WeWork Cos is looking to raise $3 billion to $4 billion in debt before it goes public, a person familiar with the matter said on Sunday, a move aimed to fuel investor confidence in the company. The potential debt offerin... More »
HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. Ren’s downbeat assessment that the ban will hit reven... More »
SYDNEY (Reuters) – Australia’s banking watchdog on Friday said it had imposed stricter licensing conditions on AMP Ltd’s pension fund units following concerns regarding its compliance with superannuation laws, sending its shares down more than 4%. The move com... More »
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc said it owned $860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos. The size of the investment ... More »
DUBAI (Reuters) – Saudi Technology Ventures (STV) said on Tuesday Uber’s deal with Careem will help the Middle East ride hailing firm expand its customer base even further and continue to develop the regional economy. STV is a Careem investor and participated ... More »
(Reuters) – Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, according to people familiar with the matter. Lyft will b... More »
(Reuters) – A group of investors has called on Lyft Inc’s board to scrap a proposed dual-class share structure, as the ride hailing company pitches its initial public offering to investors next week, the Financial Times reported on Saturday. San Francisco-base... More »
STOCKHOLM (Reuters) – Electric scooter sharing firm VOI Technology has raised $30 million in another fundraising round since being set up seven months ago for its European expansion and investment in research to fend off growing competition, it said on Monday.... More »
SHANGHAI (Reuters) – Chinese asset managers are rushing to set up funds targeting Shanghai’s upcoming Nasdaq-style technology board, in a race likely to fuel concern that China’s speculative trading culture could lead to more price bubbles. Applications from m... More »
NEW YORK (Reuters) – U.S. pension funds are projected to shift $12 billion into bonds from stocks in a rebalancing of their investments at the end of January, amid a rebound in the stock market following a sharp sell-off in late 2018, Wells Fargo Securities an... More »
PARIS (Reuters) – The French government will not put off planned asset sales aimed at financing an innovation fund, French Finance Minister Bruno Le Maire said on Monday. The French media has recently raised the possibility that plans to sell down stakes in ai... More »
LONDON (Reuters) – France’s response to “yellow vest” protests could be a turning point for euro zone bond markets if it kicks off an era of increased public borrowing in the bloc and loads additional debt on to a market already nervous over the removal of ECB... More »
NEW YORK (Reuters) – Amazon.com Inc (AMZN.O) shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. Bez... More »
TOKYO (Reuters) – SoftBank Group Corp (9984.T) is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO – a share sale widely regarded as finalizing the group’s transition from domestic telco to a monolithic global tech investor. Telco uni... More »
NEW YORK/SAN FRANCISCO, (Reuters) – Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial ... More »
OSLO (Reuters) – Norway’s Ultimovacs plans to raise around 700 million Norwegian crowns ($82 million) in an initial public offering in early 2019 to help fund the development of its immunotherapy cancer drug. “Our main investors are positive and will take a si... More »
HONG KONG (Reuters) – Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below expectations of the financial technology company, people with direct knowledge of the matter told Reuters. The fundrais... More »
MILAN/NEW YORK (Reuters) – U.S. fund Pacific Investment Management Co (Pimco) has bought all of a $3 billion, five-year bond offered with a hefty return by Italy’s top bank UniCredit (CRDI.MI) to comply with capital buffer rules, two sources familiar with the ... More »
(Reuters) – Papa John’s International Inc (PZZA.O) on Sunday adopted a shareholder rights plan, or a “poison pill”, with a 15 percent trigger to deter existing stockholders from amassing a controlling stake in the company. The company also declared a dividend ... More »
JERUSALEM (Reuters) – Israel’s Together Pharma said on Tuesday it will set up a new company with Premier Dead Sea to sell cosmetics based on cannabis and Dead Sea minerals. The firm said the products would be based on CBD, or Cannabidiol — a constitute of the ... More »
LONDON (Reuters) – Shares in lender CYBG rose as much as 3 percent on Monday after it announced a revised bid for rival Virgin Money (VM.L), increasing the likelihood of a deal that would create a new competitor to Britain’s biggest banks. CYBG, owner of Clyde... More »
HONG KONG (Reuters/IFR) – Chinese smartphone and connected device maker Xiaomi plans to raise up to 30 percent of its blockbuster $10 billion IPO by selling shares in mainland China while offering the remainder in Hong Kong, said people with knowledge of the m... More »
(This version of the story corrects end-March soured loan level to 20.5 percent (not 24.6 pct) in para. 10) MILAN (Reuters) – Italy’s third largest bank, Banco BPM, is looking to sell part of its debt servicing unit as it strives to meet its bad-loan reduction... More »
HONG KONG (Reuters) – Two Chinese bitcoin mining equipment makers plan to raise up to $1 billion each from Hong Kong listings this year, riding on strong global interest in cryptocurrencies, IFR reported on Tuesday, citing people familiar with the plans. Canaa... More »
(Reuters) – Elon Musk-led SpaceX Corp is raising $507 million in a new round of funding, valuing the company at around $26 billion, according to a filing seen by Reuters. New articles of incorporation filed by the company last week and sent to Reuters by priva... More »
NEW YORK (Reuters) – The junk bond rally may be over, but investors should not expect a sharp unraveling. Low supply in new high-yield bond offerings has kept prices afloat despite persistent investor outflows. High-yield bond funds have had net outflows in 10... More »
UBS has told staff that it is "business as normal", after the Swiss bank revealed on Friday it is fighting an 18-month suspension in Hong Kong from leading initial public offerings (IPOs). More »
FILE PHOTO – The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White/File Picture NEW YORK (IFR) – Uber is bringing its disruptive force to the leveraged loan market, approaching institutional investors directly on a new debt sale. ... More »
The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is investigating Overstock.com Inc’s (OSTK.O) sa... More »
FILE PHOTO: Berkshire Hathaway CEO Warren Buffett visits the BNSF booth before the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S., May 6, 2017. REUTERS/Rick Wilking/File Photo NEW YORK (Reuters) – Below is a selection of comments from Warren Buffet... More »
NEW YORK (Reuters) – A company behind U.S.-based funds tied to Wall Street’s “fear gauge” is making changes to its investment strategy after a sudden market plunge this month routed traders betting on the complex instrument. Investors’ once-profitable wagers o... More »
FILE PHOTO: A view shows Saudi Aramco’s Wasit Gas Plant, Saudi Arabia December 8, 2014. Saudi Aramco/Handout/File Photo via REUTERS LONDON (Reuters) – It’s the burning question in the oil industry: when will Saudi Arabia pull the trigger on the Aramco stock ma... More »
FILE PHOTO: The Federal Reserve headquarters in Washington September 16 2015. REUTERS/Kevin Lamarque/File Photo NEW YORK (Reuters) – Bond investors, who have been on edge over signs of growing inflation and a possibly more aggressive Federal Reserve, will have... More »
SYDNEY (Reuters) – When National Australia Bank launched the country’s first ever “green” mortgage bond last week, it kept its expectations for demand in check with price guidance at a similar level to a non-green bond it was also selling. Global interest in s... More »
Dieter Zetsche, CEO of Mercedes car maker Daimler AG speaks during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 12, 2017. REUTERS/Kai Pfaffenbach FRANKFURT (Reuters) – Car and truck maker Daimler on Friday said it was open to considering a br... More »
Commuters disembark from a suburban train at a railway station in Mumbai, India, February 1, 2018. REUTERS/Shailesh Andrade NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi’s plan to provide health insurance for about half the country’s population wou... More »
A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake (Reuters) – U.S. computer maker Dell Technologies Inc is exploring a range of options that could see the world’s la... More »
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – SoftBank Group Corp (9984.T) said on Monday it was considering listing its Japanese wirel... More »
FILE PHOTO: A journalist takes picture of Xiaomi’s new mobile phone Mi Max at its launch in Beijing, May 10, 2016. REUTERS/Kim Kyung-Hoon/File Photo HONG KONG (Reuters) – Xiaomi has tapped CLSA, Goldman Sachs and Morgan Stanley as joint sponsors for its propos... More »
FILE PHOTO: A logo of Ant Financial is displayed at the Ant Financial event in Hong Kong, China November 1, 2016. REUTERS/Bobby Yip/File Photo BEIJING (Reuters) – China’s Ant Financial Services Group has received approval to issue consumer credit-backed securi... More »
FILE PHOTO: Marijuana is seen for sale at Harborside, one of California’s largest and oldest dispensaries of medical marijuana, on the first day of legalized recreational marijuana sales in Oakland, California, U.S., January 1, 2018. REUTERS/Elijah Nouvelage/F... More »
FILE PHOTO: A woman exits the Viacom Inc. headquarters in New York, U.S. on April 30, 2013. REUTERS/Lucas Jackson/File Photo (Reuters) – Viacom Inc (VIAB.O) and CBS Corp (CBS.N) are not in active merger discussions, although controlling shareholder Shari Redst... More »
FRANKFURT (Reuters) – German residential property developer Instone Real Estate is targeting a flotation on the Frankfurt stock exchange in March, adding to a growing pipeline of spring listings in Germany, people close to the matter said. The company is worki... More »
SHANGHAI (Reuters) – China’s central bank said it will skip open market operations on Monday. On a net basis, the People’s Bank of China (PBOC) will drain 120 billion yuan ($18.25 billion) from the money market for the day, as that amount of reverse repos is d... More »
FILE PHOTO: Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, India, February 17, 2016. REUTERS/Shailesh Andrade MUMBAI/HONG KONG (Reuters) – Funds raised in India through share sales reached the most in a decade this year thanks t... More »
A sign marks a building housing Oracle offices in Burlington, Massachusetts, U.S., June 21, 2017. REUTERS/Brian Snyder Sydney (Reuters) – Australia’s Aconex Ltd (ACX.AX) said on Monday it had received a A$1.56 billion ($1.2 billion), or A$7.80 in cash-per-shar... More »
MELBOURNE (Reuters) – An Australian conservative politician on Monday proposed to his long-term partner on the floor of parliament, ahead of the expected passage of a measure for same sex couples to marry. Australians overwhelmingly voted for same-sex marriage... More »
TOKYO (Reuters) – Japan’s government is set to compile an extra budget worth around 2.7-2.9 trillion yen ($24-26 billion) for the fiscal year to March 2018, with additional bond issuance of around 1 trillion yen to help fund the spending, government sources to... More »
CHICAGO (Reuters) – Illinois, which sold $6 billion of bonds last month to raise money to pay overdue bills, will be back in the U.S. municipal market next week with another $750 million of debt. The deal tops the $12.2 billion of bonds and notes states, citie... More »
FILE PHOTO: The logo of Toshiba Corp is seen as window cleaners work on the company’s headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Toshiba Corp’s plan to raise some $5.4 billion through a sale of new shares w... More »
The U.S. unit of the French insurer AXA has filed for an initial public offering (IPO), according to a U.S. regulatory filing on Monday. More »
The U.S. Senate Republican tax bill helped soothe nerves in the municipal bond market on Friday, just over a week after the House of Representatives proposed changes that would decrease its future supply of tax-free debt. More »
Cracks in the red-hot U.S. high-yield bond market are starting to widen, with two junk-rated companies pulling their deals on Friday and U.S.-based high-yield funds suffering their second consecutive week of cash withdrawals. More »
Russia plans to hold a non-deal road show in China soon to pitch its OFZ treasury bonds denominated in yuan to Chinese investors, as a safeguard against new U.S. sanctions causing other foreign investors to exit the bonds, a Russian deputy finance minister sai... More »
Investors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America Merrill Lynch (BAML) said on Friday. More »
The former chairman of fund manager Man GLG and the ex-president of Vornado Realty Trust are behind a buyout vehicle that will seek deals in the real estate and hospitality sectors, according to marketing materials seen by Reuters on Thursday. More »
Amazon.com Inc (AMZN.O) is cutting prices of products from third-party sellers on its website, moving beyond its more typical method of discounts on items it sells directly. More »
U.S. pharmacy operator CVS Health Corp has made an offer to acquire No. 3 U.S. health insurer Aetna Inc for more than $200 per share, or over $66 billion, people familiar with the matter said on Thursday. More »
Cisco Systems Inc (CSCO.O), the world’s largest networking gear manufacturer, is nearing a deal to buy U.S. telecommunications software firm BroadSoft Inc (BSFT.O) for close to $2 billion, a person familiar with the matter said on Sunday. More »
China Literature Ltd, China's largest online publishing and e-book company, launched an initial public offering for up to $1.1 billion on Monday, seeking funds for acquisitions and to expand its digital publishing business. More »
A U.S. judge on Monday invalidated patents on Allergan Plc's dry-eye medicine Restasis on grounds that the patents cover ideas that are obvious, sending shares of the pharmaceutical company down 3.5 percent. More »
The Pimco Income Fund (PIMIX), widely seen by investors and analysts as Pacific Investment Management’s new flagship fund, surpassed $100 billion in assets under management this week, even as fees were hiked on Oct. 2, two sources familiar with the matter said... More »
Altice, the acquisitive telecoms and cable group founded by billionaire Patrick Drahi, announced on Monday a debt refinancing deal which it said would lead to cost savings on interest payments and extend its debt maturity. More »
Shares of Switch Inc, which provides data center services to Amazon, eBay and JP Morgan among others, rose as much as 45 percent in their market debut on Friday, giving the company a market capitalization of more than $5.6 billion. More »
Switch Inc (SWCH.N) raised about $531.3 million from its initial public offering which was priced at $17 per share, making the data-center operator the second-largest U.S. technology listing this year. More »
The board of Uber Technologies Inc [UBER.UL], including two new appointees of former Chief Executive Travis Kalanick, will meet on Tuesday to consider proposals that diminish the co-founder's influence, strip early investors of supervoting power and secure a m... More »
Angry Birds maker Rovio Entertainment's shares got off to a flying start on the Finnish firm's stock market debut. More »
Frontier economies including Tajikistan and Iraq along with credit-hungry Asian firms led emerging market borrowing in the July-September quarter, as 2017 shapes up to be another record year for debt sales. More »
British food delivery company Deliveroo has raised $385 million in private funding, it said on Sunday, as it prepares for expansion to help it compete with publicly traded rivals such as Delivery Hero and Just Eat. More »
ZhongAn Online Property and Casualty Insurance Co, China's first internet-only insurer, has covered the institutional tranche of its up to $1.5 billion initial public offering (IPO) multiple times over, sources close to the deal said on Monday. More »
When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO). [IPO-ARMO.SE] More »
ZhongAn Online Property and Casualty Insurance Co Ltd, China's first internet-only insurer, secured Hong Kong stock exchange approval for its planned initial public offering which could raise more than $1 billion, sources with direct knowledge of the deal said... More »
The maker of hit mobile phone game "Angry Birds" is planning an initial public offering to raise around 30 million euros ($36 million) and potentially use its shares to make acquisitions. More »
Goldman Sachs Group Inc will detail plans to turn around performance at its core bond-trading unit next month after unusual pressure from large investors frustrated by vague explanations of its troubles, people familiar with the matter told Reuters. More »
The U.S. Food and Drug Administration said on Tuesday it has approved Medicines Co's antibacterial drug for patients with complicated urinary tract infections (cUTI). More »
U.S. President Donald Trump signed an executive order that prohibits dealings in new debt from the Venezuelan government or its state oil company on Friday in an effort to halt financing that the White House said fuels President Nicolas Maduro's "dictatorship.... More »
China Unicom's $11.7 billion ownership reform plan does not violate rules, the nation's securities regulator said, helping shares in the telecom group's units surge as they resumed trade on Monday after speculation that the deal was under scrutiny. More »
Investors who place wagers on the direction of interest rates got a new set of U.S.-listed investment products on Wednesday, but their complexity may prove an obstacle to them gaining broad acceptance. More »
