In a statement property developer Limitless said, it is close to signing an agreement with creditors over around $760 million of troubled debt, marking its third restructuring in a decade. Dubai state-owned Limitless along with Nakheel, was among the biggest… Read More ›
According to a new study whose results were released on Friday, those who get infected with the Delta variant of the coronavirus are twice as likely to ultimately fall severely ill and require hospitalization compared to those who get infected… Read More ›
China’s central bank The People’s Bank of China (PBOC) has increased its short-term fund injection this week to meet higher cash demand that typically ensues towards the month-end. In a statement PBOC said it has offered $7.71 billion (50 billion… Read More ›
In a statement U.S. private equity firm KKR & Co Inc said, it will acquire New Zealand’s largest bus company, Ritchies Transport, marking its first infrastructure investment in the country. Both companies did not disclose the value of the deal; KKR… Read More ›
U.S. Trade Representative Katherine Tai told her Turkish counterpart Mehmet Mus, that Ankara must remove individual digital services taxes following a broader multilateral agreement that was reached in talks led by the OECD. Among a range of issues that was… Read More ›
According to two sources familiar with the matter at hand, Brazil’s Nubank is seeking a valuation above %55.4 billion in its planned U.S. initial public offering. In Nubank’s recent funding round, led by Berkshire Hathaway Inc, Nubank was valued at… Read More ›
In a statement Onsemi said, it would acquire GT Advanced Technologies in a $415 million cash deal. GT Advanced Technologies manufactures silicon carbide – a key material used in chips for electric vehicles. The move is a major push into… Read More ›
On Thursday, a trade industry body in Britain said, in July 2021 car production in the country has fallen to its lowest level since 1956; the global shortage of semiconductors as well as a shortage of staff because of the… Read More ›
In a statement China’s market regulator said, it has approved Tencent Holdings’ plan to purchase an equity stake in Studio 9, a Chinese animation company. China’s State Administration for Market Regulation made the announcement on its website. Tencent, which already had… Read More ›
In a statement the U.S. Securities and Exchange Commission said, Healthcare Services Group Inc has agreed to pay a $6 million fine to settle civil charges for its alleged failure to account for legal settlements with its employees, which resulted in… Read More ›
