According to sources familiar with the matter at hand, a consortium of three private equity firms, including Carlyle Group and Blackstone Group Inc, have signed a definitive agreement to acquire a majority stake in Medline Industries Inc. The deal values… Read More ›
Economy & Finance
Investment Ban In Dozens Of Chinese Defense And Tech Firms Expanded By Biden Administration
A ban on investing by entities of the United States in dozens of Chinese companies that allegedly have ties with defense or surveillance technology sectors was imposed by the United States president Joe Biden as he signed an executive order… Read More ›
Higher Than Expected Rise In Euro Zone Producer Prices In April
There was a more than expected rise in the producer prices in the euro zone in the month of April driven by a sharp rise in the prices of energy products, showed data published by the European Union’s statistics office… Read More ›
William Ackman’s blank-check firm PSTH negotiating 10% stake in Universal Music Group
On Frtiday, William Ackman’s blank-check firm Pershing Square Tontine Holdings (PSTH) confirmed that it was negotiating a purchase of a 10% stake in Universal Music Group, which is being spun-off by France’s Vivendi for around $4 billion. Vivendi is planning to cash… Read More ›
Unrestricted travel between Britain and Europe possible from July onwards: Ryanair’s CEO
Despite Britain’s move to curtail travel, Ryanair’s CEO said, he was optimistic about the possibility of an unrestricted travel between Britain and Europe from July onwards. “When people are travelling in July and August there will be no restrictions on… Read More ›
Uruguayan payment startup DLocal valued at $6.06 billion, raises $617.65M in US IPO
In a statement, Uruguayan payment startup DLocal said, it had raised $617.65 million through its initial public offering. The company had priced its 29.4 million shares at $21 each above its indicated price range of $16-$18. The IPO valued DLocal… Read More ›
Britain-Australia trade deal could potentially be signed mid-June
On Thursday, Britain’s envoy to Australia said, both countries have held another round of talks towards a free trade deal. A trade agreement could potentially be signed between the two sometime in mid-June. Britain’s trade deal with Australia is one… Read More ›
JPMorgan exploring potential opportunities for add-on acquisitions
In a statement Mary Callahan Erdoes, the head of asset and wealth management at JPMorgan Chase & Co said, her division of the bank is “looking into possible opportunities for add-on acquisitions”. “I wouldn’t assume we haven’t done anything,” said… Read More ›
Britain set to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership
On Wednesday, members nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) officially agreed to allow the United Kingdom to start the process of joining the pact, said Japan’s economy minister in a statement. Welcoming the start of… Read More ›
2020 Saw A 5% Drop In Carbon Emissions In Australia
There was growth in the generation of wind and solar energy in Australia in 2020 while the country’s carbon emissions dropped during the year by 2020, the government of the country said on Monday. According to analysts this was primarily… Read More ›