In an interview to German newspaper Handelsblatt, Isabel Schnabel, a board member on the European Central Bank said, the ECB may have to raise interest rates as early as July to stop “extremely high” inflation from getting entrenched. In March,… Read More ›
According to the results of a business survey released on Tuesday, costs for businesses are rising at their fastest rate in more than 2 decades for Britain’s services sector. As a result the Bank of England is likely to soon… Read More ›
ChemChina, Syngenta Group’s owner, aims to raise around $10 billion (65 billion yuan) through an IPO for the Swiss agrichemical giant on Shanghai’s STAR Market, said sources. Syngenta is likely to post the prospectus for the upcoming IPO later today… Read More ›
On Thursday, Procore Technologies Inc, a construction software startup said, it has priced its U.S. initial public offering (IPO) at $67 per share, higher than the range it had announced earlier this month. California-based Procore Technologies is offering around 9.5… Read More ›
Bloomberg News has reported citing sources familiar with the matter at hand as saying, Blackstone Group Inc is aiming to raise $5 billion for its second Asia-focused private equity fund. Blackstone aims to use this second Asia-focused private equity fund… Read More ›
The biggest U.S. retailer for musical equipment and instruments, Guitar Center Inc, has filed for Chapter 11 bankruptcy, in the United States Bankruptcy Court of the Eastern District of Virginia, despite the fact that music lovers continuing to shop online… Read More ›
Late on Tuesday, the CEO of cinema operator AMC Entertainment Holdings Inc said, the company may need to raise additional capital as an option, either entirely or through equity. “There was no further contingency planning underway beyond raising additional capital,”… Read More ›
The U.S. Justice Department has charged Teva Pharmaceutical Industries Ltd with charges including colluding to conspire with competitors to raise prices of widely used generic drugs, high cholesterol drug. “Today’s charge reaffirms that no company is too big to be… Read More ›
In the first such development, in a blog post, burger chain Shake Shack Inc stated, it will return the business loan that it took from the U.S. government which was meant to help businesses ride out the impact of the… Read More ›
Private equity firm Silver Lake Partners aims to raise at least $16 billion from investors for its sixth flagship buyout fund despite prevailing uncertainties following the outbreak of the Wuhan Coronavirus, said sources familiar with the matter at hand. Investing… Read More ›
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