The IPO values Budweiser Asia, AB InBev’s Asia-Pacific business, at 16-18 times its enterprise value (EV) to EBITDA. This will be the biggest IPO to hit the market in 2019. In a significant development, Anheuser-Busch InBev NV stated, it is… Read More ›
Refinitiv data
BlackRock quarterly profit beats average analysts’ estimate
While BlackRock posted a net income of $6.61 per share, in the three months ended March 31, analysts had expected a profit of $6.13 per share, according to IBES data from Refinitiv. On Tuesday, BlackRock Inc quaterly profit beat analysts’… Read More ›
Risk of recession rises for the U.S. economy
Europe is also staring at a similar scenario. According to financial data, with the outlook of Wall Street’s earnings facing a significant deterioration in recent months, the risk of the United States slipping into a recession has become a major… Read More ›