Buyout firm CD&R to team up with PPG to bid for Buffet-backed Axalta

19-09-2019
NY-based private equity company, CD&R, had been in an advanced stage talk to partner up with PPG Industries Inc., in a bid to make a takeover offer for a US coating company, Axalta Coating System

WeWork delays IPO following frostbitten investors’ response

18-09-2019
On Tuesday, the 17th of September 2019, owner of shared online workspace provider, WeWork, The We Company founded and headquartered in NY, had suspended its planned initial public offering after witnessing lacklustre response from the investors

Entertainment group Endeavor seeks to raise $619 in IPO

17-09-2019
CA-based media and events company, Endeavor Group Holdings Inc. issued a public statement later on Monday saying that the company had been exploring an option to raise as many as $619 million in its slated initial public offering

Iran inks $440 million deal to develop Gulf gas field amid US sanction

16-09-2019
On Saturday, the 14th of September 2019, US-sanction hit Iran had signed a $440 million contract with a local company, Petrobars, in a bid to development the Bilal gas field in the Gulf

Siemens, Orascom rubberstamp deal to rebuild Iraqi power plant

16-09-2019
On Saturday, Cairo-based construction firm Orascom and Munich-based Siemens had reached an accord with the Iraqi government of PM Adil Abdul-Mahdi to rebuild two power plants located at the Northern part of the country

WeWork ponders IPO valuation as low as $10 billion

13-09-2019
NY-based owner of shared online workspace provider WeWork, had been bracing for an IPO valuation of as low as between $10 to $12 billion.

Saudi Aramco gives nine banks top roles on world’s biggest IPO

13-09-2019
Saudi Aramco, the state-controlled Saudi oil giant and the largest firm across the world by revenue, had hired nine banks as joint coordinator in order to oversee its slated initial public offering

China stepping up presence in Frankfurt car show as battery builders lead

12-09-2019
On Wednesday, the 11th of September 2019, Chinese automakers alongside suppliers had shored up their presence in the Frankfurt auto show

Big Ag joins fake-meat market as plant-based meat demands soar

10-09-2019
Bunge Ltd., world’s one of the largest and oldest grain trading businesses headquartered in White Plains, New York, made an announcement on Monday saying that it had purchased 1.6 per cent stake of the fast-growing vegan burger maker Beyond Meat

JPMorgan closer to winning lead advisory role for Saudi Aramco IPO

09-09-2019
JPMorgan Chase & Co., the US-based multinational lender headquartered in NY, had been getting closer to win the leading advisory role on IPO of state-controlled Saudi oil giant, Aramco in the Saudi domestic market

High-profile IPOs went sell-off after quarterly earnings’ report

06-09-2019
Three of Wall St.’s blockbuster IPOs this year took heavy headers later on Thursday, the 5th of September 2019, after reveal of the company’s quarterly earnings’ report which failed to justify their IPO valuation alongside satisfy the investors.

FCA to spend €1 billion on Alfa compact SUV, hybrid Panda

06-09-2019
Industry unions of Italian-American carmaker, FCA, said that the company had been exploring a plan to invest as much as €1 billion to start-off production line of its new Alfa Romeo compact SUV Tonale

Abu Dhabi plans to issue first dollar bond in two years

02-09-2019
Abu Dhabi, the capital city of United Arab Emirates, economy of which still remains heavily dependent on oil exports, had been working out a plan to issue a dollar-denominated government bond as early as this year

Saudi Aramco sees too many risks in New York IPO, mulls local listing

31-08-2019
Management board of Saudi Arabia’s state-controlled energy behemoth Aramco, reached a decision that public listing of the Saudi energy giant into New York stock exchange would likely to face off a raft of regulatory hurdles

Volkswagen to invest $577 million in Brazil auto plant

30-08-2019
State Governor of Brazilian state of Sau Paulo, Joao Doria said that Volkswagen had agreed to invest as much as $577 million or 2.4 billion Reais in one of its factories in Brazil,

Gold spikes more than six-year-peak on trade, economic risks

27-08-2019
On Monday, the precious metal, gold, torrented to more than six-year-peak breaching $1,550 mark in the early Asia-Pacific trading hours, as investors appeared to be seeking safety amid a chorus of uncertainties

US EXIM Bank set to vote on $5 billion loan to Mozambique LNG project

26-08-2019
Later last week, the Export-Import Bank of US, had issued a statement saying that its management board would soon arrange a vote to decide whether financial entity would endorse a direct loan of $5 billion for developing a LNG project in Mozambique

RRJ Capital in talks to invest $4bn on China’s HNA-owned Ingram Micro

25-08-2019
Hong Kong-based RRJ Capital had been in an advanced-stage talk with China's HNA to invest as much as $4 billion on HNA-owned US electronics distributor Ingram Micro Inc.

Saudi Aramco asks banks to submit proposals for its planned IPO

21-08-2019
After months of speculation, Saudi Aramco, the state-controlled petroleum and natural gas company based on Dhahran, Saudi Arabia, had finally asked major banks to formally submit their proposals for their roles in its slated IPO

Vodacom to invest $589 million in South Africa to enhance rural networks

20-08-2019
Vodacom Group Ltd., headquartered in Midrand, South Africa, had been exploring a plan to invest as much as $589 million

Gold prices take a hit on US dollar hike, banks' stimuli

19-08-2019
Spot gold prices fell by 0.4 per cent on the day even as dollar traded positively against other currencies

Canada awards multi-billion contract to General Dynamics as election looms

18-08-2019
On Friday, the 16th of August 2019, Canadian government had issued a statement saying that it had signed up General Dynamics Corp., an American aerospace and defense corporation headquartered in Michigan, for a multi-billion dollar contract

UPS buys stake in TuSimple, testing self-driving delivery trucks in Arizona

17-08-2019
On Thursday, United Parcel Service, shortly dubbed as UBS, headquartered in Atlanta, Georgia, had issued a statement saying that the company had purchased a minority stake in self-driving start-up TuSimple

China restricts gold import as trade war heats up

15-08-2019
As an attempt to curb outflow of dollars and to boost up its offshore Chinese Yuan, Beijing has been restricting imports of the precious metal gold since May following a pre-mature conclusion of trade talk with Washington

Brazilian hedge funds pummeled on Argentine market rout

15-08-2019
On Tuesday, the 13th of August 2019, a basket of Brazilian hedge funds and brokerages faced off havoc-scale causalities after Monday’s (August 12th) rampage of Argentine assets