Pershing Square Tontine Holdings Ltd, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public offering by US$1 billion to US$4 billion, the largest ever IPO by a special purpose acquisition company.
The global pandemic that roiled markets in the spring and disrupted daily life across the world is not delaying financial regulators' plans to ditch Libor, New York Federal Reserve Bank President John Williams said on Monday.
Huawei Technologies Co Ltd, the telecoms firm and No 2 smartphone maker, on Monday (Jul 13) reported a 13.1 per cent rise in revenue in the first half of the year, showing slower growth as US officials continue to pressure the company's suppliers and customers.
Huawei Technologies Co Ltd, the telecoms firm and No.2 smartphone maker, on Monday reported a 13.1per cent rise in revenue in the first half of the year, showing slower growth as U.S. officials continue to pressure the company's suppliers and customers.
Wall Street's main indexes were set to rise on Monday as Pepsi kicked off the second-quarter earnings season on an upbeat note, with investors also cheering signs of progress in COVID-19 vaccine development.
Europe's top court will on Thursday rule on the legality of tools companies use to transfer Europeans' data around the world, in the latest clash between Facebook and Austrian privacy activist Max Schrems.
Wall Street's main indexes were set to rise on Monday as Pepsi kicked off the second-quarter earnings season on an upbeat note, with investors also cheering signs of progress in COVID-19 vaccine development.
AMC Entertainment Holdings Inc said on Monday it had reached an agreement with bondholders that would reduce its debt by up to US$630 million, as it looks to reopen theaters after being shut for weeks due to the COVID-19 pandemic.
Electric car maker Fisker will go public through a merger with a blank check company backed by private equity firm Apollo Global Management Inc at a valuation of US$2.9 billion, the companies said on Monday.
Alphabet Inc's Google supports a multilateral solution for taxing digital services that is under discussion by the Organisation for Economic Cooperation and Development (OECD), its chief executive Sundar Pichai told Reuters in an interview.
