Morgan Stanley has usurped rivals including Deutsche Bank, Citigroup, Credit Suisse and Goldman Sachs to lead the relaunch of a US$1.45 billion IPO - Hong Kong's second-largest this year - in an unusually brutal shuffling of banks' roles on a big deal.
SINGAPORE: Southeast Asian online realtor PropertyGuru announced on Wednesday (Oct 23) that it has decided not to proceed with its proposed initial public offering (IPO) on the Australian Securities Exchange (ASX). Its IPO would have raised about A$380.2 million (S$355 million). In a media ...
JAKARTA: Indonesian President Joko Widodo on Wednesday (Oct 23) named 35-year-old Nadiem Makarim, the co-founder and ex-chief executive of ride-hailing and payments firm Gojek, as education and culture minister. Gojek said on Monday its president Andre Soelistyo and other co-founder Kevin Aluwi ...
Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s baby powder, the company’s chief executive Alex Gorsky earlier this month insisted that the company’s iconic brand was safe.
U.S. Defense Secretary Mark Esper has removed himself from reviewing a disputed US$10 billion cloud computing deal because of a possible conflict of interest, a move that could further delay the contract-award process.
U.S. state attorneys general probing Alphabet's Google plan to meet next month in Colorado to discuss a probe into whether the search giant's business practices break antitrust law, according to three sources knowledgeable about the meeting.
Gulfstream Aerospace Corp President Mark Burns said on Tuesday he expected regulators to ask for more details on software when the company certifies its new G700 long-range corporate jet, following two crashes involving the Boeing 737 MAX.
President Donald Trump's G7 and trade adviser Kelly Ann Shaw is leaving the Trump administration for a position in the private sector, White House officials said on Tuesday, marking the departure of one of the most senior women on the president's economic team.
Private equity firms Blackstone Group Inc and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than US$10 billion, including debt, according to people familiar with the matter.
Asian shares and U.S. stock futures dipped on Wednesday after British lawmakers rejected the government's timetable to fast-track legislation for its deal to take Britain out of the European Union.
