HONG KONG: Chinese online video company Kuaishou Technology is aiming to raise US$4.95 billion to US$5.42 billion in an initial public offering (IPO) that will be the largest in Hong Kong for more than a year, according to a term sheet reviewed by Reuters. The online video site, backed by...
SYDNEY: Pacific island nations are turning to China-led agencies to plug funding gaps in their pandemic-ravaged budgets after exhausting financing options from traditional Western partners, stoking fears the region is becoming more dependent on Beijing. The Cook Islands, a tiny country of around ...
LONDON: Nothing escapes the winds of change now sweeping through BP, not even the exploration team that for more than a century powered its profits by discovering billions of barrels of oil. Its geologists, engineers and scientists have been cut to less than 100 from a peak of more...
SYDNEY: Asian shares were on the defensive on Monday (Jan 25) as rising COVID-19 cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite. MSCI's broadest index of Asia-Pacific shares outside Japan was barely changed at 718.72. The benchmark is...
BOSTON: The world's 20 best-performing hedge funds earned US$63.5 billion for clients in 2020, setting a record for the last 10 years during a chaotic time when technology oriented stocks led a dramatic rebound from a pandemic induced sell-off, LCH Investments data show. As a group, the most ......
A blank-check acquisition firm backed by veteran investor Bill Foley is nearing an agreement to take Alight Solutions, the US benefits services provider owned by buyout firm Blackstone, public at a valuation of US$7.3 billion including debt, people familiar with the matter said on Sunday (Jan 24).
