Abu Dhabi sovereign investor Mubadala has invested in Australia’s largest urea plant, a $6.4 billion Perdaman Western Australia urea project. Mubadala said it will be investing alongside New York-based Global Infrastructure Partners in the plant, which is one of the largest urea fertiliser facilities […]
High inflation and elevated borrowing costs are dampening the attractiveness of leveraged private-market investments, but institutional investors across Asia-Pacific are still determined to increase their allocations in private assets, especially in real estate and private debt, US-based financial services firm State Street […]
Foreign investors loaded up on Chinese stocks for a third straight month in April, adding to evidence that global fund managers have become more positive about the world’s second-largest market. Overseas traders bought a total of 6.02 billion yuan (US$831 […]
Venture capital (VC) investment in China had a disappointing start to the year as overall investment fell to levels not seen since early in the Covid-19 pandemic, with the AI, electric vehicle (EV) and clean energy sectors among the few defying the gloom. China continued […]
MADRID, May 7 (Reuters) – Shares in Spanish bank BBVA (BBVA.MC), opens new tab rose as much as 1.9% on Tuesday morning after Sabadell (SABE.MC), opens new tab rejected what it described as an unsolicited takeover proposal from BBVA. At 0805 GMT, shares in BBVA, […]
May 7 (Reuters) – Australia’s Perpetual (PPT.AX), opens new tab will be broken up, with its name sold to global investment firm KKR & Co (KKR.N), opens new tab, in a deal worth over A$1.5 billion ($990 million), the Australian Financial Review reported […]
Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the third quarter of last year. The identity of the stock — or stocks — that Berkshire has been snapping up could be revealed Saturday […]
In a landmark move for the UAE’s retail sector, Spinneys, one of the region’s leading supermarket chains, has successfully completed its initial public offering (IPO), raising an impressive Dh1.38 billion The IPO, which attracted significant investor interest, marks a pivotal […]
Italy’s biggest bank Intesa Sanpaolo (ISP.MI), opens new tab on Friday said it had acquired some 90,000 new customers through its digital-only arm Isybank, after an antitrust decision effectively halted the migration of existing clients. Italy’s competition authority dealt a blow to Intesa’s fintech […]
May 4 (Reuters) – HSBC UK (HSBA.L), opens new tab said on Saturday that all its services were functional after an intermittent disruption to its clients’ personal mobile and online banking services, during which its debit cards, credit cards, digital wallet and […]
