Business

AB InBev set to revive Budweiser Asia IPO with $5 billion float

Anheuser-Busch InBev (ABI.BR) is planning to raise about $5 billion from a revived float of its Asian operations after the world’s largest beer maker shelved a Hong Kong IPO in July, people with knowledge of the matter said. AB InBev, which had aimed to raise as much as $9.8 billion through an IPO of Budweiser […]

Business

Draghi ties Lagarde’s hands with promise of indefinite stimulus

European Central Bank chief Mario Draghi pledged indefinite stimulus on Thursday to revive an ailing euro zone economy, tying the hands of his successor for years to come and sparking an immediate conflict with U.S. President Donald Trump. As Draghi’s eight-year mandate nears its close, the ECB cut rates deeper into negative territory and promised […]

Business

Oil prices fall 1% on U.S.-China trade doubts, OPEC+ talks

Oil prices fell about 1% on Thursday after a media report cast doubt on the possibility of an interim U.S.-China trade deal and as a meeting of the OPEC+ alliance yielded no decision on deepening crude supply cuts. Oil was pressured further after the European Central Bank cut its deposit rate to a record low […]

Business

Huawei plans first onshore bonds totaling 6 billion yuan

Huawei Technologies [HWT.UL] parent plans to issue two tranches of bonds worth 3 billion yuan ($422 million) each, the first time it is tapping the onshore yuan bond market, the Chinese technology giant said in regulatory filings on Wednesday. No issuance dates have been set for the three-year medium-term notes for the Chinese interbank market, […]

Business

Nissan China head, turnaround executive among top candidates for CEO

The head of Nissan Motor Co’s (7201.T) China business and an executive tasked with leading its revival have emerged as two of the top candidates to take over as the next CEO of the troubled Japanese automaker, four people familiar with the matter said. Discussions are still underway and nothing has been decided, said the […]

Business

Trade optimism pressures yen but markets wary ahead of Fed, BOJ

The yen was pinned near a six-week low versus the dollar on Friday as signs the United States and China were narrowing their differences over trade ahead of key talks decreased demand for safe haven assets. That nudged the yuan up to near four-week highs against the U.S. currency in offshore trade, while the euro […]