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 […]
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 […]
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 […]
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, […]
Russian Deputy Finance Minister Vladimir Kolychev said on Thursday that there was no question of the economy going into recession despite a slowdown in economic growth. The central bank last week lowered its 2019 economic growth projection to 0.8%-1.3% from an earlier forecast of 1.0%-1.5%.
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 […]
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 […]