Dubai utility DEWA rises 20% above IPO price
DUBAI – Shares in Dubai Electricity and Water Authority (DEWA) surged about 20% on their market debut on Tuesday after its $6.1 billion initial public offering (IPO), the region’s biggest…
DUBAI – Shares in Dubai Electricity and Water Authority (DEWA) surged about 20% on their market debut on Tuesday after its $6.1 billion initial public offering (IPO), the region’s biggest…
ZURICH – The United States overtook Germany as Switzerland’s biggest export market last year, mainly thanks to strong growth in chemical and pharmaceutical products over the last two decades, the…
JAKARTA – Shares of Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia fell as much as 3.14% on its second day of trading on Tuesday, after raising $1.1 billion in…
(Reuters) -Pendal Group Ltd said on Tuesday the A$2.40 billion ($1.78 billion) non-binding takeover offer from asset manager Perpetual Ltd “significantly undervalued” the Australian investment manager. The A$6.23 per share…
By Svea Herbst-Bayliss BOSTON -Activist investment firm Sachem Head on Monday cut its slate of director nominees at US Foods Holding Co to five from seven, backing away from plans…
By Marcelo Teixeira BOSTON – Traders are diverting coffee shipments that were initially expected to go to Russia, and some have stopped selling to that market altogether, attendees at a…
By Gopal Sharma KATHMANDU -Nepal is tightening imports of cars, gold and cosmetics as its foreign exchange reserves have fallen, a central bank official said on Monday, after the government…
By Scott Murdoch HONG KONG – Chinese question-and-answer website Zhihu Inc opened its bookbuilding process on Monday to raise $133 million in a dual primary listing in Hong Kong, according…
HONG KONG – China’s Zhenro Properties said it has missed interest payments on two offshore bonds and expects four more defaults in the coming months due to the lockdown in…
By Chibuike Oguh (Reuters) – GTCR LLC and Clayton, Dubilier & Rice (CD&R) are among private equity firms that have expressed interest in acquiring U.S. medical device manufacturer Merit Medical…
(Reuters) – More than a third of all homes and businesses in Puerto Rico remained without power on Friday, the second day of a massive outage on the Caribbean island…
By Dan Whitcomb (Reuters) – A Fox News correspondent who was wounded in Ukraine during an attack that killed two of his colleagues said on Thursday that he had sustained…
By David Shepardson WASHINGTON -The U.S. Senate on Thursday confirmed President Joe Biden’s pick to be the Pentagon’s chief weapons buyer, a former official for defense acquisition in the administration…
By Daniel Trotta (Reuters) – One person was shot on the road in the United States every 17 hours in 2021, according to a new tally of road rage violence.…
WASHINGTON – U.S. Vice President Kamala Harris’ communications director tested positive for COVID-19 on Wednesday, the White House said. The director, Jamal Simmons, was in close contact to Harris as…
By Riya Sharma and Sameer Manekar (Reuters) – Australian fertility services provider Virtus Health said on Wednesday it will consider a revised buyout offer from minority owner BGH Capital, weeks…
(Reuters) – Ann Sarnoff, the chief executive officer of WarnerMedia Studios and Networks Group, will leave the company, the New York Times reported on Tuesday, citing people briefed on the…
By Chris Prentice and Susan Heavey WASHINGTON -The Public Company Accounting Oversight Board (PCAOB) on Tuesday said it has sanctioned KPMG LLP’s former vice chair of audit for his role…
By Yereth Rosen ANCHORAGE, Alaska -More than 7.2 million cubic feet of natural gas escaped in a leak at a key Alaskan oilfield, forcing workers to evacuate and cutting production…
SOFIA – The Russian invasion of Ukraine and sanctions against Russia are likely to put the brakes on Bulgaria’s economic growth this year and keep annual inflation in double digits,…
By David Shepardson WASHINGTON -TracFone Wireless agreed to a $13.4 million settlement to resolve false claims allegations in connection with the Federal Communications Commission’s (FCC) low-income subsidy program, the U.S.…
(Reuters) – Venture capital giant Sequoia Capital said on Monday Roelof Botha will take on the firm’s global leadership position, stepping into the role of senior steward from July 5.…
SANTIAGO -Peru’s ministry of economy and finance announced on Sunday that it would suspend taxes on the country’s most consumed fuels to fight surging prices caused by the Russia-Ukraine conflict.…
(Reuters) -The Federal Aviation Administration will investigate what went wrong when the cockpit windshield of a Delta plane shattered mid-air during a flight on Thursday to Washington, D.C., from Salt…
(Reuters) – Ukraine’s gold and foreign currency reserves stand at $29 billion, the same level as before Russia’s invasion thanks to external financial support, the president’s economic adviser Oleh Ustenko…