Canadian equity financing deals dive to 27-year low on market volatility

Canadian equity financing deals dive to 27-year low on market volatility

TORONTO, Oct 6 (Reuters) – The slump in Canada’s mergers and acquisition activity extended into the third quarter as volatile stock markets and rising borrowing costs spooked sentiment for dealmaking, with equity-linked issues slumping to the lowest in 27 years. Despite the sharp fall, some bankers are beginning to see opportunity. HSBC Plc’s potential sale … Read more

Exclusive: Apollo, Sixth Street no longer in talks to finance Twitter deal, sources say

NEW YORK, Oct 5 (Reuters) – Apollo Global Management Inc (APO.N) and Sixth Street, which were looking to provide financing to Elon Musk earlier this year for his proposed buyout of Twitter Inc (TWTR.N), are no longer in talks with the billionaire entrepreneur, according to two sources familiar with the matter. Musk and Twitter are … Read more

Hotel prices to rise at a lower rate in 2023 in major business events cities – report

MADRID, Oct 5 (Reuters) – Hotel prices will keep increasing in 2023 in most of the key cities for business events worldwide as demand for in-person meetings after pandemic disruptions grows, although at a slower pace due to a worsening economic outlook, American Express Global Business Travel said in its annual forecast. Corporate travel managers … Read more

HSBC eyes sale of Canadian business

LONDON, Oct 4 (Reuters) – HSBC is considering selling its Canada business, one of the biggest international banking brands in the country, a spokesperson for the bank said on Tuesday, as it looks to beef up returns pressed for by its largest shareholder. “We are currently reviewing our strategic options with respect to our wholly … Read more

Marubeni gets $3 billion from Gavilon grain business sale

TOKYO, Oct 4 (Reuters) – Japanese trading company Marubeni Corp (8002.T) said on Tuesday it had so far received $3 billion from the sale of US unit Gavilon’s grain business to commodities trader Glencore Plc’s (GLEN.L) Viterra arm. Under the deal, which was announced in January and completed on Monday, Marubeni had received $3 billion … Read more

Carbon recycler LanzaTech strikes financing deal with Brookfield

NEW YORK, Oct 3 (Reuters) – Carbon recycler LanzaTech NZ Inc has struck a deal with Brookfield Renewable Corp (BEPC.N) for a $500 million commitment by the investment firm to finance upcoming projects using LanzaTech’s technology, the companies told Reuters. The cash from Brookfield, provided through its Global Transition Fund, will be used to construct … Read more

China’s Xiaomi says it will protect its business interests after India freezes its assets

MUMBAI, Oct 3 (Reuters) – Chinese smartphone maker Xiaomi Corp (1810.HK) on Sunday said it was “disappointed” with an Indian order that froze $682 million of its assets and would continue to protect its interests. An Indian appellate authority on Friday confirmed an April order by India’s federal financial crime fighting agency, the Enforcement Directorate, … Read more

How to stay at the forefront of healthcare innovation

Healthcare is an industry designed to provide essential services and care for patients to improve their health and well-being. Over generations, the expertise of medical professionals has allowed the industry to continuously innovate and meet the ever-changing demands and needs of patients — ranging from spikes in mental health to safety concerns regarding an in-person … Read more

TikTok to partner with TalkShopLive for US live shopping, Financial Times reports

Oct 1 (Reuters) – TikTok is due to enter a partnership with Los Angeles-based TalkShopLive to launch its live shopping platform in North America by outsourcing its operations, the Financial Times reported on Saturday citing two people familiar with the operations. The companies are still finalizing the arrangements, the FT report said, adding that no … Read more

Fed’s Mester: Doesn’t see financial stability problems for US

Sept 29 (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Thursday she does not see distress in US financial markets that would alter the central bank’s campaign to lower very high levels of inflation through interest rate hikes. While “no one knows for sure” if there is a big problem lurking in … Read more