Bloomberg Pakistan has hired banks for a possible foreign-currency bond offering. The government has mandated Deutsche Bank, JPMorgan Chase & Co., Credit Suisse group and Standard Chartered, the people said. The South Asian nation is looking to raise funds after reaching an agreement with the International Monetary Fund on resumption of a $6 billion bailout program that was secured in ...

Bloomberg Hong Kong’s bankers are working around the clock as the region’s companies rush to go public. Initial public offerings (IPO) in the city have already hit almost $11 billion, a close to 500% jump from a year earlier, with video streaming platform Bilibili Inc. and search giant Baidu Inc. among companies preparing multi-billion dollar deals. Digital roadshows and clients ...

Bloomberg Stocks dropped while US futures drifted ahead of a key Federal Reserve meeting at which officials will deliver their outlook for the economy amid a budding recovery that risks stoking inflation. Treasury yields edged higher. The Stoxx Europe 600 Index slipped as declines in retail shares outweighed gains for automakers. BMW AG shares rose 4% after the company forecast ...

Bloomberg Chinese search engine Baidu Inc. is on track to raise about HK$23.9 billion ($3.1 billion) in its Hong Kong share sale, the latest in a string of blockbuster equity offerings in the financial hub, people with knowledge of the matter said. The company told prospective investors it plans to price the deal at HK$252 per share, according to the ...

Bloomberg As rising US Treasury yields and potential credit tightening in China expose Chinese stock traders to wild market fluctuations, their bond peers are enjoying a period of relative calm. A measure of 30-day volatility in Chinese shares has surged to its highest since August as the benchmark CSI 300 Index struggles to recover from a rout that’s seen it ...

NEW DELHI / WAM The largest number of Indians returning to the jobs they had left abroad last year due to disruptions caused by the coronavirus pandemic has been to the Gulf, India’s External Affairs Minister, Dr S Jaishankar, told Parliament on Monday. “The focus of our efforts in the last few months has now shifted to Indians going back ...

Bloomberg The UK’s oil and gas industry faces a struggle to recover from an investment slump sparked by the coronavirus and in the longer term will have to manage a prolonged decline in output, according to its trade body. Production may decline further this year and next, following a 5% decrease in 2020, Oil & Gas UK said in a ...

Bloomberg Germany’s greenhouse-gas emissions fell by the most since 1990 last year as its exit from coal started to hit and the pandemic reduced transportation. Foreign Minister Heiko Maas is looking to put Europe’s biggest economy at the forefront of the fight against climate change, calling for the development of a global market for green hydrogen as a two-day energy ...

Bloomberg Boeing Co. is scrutinising the flight-deck windows of some of its 787 Dreamliners as the beleaguered planemaker expands its search for potential manufacturing flaws that have delayed deliveries of its marquee jetliner, according to people briefed on the matter. Chicago-based Boeing has been testing the cockpit windows in a limited batch of aircraft after learning a supplier modified its ...

Bloomberg Food-delivery company Deliveroo is seeking to raise 1 billion pounds ($1.4 billion) in a London stock market listing, buoyed by a rise in demand for its services during lockdowns. Besides the 1 billion pounds of new stock, some existing investors plan to sell shares, Deliveroo said in a statement, without providing details. Deliveroo, whose backers include Amazon.com Inc., was ...