Bloomberg GoTo Group has hired banks to help it raise around $1 billion from an initial public offering in Indonesia, according to people familiar with the matter. The company, formed as the result of a merger by the country’s two most valuable internet startups, has picked PT Mandiri Sekuritas and PT Indo Premier Sekuritas as underwriters for a local ...

  Bloomberg After a bumper year of stock listings, Asian companies may find it hard to repeat the success in 2022 given the prospect of rising interest rates and China’s tightening grip on Big Tech. Thanks to a blistering first half amid a global boom, initial public offerings in the region have reached $190 billion so far this year, a ...

  Bloomberg Shares of Indian digital payments giant Paytm closed at the lowest since their market debut last month following the nation’s biggest-ever initial public offering, as investors remain concerned about the startup’s path to profitability. One 97 Communications Ltd, Paytm’s parent company, raised $2.5 billion in its IPO but a 27% plunge in its debut made it one of ...

  Bloomberg Two new cases of the omicron variant were detected in the central Chinese city of Changsha from arrivals into the country, state-backed media Xinhua reported citing the municipal government. The provincial capital of Hunan is the latest place to discover the highly contagious variant in incoming travelers, after the southern province of Guangdong and the northern metropolis of ...

  Bloomberg The indefinite delay of President Joe Biden’s signature domestic policy bill has derailed the Democrats’ strategy to stave off a Republican onslaught in the 2022 congressional elections and the party may be left without a fallback option. After renewed objections from Senator Joe Manchin to the structure of the Build Back Better measure, Democratic leaders in the Senate ...

  Bloomberg The Taliban government urged major Islamic nations to push the US to call off sanctions imposed on Afghanistan, saying the actions are exacerbating the refugee crisis and hurting its people. The freezing of Afghan assets by the US is in violation of human rights, while the suspension of development assistance by the International Monetary Fund and the World ...

  Bloomberg Goldman Sachs Group Inc. plans to reduce the carbon footprint of its fossil-fuel clients by a fifth, and slash emissions in other key customer groups as it acts on a pledge to make its business climate neutral by mid-century. By 2030, the Wall Street firm intends to have lowered the financed emissions of oil and gas companies by ...

  Bloomberg The Reserve Bank of India (RBI) said it favors a complete ban on cryptocurrencies at a meeting of its central board, the Economic Times reported, citing unnamed people familiar with the deliberations. India’s central bank made a detailed presentation to its board highlighting “serious concerns” around the impact of cryptocurrencies on macroeconomic and financial stability, as well as ...

  Bloomberg Banca Monte dei Paschi di Siena SpA plans to raise 2.5 billion euros ($2.8 billion) to cover capital needs after the Italian government’s efforts to sell the lender to UniCredit SpA failed. The capital increase is part of a five-year business plan that will be submitted to European authorities for approval, it said in a statement. The fresh ...

  Bloomberg Bank of Nova Scotia is delaying plans to bring more employees back to its headquarters in January as Covid-19 cases rise rapidly in the province of Ontario. Canada’s third-largest bank had planned to start a phased return-to-office plan for head-office employees who are still working remotely on January 17, but that’s now on hold, spokesperson Clancy Zeifman said ...