Bloomberg The Honest Co, the personal care brand co-founded by actress Jessica Alba, raised $413 million in an initial public offering priced within a marketed range. The company and its shareholders sold about 25.8 million shares for $16 each, according to a statement confirming an earlier Bloomberg News report. The shares had been marketed for $14 to $17, with the ...

Bloomberg Steinhoff International Holdings is looking to raise as much as 4.6 billion zloty ($1.2 billion) by listing its European discount retail arm Pepco Group in Poland, capitalising on increased demand for discount goods amid the coronavirus crisis. The South African retailer and other holders plan to sell 101.3 million existing shares, the company said in a statement on Wednesday. ...

Bloomberg Somalia will expedite elections in a bid to quell instability and coax donors into releasing funds needed to pay the nation’s security forces and other state employees, Foreign Minister Mohamed Abdirizak said. The prime minister is scheduled to meet representatives from political parties and other interested groups in July to agree on the voting process, Abdirizak said. The authorities ...

Bloomberg The Philippines said China’s unilateral fishing ban in the South China Sea doesn’t apply to areas within the Southeast Asian nation, in yet another sign of tension between the two countries. The National Task Force for the West Philippine Sea “opposes China’s imposition of the same over the areas within the territory and jurisdiction of the Philippines,” it said ...

Bloomberg Isabel Diaz Ayuso, Madrid’s combative conservative leader, won a second term as regional president, cementing her position as Prime Minister Pedro Sanchez’s most powerful critic. Ayuso’s People’s Party claimed 65 seats in the vote, more than doubling its representation in the regional assembly, with Sanchez’s Socialists getting 24 and falling to third place in number of votes behind a ...

Bloomberg Vietnam has ordered a strict border control after lengthening the quarantine period to include additional time at home and imposing some movement restrictions as it traces the recent flare up in coronavirus cases to overseas travellers. During a virus task force meeting, Deputy Prime Minister Vu Duc Dam ordered intensified inspections on arriving travellers, according to a post on ...

Bloomberg Chancellor Angela Merkel’s coalition is rapidly revising its pandemic strategy over concerns its controversial lockdown law may suffer a court setback, which would be the second legal defeat in quick succession just months before September elections. Germany’s Constitutional Court is considering at least 289 challenges to the law, which was pushed through in April after authorities failed to find ...

Bloomberg Citigroup Inc’s retail operations in Australia are drawing interest from a host of local lenders, according to people familiar with the matter. National Australia Bank and Australia & New Zealand Banking Group Ltd., the country’s third- and fourth-largest lenders by value, are in talks with Citigroup over the assets, the people said, asking not to be identified as the ...

Bloomberg Italy is mulling extending the fiscal benefits for banking mergers and acquisitions it introduced at the end of last year, according to a draft decree seen by Bloomberg. The move could further entice potential buyers of state-owned Banca Monte Paschi di Siena SpA, which Italy must sell before the end of 2021 as part of an agreement with the ...

Bloomberg Australia’s securities regulator is probing Westpac Banking Corp on allegations of insider trading, just months after the country’s second-biggest lender paid a record fine to settle breaches of anti-money laundering laws. The allegations relate to Westpac’s role in executing a A$12 billion ($9.3 billion) interest-rate swap transaction with a consortium of AustralianSuper Pty Ltd and a group of IFM ...