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Month: August 2021

Strong pay-rolls pep up Treasury yields

The latest US non-farm payrolls data produced a much stronger than expected growth in US employment, intensifying a sell-off in rates. Attention is turning to the US CPI data, which is released on Wednesday and

Chicago Improv Was Dead. Can New Leaders Revive It?

The past year left the city’s two most prominent institutions reeling. Now, outsiders are helping to guide the re-emergence of these celebrated comedy centers.

KKR Grows Industrial Footprint in Denver with Purchase of Park 70

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that KKR has acquired Park 70, a Class A industrial building totaling approximately 164,000 square feet located in Aurora, Colorado. The purchase is KKR’s

China property bond market struggles after ‘horrendous’ period

Chinese property bond issuers continue to remain under pressure amid waning investor sentiment and underperformance of deals in the secondary market. While some companies are attempting to claw their way back, the sector still faces

The week in review: July forex reserves hit five-year high, JPM gets JV full ownership nod, Blackstone’s Soho China acquisition faces review

In this round-up, China’s foreign exchange reserves reach the highest level in five years, JP Morgan receives approval to fully own an onshore securities company, and Beijing launches a review of Blackstone’s $3.05bn take-private of

Electric! Li Auto seals $1.5bn secondary listing

Chinese electric vehicle maker Li Auto has raised HK$11.8bn ($1.52bn) from a secondary listing that received strong support from investors.

Great Wall joins ABS rush for Rmb3.2bn deal

Tianjin Great Wall Binyin Automotive Finance Co has continued its foray into the internationally rated ABS market since its first such deal onshore over a year ago, returning for a Rmb3.2bn ($494m) transaction at the

Fast food franchisee Devyani seals Rp18bn IPO

Devyani International, India’s largest franchisee of Pizza Hut, KFC and Costa Coffee, has raised Rp18.38bn ($247.6m) from a listing of primary and secondary stock.

Russian court hands Michael Calvey suspended sentence for embezzlement

U.S. private-equity investor’s sentencing caps court case watched closely by global business community for more than two years

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