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Market News
March 11, 2021
U.S.’s Top Selling Japanese Beer Plans New Brewery to Cut Costs
Sapporo Holdings Ltd. is planning to set up a brewery in the U.S. by the end of 2024, as the top-selling Japanese beer in the American market seeks...
March 11, 2021
Pimco Advances a Blanket Denial in Sexual Harrasment Lawsuit
Pacific Investment Management Co. advanced an aggressive, categorical denial to recent claims that female employees were sexually harassed and...
March 11, 2021
Platinum Equity Weighing Sale of Singapore Electronics Maker PCI
Platinum Equity, a buyout firm founded by American businessman Tom Gores, is weighing exiting its investment in Singapore electronics manufacturing...
March 11, 2021
Hydro Tasmania Weighing Sale of Power Retailer Momentum Energy
Australian hydro-electric power utility Hydro Tasmania is considering selling its mainland power retail business Momentum Energy Pty, said people...
March 11, 2021
Premier Li’s Annual Briefing; Hong Kong Decision: NPC Update
China’s biggest political gathering of the year comes to a close Thursday, with the National People’s Congress expected to approve overhauls to...
March 11, 2021
Verizon to Tap Debt Market to Pay $36 Billion Tab on 5G Airwaves
Verizon Communications Inc. made an $8.2 billion payment to the U.S. Treasury Wednesday and expects to go to the debt market to help finance the...
March 11, 2021
Gold Steadies After Two-Day Gain as Stimulus, Inflation in Focus
Gold steadied after advancing for two days as investors weighed the prospects of further U.S. stimulus and the latest reading on inflation.
March 11, 2021
Citi’s Punishment of Revlon Lenders Extends to CLOs, Trading
Citigroup Inc.’s freeze-out of firms that kept the bank’s errant $500 million sent to Revlon Inc. lenders excludes them from more than just new...
March 11, 2021
EU Threatens to Scrap Trade Deal If Australia Doesn’t Ditch Coal
Australia’s bid to reach a free-trade deal with Europe just got a little harder, due to its refusal to set a hard target to reach net-zero carbon...
March 11, 2021