Business & Finance
Reuters was first to report[1] that Indian billionaire Mukesh Ambani is targeting a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, but plans to launch his retail unit’s IPO much later. The
Eyeing US election, China considers over $1.4 trillion in extra debt over next few years
EconomyGovernment
China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, a fiscal package which is expected to be further bolstered if Donald Trump Cybersecurity firm Rapid7 fields buyout interest
Business & Finance
Rapid7’s shares jumped more than 9% after Reuters revealed[1] that the cybersecurity firm is exploring options with its investment bankers after attracting acquisition interest from buyout firms.
Allianz weighs options for AllianzGI unit
Read more https://www.reutersagency.com/en/reutersbest/article/allianz-weighs-options-for-allianzgi-unit/
Engineering software firm Altair explores sale, sources say
Business & Finance
Altair Engineering’s shares jumped more than 14% on Tuesday after Reuters exclusively[1] reported that the engineering software maker is exploring a sale after receiving acquisition interest.
Starbucks suspends annual forecast as new CEO prepares turnaround plan
Carlyle quits bidding process for Thyssenkrupp marine arm
Business & Finance
Private equity firm Carlyle has dropped out of a process to buy the marine division of German conglomerate Thyssenkrupp, marking the latest blow to the firm’s ongoing restructuring efforts, Reuters exclusively reported[1]. Thyssenkrupp