business

WeWork reports quarterly loss of nearly $2.1 bln ahead of public listing

SoftBank-backed office-sharing startup WeWork on Thursday reported a first-quarter net loss of $2.06 billion, as it was hit by restructuring…

5 years ago

Oatly, Procore debuts calm U.S. IPO jitters

Strong stock market debuts by oat milk maker Oatly Group AB (OTLY.O) and construction software firm Procore Technologies (PCOR.N) eased…

5 years ago

Apollo co-founder Josh Harris to step down from private equity firm

Apollo Global Management Inc (APO.N) said on Thursday co-founder Joshua Harris has decided to step down from his day-to-day role,…

5 years ago

JD Logistics to raise $3.16 bln in Hong Kong IPO -sources

JD Logistics Inc is set to price its shares at HK$40.36 ($5.20), towards the lower end of its indicated range,…

5 years ago

Bank of England plans to ‘green’ its corporate bond holdings

The Bank of England set out plans on Friday to make its 20 billion pounds ($28.4 billion) of holdings in…

5 years ago

Asian tech shares track Nasdaq gains as inflation fears recede

Asian tech and growth stocks rallied on Friday, following Wall Street's overnight lead, as investors tempered fears about hot inflation…

5 years ago

EOS Hermes says yet to decide on MUFG climate shareholder resolution

EOS at Federated Hermes has yet to decide if it will back a shareholders' resolution sponsored by activists seeking to…

5 years ago

Austria’s S Immo says rival Immofinanz’s 1.1 bln euro bid is too low

Vienna-based real estate group S Immo (SIAG.VI) said on Wednesday that rival Immofinanz's 1.14 billion euro ($1.39 billion) offer to…

5 years ago

Cisco forecasts profit below estimates, cites supply chain issues

Cisco Systems Inc (CSCO.O) on Wednesday cautioned that supply chain issues will linger through the end of 2021 and forecast…

5 years ago

Wall Street closes lower after Fed minutes, crypto fall

Wall Street’s main indexes closed lower on Wednesday after minutes from an April Federal Reserve meeting showed participants agreed the…

5 years ago