Oil rises on prospect of OPEC+ supply cut
Oil rose on Monday, extending last week’s gain, as potential OPEC+ output cuts and conflict in Libya helped to offset a strong U.S. dollar and a dire outlook for U.S. growth.
Analysis: Private equity’s swoop on listed European firms runs into rising execution risks
European listed companies have not been this cheap for more than a decade, yet for private equity firms looking to put their cash piles to work, costlier financing and stronger resistance from businesses are complicating dealmaking.
China’s Didi plans Hong Kong ‘listing by introduction’, picks banks -sources
China’s ride-hailing giant Didi Global (DIDI.N) plans to use a mechanism that will allow it to list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York, two people with knowledge of the matter said.
SenseTime launches Hong Kong IPO to raise up to $767 mln -term sheet
Chinese artificial intelligence startup SenseTime Group is looking to raise up to $767 million in its Hong Kong initial public offering (IPO), according to a term sheet seen by Reuters.
Asian factories shake off supply headaches but Omicron presents new risks
Asian factory activity grew in November as crippling supply bottlenecks eased, but rising input costs and renewed weakness in China dampened the region’s prospects for an early, sustained recovery from pandemic paralysis.
Australia banking watchdog publishes long-awaited capital rules
Australia’s banking regulator published on Monday a final set of rules asking banks to hold more capital against investor and interest-only home loans but less for business loans, in a move expected to affect loan pricing.
Leadership shake-up to test Mexican central bank as inflation soars
Mexican President Andres Manuel Lopez Obrador’s surprise shakeup of the nomination process for the Bank of Mexico’s (Banxico) next chief has cast doubt over the bank’s rate-tightening cycle as it battles to keep high inflation in check.
Australia Q3 business investment slips, outlook surprisingly resilient
Australian business investment slipped in the third quarter as pandemic lockdowns shut many firms, though future spending plans proved surprisingly resilient and a rapid recovery is expected now that most restrictions have been lifted.
Blizzard-hit SoftBank launches buyback after $10 bln Vision Fund loss
SoftBank Group Corp (9984.T) slumped to a quarterly loss on Monday, as its Vision Fund unit took a $10 billion hit from a decline in the share price of its portfolio companies and as China’s regulatory crackdown on tech firms weighed.
Credit Suisse Chairman Horta-Osorio says big investors back overhaul
Credit Suisse’s (CSGN.S) big shareholders back the scandal-hit bank’s new strategy, Chairman Antonio Horta-Osorio told Swiss newspaper NZZ am Sonntag, adding the group would also overhaul its pay system for executives to reduce risk.
