European stocks gain ahead of earnings; China adds stimulus
European shares were slightly higher in early trading on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week.
Private equity behemoth TPG aims for over $9 bln valuation in U.S. IPO
TPG is aiming for a valuation of as much as $9.3 billion in its U.S. initial public offering, as the private equity powerhouse finally moves closer to a stock market flotation after toying with the idea of going public for several years.
Factbox: U.S. banks tighten COVID-19 precautions as Omicron variant spreads
U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant.
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.
U.S. to be world’s biggest LNG exporter in 2022
The United States is set to become the world’s biggest liquefied natural gas (LNG) exporter in 2022, surpassing Qatar and Australia, and may hold that title for years to come.
Global M&A activity smashes all-time records to top $5 trillion in 2021
Dec 20 (Reuters) – Global merger and acquisition (M&A) activity shattered all-time records in 2021, comfortably erasing the high-water mark that was set nearly 15 years ago, as an abundance of capital and sky-high valuations fuelled frenetic levels of dealmaking.
Oil prices head for weekly loss on Omicron coronavirus uncertainty
Oil prices dipped on Friday, putting the market on track for a narrow weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly.
Beijing rule changes to revive China’s IPO prospects in 2022, bankers say
Greater China’s flagging initial public offerings (IPOs) are set to get a fillip in 2022 from the expected unveiling of new rules by Beijing for Chinese firms’ offshore listings, giving clarity to jittery investors, investment bankers and analysts said.
U.S. SEC to tighten insider trading rules, boost money market fund resilience
The U.S. Securities and Exchange Commission (SEC) on Wednesday proposed tightening a legal safe-harbor that allows corporate insiders to trade in a company’s shares, and other rules to improve the resilience of money market funds.
LG Energy Solution targets up to $10.9 bln in S.Korea’s biggest IPO
LG Energy Solution (LGES) is likely to raise up to 12.8 trillion won ($10.87 billion) in what could be South Korea’s biggest initial public offering as the battery maker seeks funds to expand and meet booming demand for EV batteries.
