WeWork is selling control of its China operations in a deal that further reduces the group’s global footprint after disruption from the coronavirus pandemic compounded its financial woes. Private equity firm Trustbridge Partners, an existing shareholder, is paying...
Chindata Group Holdings Ltd. is looking to raise as much as $540 million in its U.S. initial public offering, hoping to ride a wave of investor interest for companies seen to be benefiting from the stay-at-home trend. Chindata plans to sell 40 million American...
TikTok seeks to temporarily block the removal of its app from U.S. stores. Ant Group files for a Hong Kong share sale. Asian equities face a down day after Fed’s Powell says he needs more stimulus. Here are some of the things people in markets are talking about...
The World Bank’s private-sector arm has introduced new climate change conditions for its investments in commercial banks to encourage the lenders to wind down support for coal projects in Africa and Asia. The International Finance Corporation (IFC), which owns equity...
United Wholesale Mortgage is to go public via a merger with a blank-cheque company that values the mortgage lender at $16bn, in the largest such deal to date. Gores Holdings IV, the fourth special purpose acquisition company (Spac) backed by Los Angeles billionaire... 