A congressional panel overseeing the implementation of some coronavirus aid programs urged the Federal Reserve and Treasury to take more risk with taxpayer dollars and increase outreach efforts to deliver more aid to small and medium-sized businesses struggling...
Chinese electric vehicle (EV) manufacturer XPeng Inc said it hopes to raise up to $1.11 billion in its initial public offering (IPO) in New York, seeking to ride the enthusiasm for EVs even as U.S.-China relations remain strained. The company said on Friday it intends...
Virgin Australia Holdings Ltd. bondholders have withdrawn plans for a proposed recapitalisation of the airline that was meant to rival one from U.S. private equity firm Bain Capital, a spokesman for the bondholders said on Friday. Singapore’s Broad Peak and Hong...
The UK’s public debt has skyrocketed to just over £2tn for the first time amid the government’s spending drive to support the economy amid the coronavirus crisis. In July, net debt – excluding public banks – increased by nearly £230bn from the same period...
London-based private equity firm Hg and other buyout groups have agreed to invest in Norwegian software developer Visma Group. The deal, which values the company at $12.2bn, is one of the software sector’s biggest buyouts. Visma is a leading European software company... 