IHC, hungry for deals, plans IPOs in healthcare and IT

Pure Health IPO raises over $1 billion, CEO says Targets tech unit IPO in Q3, with $1 billion in assets Mull Eyes International Energy Holding IPO Next Year Planning purchases this year and next year, seeking a large loan ABU DHABI, Nov 24 (Reuters) – International Holding Company (IHC.AD) plans to sell 20% of its … Read more

As recession looms, UK businesses send SOS loans

Costlier credit, on tighter terms as banks assess risk Some business owners use their own money to fill in the gaps Funding crisis could deal another economic blow to Britain LONDON, Nov 17 (Reuters) – As inflation soars and recession looms, many British businesses are struggling to get affordable bank finance, putting pressure on the … Read more

HBR Consulting splits its legal advisory business with an investment in a private equity firm

Summary Companies Law firms Renovus Capital has acquired the consulting business of HBR Consulting HBR separates consulting from IT and managed services companies (Reuters) – HBR Consulting, which works with law firms and corporate legal departments, is splitting its core businesses into two entities as private equity firm Renovus Capital acquires part of the business, … Read more

Barclays strengthens its activities in Asia and sees its growth in India and Australia

SINGAPORE, Nov 2 (Reuters) – Barclays Plc (BARC.L), which recently made major investments in India and Australia and set up a subsidiary in Taiwan in July, is planning to enter new markets but is currently focusing on the development of its franchises, said the senior regional official. The British lender has rebuilt its Asian business … Read more

Saudi forum expected to draw U.S. business leaders amid tensions

US leaders head for kingdom despite political friction Riyadh strives to diversify its oil-dependent economy Investment levels remain below target For now, the oil windfall is helping the state spur development DUBAI, Oct 23 (Reuters) – A public spat between the United States and Saudi Arabia will not deter top Wall Street executives and U.S. … Read more

Emirates NBD revives equity business with Dubai IPOs

DUBAI, Oct 21 (Reuters) – Emirates NBD (ENBD.DU) has won a top spot in all of Dubai’s initial public offerings this year, raising its fees and reviving a long-dormant business amid fierce competition from local banks and international. Dubai’s biggest lender, majority-owned by the Dubai government, helped manage the IPOs of Dubai Electricity and Water … Read more

Analysis: The energy crisis is testing the resilience of Italian companies

The response to the energy crisis is essential for the economic outlook Bankers say businesses are more resilient than they are given credit Italy have done better than expected so far this year MILAN, Oct 21 (Reuters) – Italian media had only just begun reporting on the threat of winter gas rationing when Marco Checchi … Read more

Yellen to tout Biden’s tech investments in Virginia business incubator

WASHINGTON, Oct 19 (Reuters) – U.S. Treasury Secretary Janet Yellen is expected to resume her campaign to promote President Joe Biden’s economic initiatives on Friday, visiting a Virginia business incubator to tout U.S. investments in research, semiconductors, clean energy and other technologies. Treasury said Yellen would deliver a speech and meet with entrepreneurs from the … Read more

Nissan suffers a loss of 687 million dollars by selling its Russian activities for 1 euro

Sale to the Russian public entity NAMI Nissan has the right to buy back business within six years Renault sees its H2 net profit hit by 331 million euros following its move TOKYO, Oct 11 (Reuters) – Nissan Motor Co Ltd (7201.T) will sell its Russia business to a state-owned entity for 1 euro ($0.97), … Read more

Analysis: the crisis in the United Kingdom forces “shifted” companies to suspend their investments

Nervous companies abandon their investment plans The mini-budget forced borrowing costs higher Leaders want stability, not tax cuts LONDON, Oct 18 (Reuters) – British business owners are withdrawing investments as a crisis sparked in Westminster drives up borrowing costs and undermines confidence in an economy once seen by businesses as a haven of stability. Businesses … Read more