Category: finance
Del Monte plans $600-M equity raising to erase debt
MANILA, Philippines — Canned fruit maker Del Monte Pacific Ltd. (DMPL) is planning to raise up to $600 million from the issuance of new shares in its Philippine business to cut its liabilities. In a regulatory filing on Tuesday, the Campos-led company said it was considering an equity raise through private placement at Del Monte
US Banks Are Taking Aim at a European Weak Spot
All’s fair in love and politics — and international bank capital rules. US financial watchdogs are making mischief with European standards that give lenders relief by treating the euro zone as a single domestic market. The Americans have a point: The bloc is not a single market for banking and that’s been a problem when things go wrong. But they doubtless have an ulterior motive born of the political obstacles to reforming some of their own rules to help big US banks compete harder with their Eu
Toyota Financial starts P2-B bond offer
MANILA, Philippines – Toyota Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings Inc., began its maiden bond offer on Monday, aiming to raise P2 billion from the debt market. In a regulatory filing on Monday, GT Capital said TFSPH’s issuance would involve two-year bonds and three-year bonds, with fixed rates
BSP seen keeping key rates steady
The Bangko Sentral ng Pilipinas (BSP) is expected to leave interest rates unchanged this week, pausing after three consecutive cuts as officials wait for clearer signals on the state of the economy and weigh the peso’s slide. Ten out of 16 economists surveyed by the Inquirer last week projected that the Monetary Board (MB) will
Canara HSBC Life Insurance to launch IPO on October 10
Canara HSBC Life Insurance to launch IPO on October 10
Blackstone Explores $10B IPO or Sale for Ancestry.com
Blackstone Inc. (NYSE:BX) is one of the best American stocks to buy and hold for the next 3 years. On September 25, Reuters reported that Private equity firm Blackstone is currently exploring strategic options for Ancestry.com, the popular genealogy and DNA testing platform. These options include pursuing an Initial Public Offering/IPO or an outright sale […]
Kotak Mahindra’s average total deposits jump 14.4% to ₹5.1L crore
Kotak Mahindra Bank has announced its provisional financial results for the second quarter ended September 30.
Kotak Mahindra’s average total deposits jump 14.4% to ₹5.1L crore
Kotak Mahindra Bank has announced its provisional financial results for the second quarter ended September 30.
OpenAI has acquired this AI-backed personal finance app
OpenAI has acquired this AI-backed personal finance app
Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session
The S&P 500 and Dow achieved record closing highs Friday, navigating a volatile session amid an ongoing government shutdown. Interest rate-cut expectations strengthened, driven by weak economic data, including contracting services employment. Traders now anticipate a Fed rate cut in October as almost certain, with another probable in December, despite concerns about a prolonged shutdown’s impact.
The New York Times
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