Apollo Global Management Inc. is launching its first-ever fund dedicated to asset-based financing, laying the groundwork for what the firm is telling investors could be the largest vehicle of its kind in the market.
Beneath the very public collapse of Adidas AG’s multibillion-dollar sneaker deal with Ye is a private legal battle over a $100 million-a-year marketing fund.
Europe’s market for initial public offerings is slowly stirring back to life but it will be a while before there’s a rush of new deals, according to bankers at Bank of America Corp.
The euro-area economy avoided a winter recession after all, with revised data showing it stagnated at the start of this year instead of shrinking as previously thought.
Alef Education, an Abu Dhabi-based edtech firm, is considering an initial public offering in the United Arab Emirates as the number of student enrollments surges, according to people familiar with the matter.
Thai students from the nation’s biggest universities called for protests against lawmakers who blocked election winner Pita Limjaroenrat from being nominated for the prime minister’s post, marking growing anger among the people.
GLP Pte is in talks with state-owned China Logistics Group Ltd. about potentially selling some of its assets in China, according to people familiar with the matter, as the owner and operator of logistics real estate seeks to cut its borrowing.
In a muggy cafe near the boardwalk of Mexico’s Ciudad del Carmen, a ship company manager unlocks his phone to show a list of 26 firms owed money by the state-owned oil company. The screenshot was followed by a WhatsApp message: “I can help them get paid, in case you know of any who are interested.”
Sweden’s pension system is increasingly caught up in a property crisis that’s hit commercial landlords, with one of the state-owned pension funds joining peers that have taken losses on its investments in real estate assets.
China’s latest pledges to rebuild a shattered private sector fell flat with investors, underscoring the damage two years of crackdowns and pandemic controls have had on confidence in the world’s second-largest economy.
