(Bloomberg) — Lottomatica, the Italian gambling company backed by Apollo Global Management Inc., is considering a Milan initial public offering this year that could raise about $1 billion, people familiar with the matter said.
Saudi National Bank, which holds about a 10% stake in Credit Suisse AG, said it will raise its paid-up capital by $4.1 billion to strengthen its financial position.
Asos Plc shares soared after the struggling fast-fashion retailer said it was making headway in its plans to turn around its performance.
JPMorgan Chase & Co. has hired executives from Bank of America Corp. and Deutsche Bank AG to expand its corporate banking services for mid-sized companies outside the US.
The United Arab Emirates has named Sultan al Jaber, head of the national oil company, as president for the COP28 climate summit that will be held in Dubai later this year.
Taiwan Semiconductor Manufacturing Co. expects a further easing to a chip crunch that’s restricted production in the global automotive industry, including for giants like Toyota Motor Corp. and General Motors Co.
China hasn’t updated its daily Covid reports for three days, adding to global concerns that the information vacuum is masking the true impact of the world’s biggest outbreak.
Ubisoft Entertainment SA said it expects full-year operating income will be in the red as delayed games and lower net bookings hurt the French game studio’s bottom line.
India has relocated some troops from areas surrounding a sinking Himalayan town that’s near a disputed border with China, Army Chief Manoj Pande said.
Seven distinct methane clouds were observed near Burgan oilfield infrastructure in October.
