Friday 27 May 2022

Reuters Business: U.S. equity funds pull first weekly inflow in seven weeks

U.S. equity funds pull first weekly inflow in seven weeks

U.S. equity funds attracted net inflows in the week to May 25 as shares rallied, with stock markets breaking the longest streak of weekly declines since the dotcom bubble burst.

Exclusive: Japanese buyout firms JIP, Polaris considering bids for Toshiba

Japanese buyout firms Japan Industrial Partners (JIP) and Polaris Capital Group are each considering participating in bids for Toshiba Corp , two people familiar with the matter said on Friday.

China developer Greenland seeks to extend $488 million bond payment

State-backed Chinese property developer Greenland Holdings said on Friday it plans to extend the repayment of its $488 million offshore bond maturing in June by one year, according to a transcript seen by Reuters and confirmed by sources who attended an investor call.

Pot producer Canopy Growth posts wider core loss, shares slump

Canopy Growth Corp , on Friday reported a larger adjusted core loss for the fourth quarter, as demand for cannabis fell from COVID-19 lockdown-induced highs, sending shares of the Canadian pot producer about 10% down.

Chinese automaker FAW Group considers buying stake in Didi Global, Bloomberg reports

China's FAW Group is considering acquiring a significant stake in Didi Global Inc , Bloomberg News reported on Friday, days after the ride-hailing giant received shareholders' nod to delist from the U.S. in an attempt to appease Chinese regulators.

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Abu Dhabi's first SPAC lists after raising about $100 million

Abu Dhabi's first special-purpose acquisition company listed on Friday, raising $100 million in the share sale, its co-owners said.

Hong Kong seeks to revive global banking status with major summit

Hong Kong's central bank plans to hold a major conference in November it hopes will draw global banking bosses, sources said.

Google in talks to join India's open e-commerce network ONDC

Alphabet Inc's Google is in talks with the Indian government to integrate its shopping services with the country's open e-commerce network ONDC, two sources familiar with the matter told Reuters.

Futures inch up ahead of economic data, Gap slumps on outlook cut

U.S. stock index futures edged higher on Friday ahead of data which will likely offer clues on U.S. consumer spending strength against the backdrop of red-hot inflation, while shares of Gap slumped after the retailer slashed its annual forecast.

EXCLUSIVE Evergrande discussing staggered payments, debt-to-equity swaps for $19 bln offshore bonds-sources

China Evergrande Group is considering repaying offshore public bondholders owed around $19 billion with cash instalments and equity in two of its Hong Kong-listed units, two sources said, as the world's most indebted developer struggles to emerge from its financial crisis.

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