The value of global mining and metals deals hit 4-yr high in 2017, according to accountancy firm EY, as financial distress abated and companies sold off non-core assets.
Diversified firm Religare Enterprises will raise over Rs 916.42 crore by issuing warrants convertible to equity.
Italian mid-sized bank Credito Valtellinese launched a 700 million euro share issue, aiming to raise eight times its market value in capital to restructure.
Japan’s steel industry said the U.S. Commerce Department proposal to President Donald Trump to impose curbs on steel imports violate the principles of free trade.
Alibaba and Tencent, worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers’ digital wallets.