BusinessRecovery plan is opportunity of the century for EU - Commission head
Jan Strupczewski
3 minutes read
European Commission President Ursula von der Leyen attends the debate on EU-UK trade and cooperation agreement during the second day of a plenary session at the European Parliament in Brussels, Belgium April 27, 2021. Olivier Hoslet/Pool via REUTERS
The European Union s 750 billion euro plan to rebuild the economy greener and more digital after the pandemic is an opportunity of the century for the bloc, the head of the European Commission Ursula von der Leyen said on Tuesday.
In a video message issued shortly before France and Germany are to jointly present their national plans on how to spend their share of the EU fund, von der Leyen said the EU executive would make sure the multi-year schemes lived up to expectations.
BusinessEXCLUSIVE U.S. watchdog mulls guidance to curb SPAC projections, liability shield -sources
Anirban SenJoshua FranklinChris Prentice
1/2
File photo: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst
Read More
The U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify when they qualify for certain legal protections, according to three people with knowledge of the discussions.
The previously unreported measures being weighed by staff at the Securities and Exchange Commission (SEC) would escalate its crackdown on the deal frenzy in special purpose acquisition companies, or SPACs, which it worries is putting investors at risk.
Autos & TransportationEXCLUSIVE Chinaâs Didi picks Goldman, Morgan Stanley for mega U.S. IPO-sources
Julie Zhu
1/2
A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo/File Photo
Read More
Chinaâs top ride-hailing firm Didi Chuxing has mandated Goldman Sachs (GS.N) and Morgan Stanley (MS.N) to lead its blockbuster IPO and plans to file confidentially for the New York float this month, two people with knowledge of the matter said.
Didi, backed by Asian technology investment giants SoftBank (9984.T), Alibaba and Tencent (0700.HK), is looking to list as soon as July, according to the people.
Retail & ConsumerJessica Alba s Honest Co targets $1.5 bln valuation in U.S. IPO
Reuters
1/2
Actress Jessica Alba, co-founder of The Honest Company, speaks during the TechCrunch Disrupt event in Brooklyn borough of New York, U.S., May 11, 2016. REUTERS/Brendan McDermid
Read More
Jessica Alba s Honest Co said on Monday it was aiming for a valuation of over $1.5 billion in its initial public offering in the United States.
Alba, known for her roles in film Fantastic Four and TV series Dark Angel , in 2011 co-founded Honest, which touts its baby products as a safer alternative to those that use synthetic chemicals.
But it came under the scanner in 2016, when a lawsuit said its products contained a harsh chemical it had pledged to avoid.
EnergyEXCLUSIVE Qatar Petroleum plans debut dollar public bond sale - sources
Davide BarbusciaYousef Saba
3 minutes read
Cars are parked outside the headquartes of Qatar Petroleum in Doha, Qatar, July 8, 2017. Picture taken July 8, 2017. REUTERS/Stringer
Qatar Petroleum (QP) is planning its first ever U.S. dollar-denominated public international bond sale, two sources said, the latest Gulf energy giant to tap debt markets in an age of lower energy prices.
The world s top liquefied natural gas (LNG) supplier sent banks a request for proposals for the planned debt sale in the last few weeks, the sources said, with one of them adding it will likely raise billions of dollars.