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Blackstone says no blanket policy to tap credit lines
(Reuters) – Private equity firm Blackstone Group Inc <BX.N> does not have a sweeping directive in place to encourage companies in its portfolio to draw down credit lines in a bid to ride out the coronavirus pandemic, the company said in a statement. Bloomberg reported on Wednesday that the company had sent a directive to […]
As White House plans U.S.-China Phase 1 ceremony, still no final deal text
By Andrea Shalal and Jeff Mason WASHINGTON (Reuters) – The Trump administration has invited at least 200 people to a Jan. 15 ceremony to witness the signing of the Phase 1 trade deal between the United States and China, but the two nations have not yet finalized what, exactly, will be signed, White House officials […]
Aramco, Alibaba rescue sluggish 2019 global ECM market
By Clara Denina and Abhinav Ramnarayan LONDON (Reuters) – Giant listings by Saudi Aramco <2222.SE> and Alibaba <9988.HK> rescued a sluggish year for equity capital markets (ECM) in 2019 after a string of shelved initial public offerings (IPOs) and share price slumps. Proceeds from global equity capital markets (ECM) fell 4.7% to $659 billion in […]