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UBS Raises Brent Forecasts, Sees Undersupplied Oil Market

2020-06-18 15:12:20| OGI

The bank raised its forecast for Brent to $40 per barrel by the end of September, from $32, and to $45 per barrel by the end of December, from $43.

Tags: market oil sees raises

 

Ted Baker raises GBP105m to invest in business

2020-06-18 13:11:00| Daily apparel & textile news and comment - from just-style.com

Struggling UK fashion retailer Ted Baker has raised GBP105m (US$131.2m) in capital to reduce its debt and invest in new efforts to try to turn the business around after posting a near GBP80m annual loss earlier this month.

Tags: business ted invest baker

 
 

BP Reportedly Raises $12 Billion in Debt

2020-06-18 11:10:00| OGI

British oil major BP Plc raised $12 billion of debt with equity-like features, taking advantage of low interest rates to fortify its balance sheet, the Financial Times reported.

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China's JD.com raises almost $4bn in Hong Kong share sale

2020-06-18 04:53:40| BBC News | Business | UK Edition

Shares in China's second largest online retailer jumped by more than 5% on their Hong Kong Stock Exchange debut.

Tags: share sale hong kong

 

Tencent raises USD 6 bln in bond offering, pledges investment of USD 70 bln into cloud, AI, cybersecurity

2020-05-29 15:43:00| Telecompaper Headlines

(Telecompaper) The company has pledged to invest USD 70 billion into new infrastructure over the coming five years, Reuters noted, citing a statement to state media by company SVP Dowson Tong. The money will go into cloud computing, artificial intelligence and cybersecurity, and namely in blockchain, servers, big data centres, supercomputer centres, IoT operating systems, 5G networks and quantum computing.

Tags: investment offering usd bond

 

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