Hedge funds that took control of Europcar Mobility Group in a complex debt restructuring earlier this year are set to cash in more than twice the amount they invested after Volkswagen AG agreed to buy the company.
Honda Motor Co. boosted its operating income forecast for the full year but gave guidance that missed analyst estimates, a disappointment for investors as the Japanese automaker embarks on an ambitious plan under Chief Executive Officer Toshihiro Mibe to go all electric by 2040 and make highly autonomous cars a reality.
The epicenter of a third wave of coronavirus cases in South Africa that’s being driven by the highly infectious delta variant has shifted from the economic hub of Gauteng to Cape Town and the surrounding Western Cape province, where hospitals are at risk of being overwhelmed.
Tanmiah Food Co. jumped 30% on its trading debut in Saudi Arabia, in another sign of pent up demand for initial public offerings in the kingdom.
Barclays Plc has hired Kunal Ahuja from Standard Chartered Plc as head of mergers and acquisitions in Southeast Asia as the lender seeks to bolster its share of the region’s dealmaking boom, according to people familiar with the matter.
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