Conservative Leader Pierre Poilievre has pledged to eliminate Canada’s 5% national sales tax on new homes priced under C$1 million if he becomes prime minister. This move aims to make housing more affordable for Canadians.
Volkswagen AG's truckmaking brand, Scania, has announced plans to equip all its future electric trucks with batteries from Northvolt. This move signals a vote of confidence for the Swedish battery maker, which is currently seeking a rescue package amid financial struggles. Scania's commitment could help bolster Northvolt's position in the competitive electric vehicle market.
Boeing Co. has announced a massive nearly $19 billion share sale, marking one of the largest by a public company. This move aims to tackle the company’s urgent liquidity issues and avoid a potential downgrade to junk status for its credit rating.
Belfius Bank SA and Landesbank Baden-Wuerttemberg are looking to raise new Additional Tier 1 capital. This move comes as they aim to repay bonds that initially seemed at risk but have surprisingly turned into the year's top-performing notes.
Weaker crude prices and falling refining margins are pushing four of the five major oil companies to borrow money for $15 billion in share buybacks this past quarter. This raises concerns about the long-term sustainability of these payouts.
Pick n Pay Stores Ltd. has announced plans to list its low-cost Boxer business on the Johannesburg Stock Exchange by the end of the year. The move aims to raise up to 8 billion rand, which would make it the largest offering on the continent this year.
Oman’s OQ Exploration & Production saw its shares drop after a notable $2 billion initial public offering. This decline is surprising as Middle Eastern listings usually see strong early gains.
Vietnam is considering new rules to limit retail investors' ability to buy or trade private corporate bonds. This move aims to protect individuals from the risks associated with the often volatile debt market. The government is looking to ensure investor safety while addressing concerns over market stability.
Shares of Waaree Energies Ltd. surged nearly 75% in their trading debut following a $514 million initial public offering. As India's largest solar-panel manufacturer, this strong performance has reignited optimism in the market after last week’s disappointing outcome from the nation’s biggest IPO.
Chinese stocks managed by passive funds have now surpassed those managed by active funds, marking a significant milestone in the country's investment landscape. This shift highlights China's rapid progress in aligning with the global trend toward passive investing.
