Myer, Australia’s largest department store chain, plans to raise up to A$2.34 billion ($2 billion) in a share offering that will test investor appetite for new equity as the global economy shows signs of recovery.
The offering is expected to attract a large retail investment base as well as institutional investors. Myer’s 3.1 million loyalty card holders were able to
GlaxoSmithKline has sealed a 1.5 billion euro (1 billion dollar) deal with Brazil, guaranteeing sales of its pneumococcal vaccine over the entire life of the product, the Financial Times said on Monday.
GSK will receive a starting price for the vaccine, aimed at preventing
The first sale in Hong Kong of Chinese government bonds denominated in the mainland’s yuan began Monday, adding to Beijing’s gradual campaign to expand the use abroad of its tightly controlled currency.
Banks took applications from the public for a portion of the 6 billion yuan
Lighting manufacturer Bright International said it would buy gold mines in China for a total of HK$7.41 billion ($956 million) to tap rising prices of the precious metal.
The firm would issue convertible notes and promissory notes, and pay cash
Toyota is preparing a $1 billion marketing campaign to boost U.S. sales in the fourth quarter, while also expanding its line of hybrid models under the Prius name.
The $1 billion will include a media campaign, as well as buyer and dealer incentives, including sweeteners for leasing.
Oracle shares fell sharply in after-hours trading Wednesday after the database software maker reported quarterly sales that missed Wall Street forecasts.
The company reported net income of $1.1 billion, or 22 cents per share, for the three months ended Aug. 31. That was up 8% from earnings of $1.07 billion, or 21 cents per share, a year earlier.
