Funding & Business
ICICI Prudential Asset Files for $1.2 Billion India IPO
ICICI Prudential Asset Management Co., India’s second-largest mutual fund manager by assets, filed preliminary documents for what could be the country’s second-biggest initial public offering this year.
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Warner Bros. Discovery Inc.’s junk bonds surged this week, handing big gains to investors that bet on the company when its future looked comparatively bleak. More such opportunities may be coming, according to money managers including Loomis Sayles & Co.
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Ukraine’s military intelligence unit struck the Bashneft PJSC Novoil oil refinery in Ufa, Bashkortostan, on Saturday, according to a person familiar with the operation.
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While signs of distress at the subprime lender were largely unknown until this week, the company considered a Chapter 11 filing in August
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