Funding & Business
Ex-Virgin Australia Boss Hrdlicka Receives $33 Million Payout
Former Virgin Australia Holdings Ltd. Chief Executive Officer Jayne Hrdlicka left the airline with a final package of A$50 million ($33 million), a windfall that makes her one of the country’s best-paid leaders.
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China’s economy likely endured another month of weakness in August, with a slowdown in industrial output and investment offsetting a slight improvement in retail sales.
Official data due Monday will show factory production increased 5.6% in August from a year earlier, down from a 5.7% gain in the previous month, according to the median forecast in a Bloomberg survey. Retail sales growth is expected to pick up slightly to 3.8% after the weakest gain all year, while fixed-asset investment probably had its slowest expansion in almost half a decade.
Zijin Gold International Co. is planning to begin gauging investor interest as soon as next week for a Hong Kong initial public offering that may fetch more than $3 billion, according to people familiar with the matter.
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Black Rock Coffee Bar Inc., an operator of a drive-through-focused coffee chain, raised $294.1 million in a US initial public offering that priced above its marketed range.
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