Funding & Business
Richard Li’s FWD Group Falls in HK Debut After $442 Million IPO
Billionaire Richard Li’s FWD Group Holdings Ltd. declined in its trading debut in Hong Kong after raising HK$3.5 billion ($442 million) in an initial public offering, a bid to capitalize on the city’s listing resurgence years after its initial try.
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Israel’s central bank is set to hold interest rates for a 12th consecutive time, with policymakers waiting to see if the shekel’s recent rally helps tame inflation and paves the way for a cut.
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FTSE 100 Live: UK Stocks Dip, Pound Slips Closer to $1.36
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Mikio Okumura, Group CEO at Sompo Holdings, discusses the insurer’s business strategy and sees potential acquisitions opportunities in the US, Canada, Europe. He speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg: The Asia Trade”. (Source: Bloomberg)
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