WASHINGTON, July 22 President Donald Trump and U.S. congressional leaders reached a deal on Monday on a two-year extension of the debt limit and federal spending caps that would avert a feared government default later this year but add to rising budget deficits.
July 22 Private equity firm Catalyst Capital Group Inc on Monday offered to buy an estimated C$150 million stake in Hudson's Bay Co, and said it will oppose Executive Chairman Richard Baker's C$1.74 billion take-private proposal.
July 22 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:
NEW YORK/PHILADELPHIA, July 22 Philadelphia Energy Solutions filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East Coast.
* Energy stocks rally on rising oil prices (Updates to close)
LONDON, July 22 Britain said on Monday it would scrutinise the acquisition of satellite communications firm Inmarsat by a private equity-led consortium to examine any potential impact on national security.
July 22 Occidental Petroleum Corp on Monday sharply criticized activist investor Carl Icahn's efforts to oust and replace four of its directors, and attacked his slate of board nominees as inadequate for the job.
SINGAPORE, July 23 Warburg Pincus-backed image recognition technology firm Trax, a startup that counts Heineken and Nestle among its clients, said it has raised $100 million in its latest funding round, becoming Singapore's second unicorn.
NEW YORK, July 22 Commission-free stock trading startup Robinhood said on Monday it has raised $323 million in a new round of funding that values the company at $7.6 billion.
TOKYO, July 22 Japan's Toshiba Memory said there was a "good chance" of acquisitions as it pushes to increase its share of the market for advanced storage products used in data centres.
Shares in British fashion retailer Ted Baker surged as much as 17% on Monday on reports that its founder and former chief executive Ray Kelvin would support a private equity buyout months after he quit over allegations of misconduct. | Video
MUMBAI/BENGALURU Kotak Mahindra Bank Ltd reported a 32.7% jump in its first-quarter profit on Monday, but its results fell marginally shy of estimates and it became the third private-sector Indian bank in a row to sound a cautionary note about the slowing pace of domestic growth.
- Rise in India government borrowing can weigh on corporate sector - RBI's Acharya
- India government wants antitrust review of Big Four accountants: source
- RBI's Shaktikanta Das says change in stance as good as additional 25 bps rate cut - reports
- Auditors to India's DHFL raise red flags around quarterly results