Rachel Armstrong
Stories by Rachel Armstrong
Germany’s Delivery Hero takes 5.09% stake in UK-listed rival Deliveroo
Early moves towards consolidation have resulted in a number of cross-shareholdings in the sector.
HSBC says Asia Pacific CEO Peter Wong to retire
He is to be replaced by David Liao and Surendra Rosha who will jointly run the region.
Deliveroo looks to sell $1.4b new shares in what may be biggest London IPO in 7 years
The deal is expected to value the firm upwards of $7b.
Paytm could turn profitable this year, says founder Vijay Shekhar Sharma
Paytm was valued at about $16 billion during a private fundraising round in 2019.
Chinese car maker Geely in $300m deal to control Denmark’s Saxo Bank
Finland's Sampo Oyj will also buy a 19.9% stake in Saxo Bank for $311 million.
China market lures SGX-listed Sino Grandness to tap HK for beverage unit IPO
Rising incomes and urbanization in China, the world’s most populous country, have stoked demand for everything from cars to refrigerators and food.
HSBC rejects move to Hong Kong; decision boosts London’s status as global financial centre
Gyrations in Chinese markets coupled with concerns about China's increasing influence over Hong Kong and its independent status meant it was seen as i