Bank of America

Carlyle Picks Banks for $4.7 Billion Acrotec’s Zurich IPO

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(Bloomberg) — Carlyle Group Inc. has selected banks for an initial public offering of Acrotec Group, which could be valued at as much as 4 billion Swiss francs ($4.7 billion), according to people familiar with the matter. Bank of America Corp., Morgan Stanley and UBS Group AG are working on the potential Zurich listing of … Read more

Oil surges ahead of inflation data after lacklustre week; brent crude at $82.88/bbl

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Oil surges ahead of inflation data after lacklustre week; brent crude at $82.88/bbl

Oil prices saw a slight increase in subdued trading due to public holidays in Britain and the United States. This followed a week marked by concerns over U.S. interest rates amidst persistent inflation.  The Brent crude July contract rose by 76 cents to $82.88 per barrel by 1411 GMT, while the more active August contract … Read more