Shares of Waystar, whose backers include EQT AB and Canada Pension Plan Investment Board, opened at $21 each, 2.3% lower than the IPO price. The shares traded at $20.88 each as of 1:43 p.m. The offering of 45 million shares priced at $21.50 apiece, the midpoint of a marketed range. At that price, Waystar has a market … Read more
(Bloomberg) — Credit investors got a dose of economic and geopolitical reality this week as hawkish comments from central bank officials about borrowing costs and tensions in the Middle East sent jitters through debt markets. The pullback was triggered in part by comments from Federal Reserve Bank of New York President John Williams, who said … Read more
Modi is likely to spend heavily on manufacturing and infrastructure should he win, continuing a strategy that wooed money managers during his decade in power. The stock market has rallied to successive records, while India’s imminent inclusion in a major global bond index is expected to lure billions of dollars in inflows. A “pro-growth, pro-market … Read more
(Bloomberg) — Global coal-power capacity rose to a record last year, led by a surge in new plants in China and a slowdown in retirements around the world, according to a new report from Global Energy Monitor. The world’s coal fleet grew by 2% to 2,130 gigawatts, with China accounting for about two thirds of … Read more
(Bloomberg) — WSP Global Inc. shares plunged after Spruce Point Capital Management LLC said it was shorting the Canadian engineering firm’s stock, slapping it with a “strong sell” recommendation. Spruce Point, a prominent US fund that previously targeted Canadian firms Lightspeed Commerce Inc. and Nuvei Corp., on Wednesday criticized WSP Global’s “opaque financial reporting.” WSP … Read more
MUMBAI : Financial news and data provider Bloomberg on Tuesday said it will add a set of Indian government bonds to its widely-tracked emerging market index, a development that could potentially attract investment flows of $3-4 billion beginning next year. Global investors with passive investment strategies buy stocks and bonds featuring in global indices, and … Read more