The US and China stepped closer to a full trade deal after making a pact to formally solidify the informal trade understanding reached in Geneva in May, marking a significant step in stabilizing trade relations between the two countries.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
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Trump says US, China have ‘signed’ deal to cement trade truce
The US and China stepped closer to a full trade deal after making a pact to formally solidify the informal trade understanding reached in Geneva in May, marking a significant step in stabilizing trade relations between the two countries. Read here
Skechers prices over $6B in rare buyout financing
The California-based footwear maker has issued a sizable debt package to help fund its buyout by 3G Capital, signaling strong demand among leveraged finance investors for any debt supporting a large merger or acquisition. Read here
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Blackstone buys $2B CRE loan from Atlantic Union
The New York-based alternative asset manager has purchased commercial real estate loans at a slight discount to their face value from the regional lender, further extending its aggressive push into the CRE sector.Read here
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NEWS WORTH NOTING
Meta in talks to buy voice cloning startup Play AI
Alongside bolstering its AI research talent pool, the California-based tech giant is in discussions to acquire the advanced voice AI startup, signaling its eagerness to flesh out its consumer-facing AI features. Read here
China’s $50B chip fund switches tack to fight curbs
The National Integrated Circuit Industry Investment Fund is planning to focus on China’s key shortcomings in sectors like lithography and semiconductor design. Read here
Mediobanca pledges to return $5.74B to investors
The Italian merchant bank set out a plan to refund shareholders over the next three years, as it seeks to fend off a hostile bid from smaller rival Banca Monte dei Paschi di Siena. Read here
JSW boosts paints push with $1.6B Akzo Nobel unit deal
The Indian coatings specialist will buy the Dutch paint maker’s local arm in what will be the country’s biggest deal yet in the sector as competition among players intensifies. Read here
Canadian funds shelve $6B sale of Cubico Sustainable
The Montreal Public Sector Pension Investment Board and Ontario Teachers’ Pension Plan have reportedly decided to explore a sale for the renewable energy developer. Read here
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