October 19, 2021
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“American Factory” Owner Fuyao Glass To Raise $550 Mln, Eyes Solar Market

China-based Fuyao Glass Industry Group, whose U.S. plant was the subject of the Oscar-winning documentary “American Factory” in 2020, plans to raise to HK$4.3 billion, or $550 million, in a stock sale amid improvement in its business this year, according to a Hong Kong Stock Exchange filing on Sunday. The glass supplier, whose auto industry cust...
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Indian Billionaire Urges Government To Impose Lockdowns In India As New Covid Deaths Reach Another High

ToplineDespite international aid efforts ramping up, the second wave of Covid-19 infections in India continues to intensify, yielding a new record high for daily deaths on Sunday and prompting an outcry—from businessmen and public officials alike—for government intervention to help ease the rate of infection. Key Facts In a Sunday stat...
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Singapore’s Olam To Buy U.S. Spice Maker For $950 Million Ahead Of Unit’s IPO

Singapore-listed Olam International said its food ingredients subsidiary is buying Olde Thompson, a U.S.-based maker of private label spices and seasonings, at an enterprise value of $950 million. The agricultural commodities trader said in February that it has appointed financial and legal advisers to prepare for the initial public offering of...
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Facebook Posts $26 Billion In Revenue, Shattering Wall Street Earnings Expectations On Record Users

ToplineFacebook, the world's largest social media company, posted results for its best first quarter ever Wednesday afternoon, shattering Wall Street expectations thanks to surging advertising revenues despite heightened competition from the likes of Google and threats on the regulatory front. Key Facts Menlo Park, Calif.-based Faceboo...
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Indonesia’s E-Commerce Unicorn Bukalapak Completes $400 Million Funding Round With New Investors: Report

Indonesian e-commerce unicorn Bukalapak is said to have attracted more investors in its latest funding round that raised more than $400 million, according to a report from DealStreetAsia.  Bukalapak’s recent corporate filing indicates the London branch of Swiss investment bank UBS Group AG and Malaysian conglomerate Genting Berhad subsidiar...
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Biden Health Official Says ‘Much Higher’ Risk Of Aspirin Causing Major Stomach Bleeding Than J&J Vaccine Causing Blood Clots

ToplineWith Johnson & Johnson's Covid-19 vaccine once again cleared for administration in the United States, one of the nation's top health officials is trying to dispel concerns over the single-dose vaccine's "very rare" blood-clotting problems, warning instead that vaccine hesitancy and Covid-19 pose greater risks. Key Facts Spea...