China Evergrande New Energy Vehicle Scraps Shanghai Listing Plans

Cash-strapped China Evergrande New Energy Vehicle Group Ltd. has shelved plans to list on the Shanghai Stock Exchange, as the debt crisis at its parent, China Evergrande Group, weighs on market confidence.

 
Gores Guggenheim SPAC Nears Deal to Combine With Polestar

Polestar is nearing a deal to go public through a merger with a special-purpose acquisition company that would value the Swedish electric-vehicle maker at $21 billion.

 
Cnooc Plans Over $5 Billion Share Issuance in Shanghai

Chinese state-controlled energy company Cnooc Ltd. is planning to issue A-shares to finance its oil field development projects worth $5.4 billion.

 
Prudential to Raise $2.4 Billion From Hong Kong Offer

Prudential will raise $2.4 billion by issuing new shares, proceeds of which will be used by the insurer to redeem high-coupon debt due in six months and invest for growth.

 
At DWS, Data Issues Were at Heart of Sustainable-Investing Problems

Fund managers at Deutsche Bank's asset-management arm ignored calls to use ESG data to judge which investments to make, according to previously unreported internal emails and the former sustainability chief, Desiree Fixler.

 
Sigma Healthcare Makes Takeover Proposal for API

A takeover tussle has begun for Australian Pharmaceutical Industries Ltd. after Sigma Healthcare Ltd. made a proposal worth $562 million to buy the drug retailer and wholesaler.

 
Poshmark Is at Least Worth an Offer

Poshmark, the social shopping site, might not be everyone's ideal fit in retail, but suddenly it seems like one of the cheapest.

 
GM Presses White-Collar Staff Who Haven't Reported Covid-19 Vaccination Status

General Motors warned salaried workers that they face administrative action if they fail to comply with a corporate mandate to report their vaccination status.

 
Finance Chiefs Urge More Companies to Link Debt to Sustainability Goals

A group of finance chiefs from large international companies is urging peers to tie more of their companies' financing to corporate sustainability goals.

 
United Airlines Is Fined $1.9 Million for Runway Delays

The air carrier was cited for 25 flights the Transportation Department said violated its rule prohibiting long tarmac delays, with the largest fine it has issued for such violations.

(END) Dow Jones Newswires

September 26, 2021 21:15 ET (01:15 GMT)

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