Investing.com -- Cloud-based collaborative web design platform Figma filed for an initial public offering in the United States on Tuesday.
The company plans to list on the New York Stock Exchange under the ticker symbol "FIG".
Figma didn’t disclose the proposed sizing or pricing range for the offering. According to the filing, the company had revenue of $228.2 million for the three months ended March 31, with a net income of $44.9 million during the same period.
Morgan... (continue reading...)
Investing.com -- Bank of America has raised its GDP forecasts for Vietnam, Malaysia, Singapore and, to a lesser extent, Indonesia, saying the region heads into the second half with fewer downside risks than it faced in early April.
A short‑term surge in shipments to the United States, partly the result of firms rushing orders ahead of new tariff rules, has bolstered factory orders and lifted purchasing‑managers’ indices in Vietnam and Thailand. Singapore has seen a jump... (continue reading...)
Investing.com -- Private equity firm Clayton Dubilier&Rice has entered the competition to acquire Castrol, BP (NYSE: BP)’s lubricant business valued at approximately $8 billion, according to Sky News, citing sources familiar with the matter.
The firm joins several other bidders in the auction for the BP unit, including Apollo Global Management (NYSE: APO), Lone Star Funds, and India’s Reliance Industries (NSE:RELI), whose involvement Bloomberg News previously... (continue reading...)
Investing.com -- The dollar’s bruising slide to two-year lows this week has some betting on a rebound, but Morgan Stanley warns the bears aren’t ready to loosen their grip just yet. With widely expected U.S. rate cuts later this year and the greenback’s safe-haven status under fresh scrutiny, the bank says more pain could be in store for the dollar.
“We forecast that the US dollar (USD) will continue its year-to-date depreciation, driven by both fundamental and... (continue reading...)
Investing.com -- President Donald Trump said on Tuesday he is not considering an extension to the July 9 deadline for countries to negotiate trade deals with the United States.
Speaking to reporters on Air Force One while returning to Washington from Florida, Trump also expressed skepticism about reaching an agreement with Japan.
"We’ve dealt with Japan. I’m not sure we’re going to make a deal. I doubt it," Trump said.
The president suggested he might impose tariffs on... (continue reading...)
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