trade war: Asian stock markets have been turbulent this year, largely because of the trade war between the United States and China, according to CNN. Hong Kong's Hang Seng Index is down 5.1% since the beginning of July, hit by a political crisis that has seen months of mass demonstrations. The world's biggest brewer said in a statement Thursday that there is no assurance that the transaction will go through and the decision to proceed will depend on a number of factors and prevailing market conditions. AB InBev was hoping to raise as much as 9.8 billion by listing Budweiser Brewing Company APAC, the largest brewer in Asia by retail sales, before pulling the planned July offering. The Budweiser beer empire was built on debt. The IPO would have topped Uber UBER which raised 8.1 billion in New York in May.
(news.financializer.com). As
reported in the news.
Tagged under trade war, mass demonstrations topics.