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CTBC Defends $4 Billion Bid for Taiwan Rival, Vows to Keep Jobs

CTBC Financial Holding Co., fighting a takeover battle for Shin Kong Financial Holding Co. to create Taiwan’s biggest finance group, pledged to avoid any job cuts within three years if the deal is approved.

By Miaojung Lin and Chien-Hua Wan

Japanese Firm Sells Hybrid Bond at Widest Spread This Year

A Japanese borrower that was hit by a record loss sold a yen bondat the widest spread for yen corporate hybrid debt this year in a key test of appetite as interest rates creep higher.

Stocks, Bonds Struggle For Momentum Into US Jobs: Markets Wrap

Stocks, bonds and major currencies held to tight ranges Friday as traders prepared for US jobs data that will help determine the size of a Federal Reserve rate cut later this month.

Debt-Ridden Thai Firm Seeks Up to $446 Million From Share Sale

Energy Absolute Pcl is seeking to raise as much as 15 billion baht ($446 million) by selling new shares to shore up its finances and restore investor confidence after a fraud probe sent the Thai renewable company’s stock to a record low.

CBOE Starts Platform for Trading Private Company Shares

CBOE Global Markets Inc. is partnering with a London-based tech firm to create a US trading platform for shares of closely held companies, a traditionally illiquid market that investors have increasingly sought to access.

Andretti Returns to SPAC Arena as Blank-Check Market Heats Up

Former IndyCar driver Michael Andretti is back with another blank-check firm as the US market for a once-hot investing trend shows new momentum with mostly seasoned backers attracting billions in cash.

Troutman Pepper, Locke Lord Partners Approve Big Law Merger

Partners at Troutman Pepper and Locke Lord this week voted in favor of the law firms merging, according to a joint statement Thursday.

Circor, Portland Utility Dodge SEC Fines for Accounting Charges

Circor International Inc. won’t owe any financial penalties after settling SEC accounting charges, coming on the heels of a similar accounting enforcement deal with Portland General Electric Co. announced earlier this week.

Raiffeisen’s Russia Fallout Deepens as Court Freezes Shares

Raiffeisen Bank International AG said a court in Russia ordered shares of its unit there to be frozen — further complicating efforts to sell it and deepening the fallout from an abandoned plan to bring capital out of the country.

Fed Seeks Input on Adjustments to Discount Window Lending

The Federal Reserve on Thursday said it’s looking to amend the operational practices of its facility typically used by banks and credit unions in times of stress.