Anheuser-Busch InBev disclosed that it will seek to raise upward of $9.8 billion in a Hong Kong IPO of its Asia-Pacific business.
Why it matters: This could become the year's largest IPO, topping the $8.1 billion raised in May by Uber. It also could give the unit an initial market cap of nearly $64 billion (around the same size as Heineken), and help AB InBev cut into a debt pile it built via the 2016 purchase of SABMiller.
Global manufacturing numbers continued to weaken in June, with a worldwide gauge of factory activity rendering its weakest reading since October 2012 as the number of new orders contracted sharply.
The big picture: June's reading is the first time since November 2012 that the index has been in contraction for two consecutive months, with the fall in the manufacturing numbers seen in both developed and emerging countries. However, developed countries, particularly in the eurozone, have been hit the hardest.
It’s been several years since so-called "coding bootcamps" first emerged, and with a growing number of them today, one-year-old startup Career Karma wants to guide potential students to the right one for them.
The bottom line: All coding bootcamps aren't created equal.
The U.S. Trade Representative’s office threatened Monday tariffs on $4 billion worth of EU goods in retaliation for European subsidies on Boeing's rival Airbus.
Details: The UTSR published a list of 89 tariff sub-categories that could be affected, on top of products worth $21 billion the U.S. threatened to hit in April. Under the proposal, goods including olives, pork, cheese and whiskey would be affected.
New sustainable debt instruments, like green bonds and green loans, are seeing a significant pickup in investor interest.
What it means: While it's still a de minimis fraction of the global debt market, green bonds saw explosive growth in the second quarter. Dedicated green bond ETFs attracted some $2 billion of net inflows in Q2, including $1.1 billion in June, data from the Institute of International Finance shows.
The amount of bonds with negative yields has grown to more than $13 trillion, data from the Institute of International Finance shows, and unlike in 2016 the amount of debt below zero looks poised to grow.
What's happening: Since European Central Bank President Mario Draghi's latest news conference signaling the central bank is poised to further ease its already negative interest rate policy, bond yields have been dropping below zero across Europe.
Livongo, a health tech startup that provides diabetes coaching, filed papers for its initial public offering on Friday, a move that's seen as a test for how well such startups may do in public markets, Stat reports.
Between the lines: This new generation of buzzy, venture capital-backed health care companies hasn't produced an IPO since 2016. A second digital health company, Health Catalyst, filed to go public on Thursday.
