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affinity equity partners secures 515 million loan for lumus imaging acquisition
Affinity Equity Partners has secured a A$515 million ($336 million) leveraged loan from ING Bank to finance its acquisition of Lumus Imaging from Healius Ltd. This deal marks a significant boost to buyout financing activity in Australia, with ING seeking additional commitments from other financiers.
oil prices rise as opec postpones production increase ahead of us elections
Oil prices have risen following OPEC+'s decision to postpone a planned production increase of 180,000 barrels per day for December, surprising market participants. North Sea Brent crude climbed 1.5% to $74.21 per barrel, while US WTI oil rose 1.6% to $70.63. This move extends the group's production cut by 2.2 million barrels, signaling potential stronger price support.
China prepares major stimulus amid economic challenges and potential trade war
China is poised to announce significant stimulus measures to support its struggling economy, particularly in light of potential trade tensions with the U.S. under President-elect Donald Trump. The measures, aimed at aiding local authorities and banks, come as the country faces a real estate crisis and sluggish consumption, with parliament expected to approve increased local government borrowing to revitalize the sector. Despite recent positive signs, including a rise in factory activity and exports, experts warn that relying solely on exports is insufficient for sustainable growth.
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