Ecuador launches US$1bn tap of 2022 bond at 10.75%
NEW YORK, Sept 27 (IFR) - Ecuador launched a US$1bn tap of its 2022 bond at 10.75% as it sought to cover its funding needs for the year, sources told IFR on Tuesday.
Singapore state investor Temasek Holdings (Private) Ltd , together with Chinese e-commerce giant Alibaba Group and venture-capital firm Qiming Venture Partners, has invested nearly US$100 million in TutorGroup, an online education start-up based and headquartered in Shanghai.
TutorGroup, in an announcement on Monday, said it will use this latest Series B funding to expand its presence in Asia and the Americas, where it now runs real-time, interactive and personalised language-learning programmes.
NOTE: Reuters has not verified this story and does not vouch for its accuracy. (Reporting by Rujun Shen; Editing by Edwina Gibbs)
WASHINGTON, Sept 27 A leading Republican lawmaker in Congress on Tuesday said Wells Fargo would be right to recover pay from executives involved in a scandal in which up to 2 million accounts and credit cards were set up without customers' consent.
NEW YORK, Sept 27 A federal judge has dismissed a $7 million lawsuit accusing Jay Z of breach of contract and copyright infringement against a Bronx, New York clothing designer who claimed to have created the logo for the rap star's Roc-A-Fella record label.