KKR-Backed Beauty Firm Wella Files for IPO Showing Sales Growth

Aug 31, 2026 | Markets

Wella Co., the owner of beauty brands including its namesake, Clairol and OPI, filed for a US initial public offering as its revenue increased. The New York City-based firm had net income of $2.7 million on $2.94 billion of revenue for the year ended June 30, 2026...

‘Flash Crash’ Hits Sensex Index During Unpopular Closing Auction

Aug 27, 2026 | Markets

India’s popular stock benchmark, the BSE Sensex, briefly plunged about 3% during a 20-minute closing auction Thursday, exacerbating concerns over thin liquidity and manipulation during the window. At one point, the 30-stock index slumped to 74,983.19 points, 2.9%...

Private Credit Investors Prefer to Be Trapped Than Take 26% Loss

Aug 27, 2026 | Markets, Private Credit

The calculus by Cox Capital Partners was simple enough. With a nearly $15 billion redemption backlog from private credit funds, the firm would offer instant liquidity for some investors by purchasing their shares, up to $90 million worth, at an average 26% discount....

The ‘Burn the Bonds’ Stage of the Debt Cycle Is Here

Aug 27, 2026 | Markets

High indebtedness has prompted a call for France to cancel part of its public liabilities. Ideas spread, so expect similarly unorthodox demands elsewhere as governments grapple with high debt, while political disruptors air increasingly unconventional policies. All...

US Aims to Revive Civil War-Era Court to Claim Iran Oil as Prize

Aug 26, 2026 | Markets

The Justice Department is preparing to activate a long-dormant maritime war court to streamline military capture of Iranian oil tankers as US prizes, according to three people familiar with the plans. Reviving prize courts, which is expected to face legal challenges,...