ShopBack, an online shopping rewards app backed by Singapore’s Temasek Holdings Pte, raised $80 million from the state investment giant’s late stage fund as it works toward going public.

Governments and companies around the world are facing unprecedented costs to refinance bonds, a burden that’s set to deepen fissures in debt markets and expose more vulnerabilities among weaker borrowers.

Optimism that the worst of China’s property slump is over boosted markets after Bloomberg reported that regulators told the biggest state-owned banks to provide financing worth at least $85 billion to the embattled sector.

Porsche AG stock traded below the price it debuted at last week, succumbing to the market pressures Volkswagen AG defied by going ahead with Europe’s biggest initial public offering in more than a decade.

Turbocharging business Accelleron shares fluctuated around the opening price of 18 francs ($18.25) after their debut in Switzerland following the spinoff from parent ABB Ltd.

A surge in China’s initial public offerings propelled Citic Securities Co. to the top spot in the global league tables for equity issues, giving the state-backed brokerage a taste of global recognition.

RWE AG agreed to pay $6.8 billion for Consolidated Edison Inc.’s renewable energy assets in one of the biggest-ever green deals in the US, sparking criticism that Germany’s largest utility should be focusing instead on its domestic business.