US-China trade talks will resume in two weeks, Mnuchin says

• U.S. Treasury Secretary Steven Mnuchin said on Monday that he and U.S. Trade Representative Robert Lighthizer would meet with Chinese Vice Premier Liu He for trade talks in two weeks.

U.S. Treasury Secretary Steven Mnuchin said on Monday that he and U.S. Trade Representative Robert Lighthizer would meet with Chinese Vice Premier Liu He for trade talks in two weeks.

"It's actually, I think, it's not next week, but the following week we'll be having those talks," Mnuchin said in an interview with Fox Business Network, adding that the two country's negotiators had made some progress in easing their trade tensions in last week's deputy-level meetings.

Earlier on Monday Mnuchin had told reporters at the United Nations General Assembly that the trade talks would resume next week.

Rupee rises 22 paise to 70.72 against U.S. Dollar in early trade

Forex traders said fresh foreign fund inflows, higher opening in domestic equities and easing crude oil prices supported the Rupee.

The Rupee appreciated by 22 paise to 70.72 against the U.S. Dollar in early trade on September 24 as foreign fund inflows and easing crude oil prices enthused investors.

At the interbank foreign exchange the rupee opened at 70.72, registering a rise of 22 paise over its previous close. Rupee had settled at 70.94 against the U.S. Dollar on September 23.

The domestic unit however pared some initial gains and was trading at 70.79 against the U.S. dollar at 1010 hrs.

Forex traders said fresh foreign fund inflows, higher opening in domestic equities and easing crude oil prices supported the Rupee.

Foreign institutional investors (FIIs) remained net buyers in the capital market, putting in ₹2,684.05 crore on Monday, according to provisional exchange data.

Brent crude futures, the global oil benchmark, fell 0.57% to trade at $64.40 per barrel. Domestic bourses opened on a cautious note on September 24 with benchmark indices Sensex trading 108.01 points higher at 39,198.04 and Nifty up 20.10 points at 11,620.30.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.06% to 98.65. The 10-year government bond yield was at 6.75% in morning trade.

Budweiser parent raises $5B in Hong Kong IPO

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The second time was the charm for Anheuser-Busch InBev as it successfully raised about $5 billion in a Hong Kong IPO.

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The company priced shares at $3.45 each, people familiar with the matter told Dow Jones.

That was at the low end of the expected price range.

The deal gives the Hong Kong unit a value of more than $45 billion.

It was the second attempt at an IPO as Budweiser APAC called off an earlier attempt in July.

That try was bigger looking to raise nearly $10 billion.

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But due to lukewarm investor response, it was pulled.

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Since then the company sold off its Australian unit and returned as a more nimble company.

The IPO is Hong Kong's largest IPO of the year and is second to Uber's $8 billion offering in New York.

Budweiser’s Asia IPO raises around $5 billion

The Asia business of the world’s largest brewer raised about $5 billion in its second attempt at a Hong Kong initial public offering, just months after it called off a much bigger share sale.

Anheuser-Busch InBev BUD, +0.02%ABI, -0.68% SA’s Asian unit, Budweiser Brewing Co. APAC, priced its IPO at 27 Hong Kong dollars a share (US$3.45), the Belgium-listed brewer said Tuesday. That was at the low end of an indicative price range.

The deal gives Budweiser APAC a market capitalization of more than $45 billion, making it at a stroke one of the world’s largest listed brewers, with a market value far in excess of Japan’s Asahi Group Holdings Ltd. 2502, +1.34% , Denmark’s Carlsberg A/S CARL.A, +0.84% or local rival China Resources Beer (Holdings) Co 291, +0.00% . The shares start trading Sept. 30.

In mid-July, Budweiser APAC called off an earlier IPO attempt–with which it sought to raise nearly $10 billion–because of a lukewarm investor response. It then sold its Australian unit and returned to the market as a smaller and faster-growing company that derives most of its sales from China, South Korea, India and Vietnam.

An expanded version of this story can be found at WSJ.com.

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Solar Carve Tower signs hedge fund to take over 7th floor

The stunning Solar Carve Tower, which sits along the High Line and overlooks the Hudson River, is getting a new tenant.

Health care-focused hedge fund RTW Investments, which is currently located at the nearby 412 W. 15th St., is jumping to 40 10th Ave. to accommodate its expansion.

The firm, which invests in biopharma companies, will take over the entire seventh floor, or 14,082 square feet, of the brand-new building, known as the Solar Carve Tower for its unique Studio Gang design.

Silvio Petriello, Ben Friedland and Hugh McDonald of CBRE represented the tenant in the 10-year deal.

A JLL group of Howard Hersch, Brett Harvey and Sam Seiler represented the William E. Gottlieb and Aurora Capital owner-developers, who were also represented in house by Jared Epstein. Sources say the asking rents are $170 to $210 a square foot.

Starwood Property Group has already leased the eighth floor and is building out its space, while a Genesis auto marketing center has over 41,000 square feet in the base that will open early next year.