Virgin Australia, a leading Australian airline owned by private equity firm Bain Capital, has announced plans to return to the Australian stock market through an initial public offering (IPO) valued at AUD 685 million (approximately USD 443 million). According to the prospectus reviewed by Reuters on Wednesday, Bain Capital intends to sell about 30% of its stake in Virgin Australia at a fixed price of AUD 2.90 per share. This move marks a significant step in Bain’s strategy to partially divest from the airline following its financial restructuring and recovery.

The Bank of Korea (BOK) is poised to reduce its benchmark interest rate by 25 basis points on Thursday, reflecting the contraction in economic activity during the first quarter of 2025 and inflation figures that remain close to the central bank’s target. A Reuters survey of 36 economists unanimously anticipates this move, marking a significant step in South Korea's monetary easing cycle as inflation moderates and the Korean Won (KRW) gains strength.

The European Commission has intensified its antitrust investigation into payment processing fees charged by Visa $V and Mastercard $MA, expanding its inquiry to include feedback from terminal providers and payment firms. This move follows an initial questionnaire distributed to retailers and merchants last month, reflecting growing scrutiny over alleged anti-competitive practices related to card transaction fees across the EU market.