Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources
Buyout firms KKR , Blackstone and CVC are among bidders competing for a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp ,...
Weight of history: Chongqing Steel and China’s state sector dilemma
A year and a half ago, Chongqing Iron and Steel Corp (CISC) , China’s oldest steelmaker, was rescued from the brink of bankruptcy in a...
Invesco thrives in China as former executive Ross leads Trump’s trade war
The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing...
Exclusive: Private-equity funds bid for Philippine hospitals group – sources
Buyout firms such as KKR , Blackstone and CVC are competing to buy a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp...
Asia stocks take heart in stimulus speculation
Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive...
CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case
The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will have to pay $16 million in penalty...
Facebook failed to warn users of known risks before 2018 breach: court filing
Facebook users suing the world’s largest social media network over a 2018 data breach say it failed to warn them about risks tied to its...
Ackman eyes more gains for his fund with help of Berkshire, others
Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering “high, long-term” returns, and he expects that...
Trump says China talks ‘productive’; Beijing vows tariff retaliation
U.S. President Donald Trump said on Thursday that U.S. and Chinese negotiators were holding “productive” trade talks and expected them to meet in September despite...
‘Crazy inverted yield curve’ vexes Fed, with no clear resolution
Amid the recent financial market volatility, the interest rates on some long-dated government bonds have fallen below the level for short-term debt....