U.S. private equity firm KKR & Co and its partners have canceled what was expected to be the biggest Australian IPO of the year, the listing of their lender Latitude Financial, two sources told Reuters.
BlackRock Inc , the world's biggest asset manager, on Tuesday posted an 8per cent drop in third-quarter profit, as investors put money in its fixed-income funds and accounts that typically carry lower fees.
MANILA: A KKR-led consortium said it will invest US$685 million in the largest hospital group in the Philippines, seeking to capitalise on growing demand for private healthcare in Southeast Asia. Under the deal, KKR and partner Singapore sovereign wealth fund GIC will spend US$100 million to gain ...
SINGAPORE: Mr Lee Seow Hiang, the CEO of Changi Airport Group and the man responsible for driving the development of the iconic Jewel project, is set to become the chairman of the National Library Board (NLB) next year. The Ministry of Communications and Information announced on Tuesday (Oct 15)...
Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product's debut in Asia.
The Indian government is looking into whether hefty discounts offered on Walmart-owned Flipkart and Amazon.com during their online festive sales violate foreign investment rules, a commerce ministry official told Reuters.
Plane parts maker FACC's operating profit fell 6per cent in the second quarter as it produced fewer components for the Airbus A380 and Boeing 737NG jets being phased out and start-up costs for new cabin interiors bit.
HONG KONG: Retail rents in Hong Kong, among the most expensive in the world, fell sharply in the third quarter, property consultancy CBRE said on Tuesday (Oct 15), following anti-government protests that have pushed shop sales to a record low. High street retail rents fell by 10.5 per cent in...
Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won (US$34.65 billion) in mobility technology and strategic investments by 2025, as South Korea's top automaker accelerates its attempts to catch up in the self-driving car race.
That London has expanded its influence as an international finance centre is one of the biggest riddles of the United Kingdom's tortuous three year Brexit crisis.
