Chair Ron Burkle will join hotelier MCR and Apollo in taking the swanky members’ club private, months after investor Dan Loeb decried the bid. Insiders already hold most of the equity, making it an ...

Most deals destroy value, but the bourse owner’s 2023 acquisition of software firm Adenza has turbocharged its shares. After the initial $10 bln sticker shock, investors warmed to the promise of ...

The former crypto miner’s business leasing semiconductors for AI models led to talk of an IPO of up to $16 bln in 2024. Last week Northern Data received a buyout bid way below that figure. As with ...

Donald Trump is meeting Volodymyr Zelenskiy and European leaders. The risk is the US president does Moscow’s bidding by pushing territorial concessions on his Ukrainian counterpart. If so, Europe ...

Growth is set to slow as Beijing’s overcapacity fight takes a toll on investment, while years-long efforts are yet to ...

The Vietnamese EV maker is selling some R&D assets to founder Pham Nhat Vuong for $1.6 bln. It’ll barely cover a year of cash ...

Intel has spent plenty of money trying to compete with Taiwan Semiconductor Manufacturing (2330.TW), opens new tab, better known as TSMC. Over the past three years, it notched nearly $75 billion in ...

To buy out Hong Kong-listed Kangji Medical for $1.4 bln, the private equity firm is teaming up with the founders and the Qataris. Even if minority investors agree to the underwhelming offer aimed at ...

The country's excess real estate inventory has risen to a record, implying piecemeal efforts to tackle the problem have failed. It explains why Beijing may overturn a 15-year ban and allow key state ...

The $647 bln group is hiking British obesity jab prices by 170%, a likely response to Donald Trump’s gripes over cheap foreign drugs. But it’s shielding the state-run NHS, and the size of the UK ...

Chancellor Rachel Reeves’ fiscal hole may exceed 40 bln pounds. Straightforward taxes on the richest might play well politically, but are tricky. Stepping up levies on a wider group of UK citizens’ ...