Japan’s Kintetsu Group Holdings will sell eight hotels to U.S. buyout firm Blackstone Group for an undisclosed amount, the railway operator said on Thursday, in the latest private equity deal.…
Category: Business
India’s top court rules in favour of Tata in long-drawn tussle with former chairman
India’s top court on Friday ruled in favour of autos-to-steel conglomerate Tata Group in its long-drawn legal tussle with former chairman Cyrus Mistry whose family firm owns an 18% stake…
Garden party plans help soften blow to UK retail sales
British retail sales partly recovered in February, helped by locked-down consumers getting outdoor furniture in preparation for small garden parties and couples buying Valentine’s Day dinners at home rather than…
China potential economic output may grow 5%-5.7% over 5 years
China’s potential economic output is expected to grow 5%-5.7% over the next five years, according to a central bank working paper published late on Thursday. In China’s 2021-2025 economic plan…
Deutsche Bank CEO willing to give up investment bank oversight role
Deutsche Bank CEO Christian Sewing, is willing to give up his role overseeing the investment bank in the foreseeable future, a person with knowledge of the matter said on Friday,…
Chemicals giant BASF, spurred on by customers, allocates up to $4.7 billion for CO2 cuts
BASF, the world’s largest chemicals producer by sales, pledged on Friday to spend up to 4 billion euros ($4.7 billion) to slash greenhouse gas emissions by a quarter by 2030.…
Money no object as governments race to build chip arsenals
Governments around the world are subsidizing the construction of semiconductor factories as a chip shortage hobbles the auto and electronics industries and highlights the world’s singular dependence on Taiwan for…