Bain Capital plans to be the biggest investor in Toshiba’s chip unit, providing 850 billion yen ($7.7 billion) in equity as part of a consortium that also includes Japan government investors, three sources briefed on the matter said. The U.S. private-equity firm will, however, obtain around half that amount in financing from South Korean chipmaker […]
Read moreCurrency, United States Finance
Pentagon admonishes Russia for 'unsafe' intercept of US spy plane over Baltic Sea
A Russian fighter jet flew within five feet of a U.S. Air Force reconnaissance plane in an “unsafe” manner over the Baltic Sea on Monday, U.S. officials said. The near miss occurred over international waters on Monday morning, approximately 25 miles northwest of Kaliningrad – a Russian enclave between Poland and Lithuania. “Russia is certainly […]
Read moreUber IPO prospects remain ‘extremely good’ despite CEO Travis Kalanick resigning, Deutsche Bank says
Uber’s prospect of executing an initial public offering (IPO) remains “extremely good” despite CEO Travis Kalanick resigning and management changes, a top Deutsche Bank corporate banking executive told CNBC on Wednesday. Kalanick resigned on Tuesday after investors demanded he step aside amid a number of controversies at the ride-hailing service. The outgoing CEO has consistently […]
Read moreJapan opened a missile defense drill to the public on Wednesday, a move it says will reassure the country it is ready to counter any missile attack by neighboring North Korea. A PAC-3 Patriot battery drove on to the Asaka Self Defense Forces base near Tokyo, deployed its radar antenna and raised its missile launcher […]
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A decade ago, the real estate market opportunity in China consisted largely of risky speculative development deals because of a lack of availability of stock. Foreign investors seeking opportunistic returns from the first wave of China funds have been largely disappointed from a toxic combination of delays, cost escalation and implementation problems due to difficulties […]
Read morePrime Minister Theresa May has vowed to work with “humility and resolve” as the right-wing Conservative leader prepares to outline her government’s legislative program on Wednesday. In an occasion stripped back of its usual pageantry, the Queen’s speech will set out the government’s proposed legislation and policies for the next session of parliament – which […]
Read moreThree-time Oscar winner Daniel Day-Lewis is retiring from acting, his spokeswoman said on Tuesday, ending a storied movie career that includes performances in “Lincoln” and “Gangs of New York.” Day-Lewis, 60, the only man to have won three best actor Oscars, gave no reason for his decision, calling it private. “Daniel Day-Lewis will no longer […]
Read moreUber board member and investor Bill Gurley said Travis Kalanick, the chief executive of the ride-hailing service who resigned on Tuesday, would have a “lasting impact on the world”, giving praise to the entrepreneur who has courted controversy. According to the New York Times, five of Uber’s major investors demanded Kalanick resign immediately. “Travis has […]
Read moreCrisis-hit commodity trader Noble Group has extended a major debt deadline, but analysts warn it may not be enough to restore confidence around the long term viability of the once-soaring firm. At its peak in 2010, Noble was Asia’s largest commodity trader with a market cap of more than $10 billion. Shares hit an all-time […]
Read moreJapanese firms have been acquiring overseas assets more aggressively in recent years and will continue to do so as they seek to increase market share in the global economy, JPMorgan said in a Tuesday report. Total merger and acquisition transactions in Japan inched up 1.5 percent year-on-year to $198 billion in 2016, the report said. […]
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