BPEA EQT Completes $6.5 Billion Merger of Tricor, Vistra
BPEA EQT has completed the merger of two Hong Kong business services firms it owns, Tricor and Vistra, in a deal that values the combined entity at about $6.5 billion including debt.
Bloomberg Business
Liontrust Extends GAM Offer Again in Sign Support Still Lacking
Liontrust Asset Management extended its offer period to buy troubled fund house GAM Holding AG for a second time, in a sign it’s struggling to rally the necessary support for a takeover.
ECB’s Stournaras Says a September Move Would Be Last Hike
European Central Bank Governing Council member Yannis Stournaras said any interest-rate increase in September would be the last one in this tightening cycle, according to an interview with Capital.gr.
One of Italy’s Longest-Serving Bank CEOs Signals He’s Still Not Done
Alberto Nagel has been running Mediobanca SpA since the month after Lehman Brothers collapsed. He is now signaling he’s still not done.
BBVA to Buy Back Up to €1 Billion of Shares as Profit Jumps
Banco Bilbao Vizcaya Argentaria SA reported earnings that beat estimates and said it would buy back as much as €1 billion ($1.1 billion) of shares from holders, adding to the €3.6 billion payout it has already handed investors in the last two years.
China Top Rocket Force Officials Under Graft Probes, SCMP Says
Three top officials from China’s rocket force unit, which manages the nation’s nuclear arsenal, are being probed, the South China Morning Posts reported Friday, citing sources familiar with the situation.
Superyacht Dinners and Alleged Insider Tips Ensnare Billionaire
On a September night in California aboard the superyacht “Aviva,” one of the UK’s richest men sat down for dinner with staff from his sprawling private investment empire.
Surging India Prices May Keep RBI on Extended Pause, IMA Says
India’s headline inflation may inch back above 6% in the next few months due to high vegetable and cereal prices, keeping the central bank on hold until early next year, according to IMA Asia economist Priyanka Kishore.
China’s Top Option for Next Naval Base Is Sri Lanka, Report Says
Sri Lanka tops the list of nations that may host a Chinese naval base in the coming years as Beijing seeks to expand its maritime capabilities, according to a new report.
China’s Domestic Tourism to Hit 90% of Pre-Covid Levels in 2023
China’s domestic tourism market is expected to rebound to 90% of pre-pandemic levels this year thanks to surging demand since Covid-related travel restrictions were lifted in late 2022.
