Bloomberg Business

Oaktree Capital Management has named Robert O’Leary and Armen Panossian as co-chief executive officers, selecting two veterans to lead the firm from the first quarter of next year.

Credit Suisse Group AG’s asset management arm saw clients continue to pull money from its investment funds this quarter, underscoring the challenges for UBS Group AG as it integrates its former rival.

UBS Group AG is planning to cut more than half of Credit Suisse Group AG’s 45,000-strong workforce starting next month as a result of the bank’s emergency takeover.

Peter Thiel’s Valar Ventures has led a €30 million ($33 million) investment in a company created from the spinout of Bitpanda Pro, helping fill a gap in Europe for a regulated marketplace for crypto derivatives.

The fight for equality in Hong Kong faces a major test today as the city’s highest court considers whether to overturn a ban on same-sex marriage.

Walgreens Boots Alliance Inc. slashed its full-year profit forecast and announced plans to close 450 stores in the US and UK, sending the drugstore chain’s stock plunging.

Nissan Motor Co. announced new members of an executive committee following the departure of Chief Operating Officer Ashwani Gupta, seeking to consolidate management under Chief Executive Officer Makoto Uchida.

Chinese leader Xi Jinping pledged that his nation would do right by foreign investors, underscoring his government’s attempts to assuage worries about the economy and unpredictable policymaking.

Even as India is being hailed as the next global growth story, a crucial building block for that success — its startup ecosystem — is getting pummeled.

Singapore Airlines Ltd. Chief Executive Officer Goh Choon Phong was paid S$6.7 million ($5 million) last financial year, an 86% increase that puts him among the best-paid leaders in the industry.