A consortium of investors including Blackstone Inc. and Thomson Reuters Corp. sold £2.7 billion ($3.4 billion) worth of stock in London Stock Exchange Group Plc, two months after their last disposal of the company’s shares.
Battered-down Tencent Holdings Ltd., a once-hot Chinese tech stock that’s lost half its value, shouldn’t be priced as a utility because of its greater earnings potential, according to a Fidelity Investments fund manager.
Artificial intelligence offers the biggest potential long-term support for US profit margins, according to Goldman Sachs Group Inc. strategists, who add that there’s high uncertainty around AI’s impact.
Foxconn Technology Group’s founder Terry Gou appeared to rule out an independent bid to become Taiwan’s president as he promised to back his former rival for the main opposition party’s nomination.
A SoftBank Group Corp. affiliate has teamed up with an Estonian startup in a bid to accelerate Japan’s efforts to mobilize self-driving buses in 50 locations by 2025.
The ambassador for the City of London says the UK must do more to support risk-takers, saying there needs to be a mindset shift around wealth creation and more capital funneled towards growth companies to allow them to scale and compete.
Pakistan’s former premier Imran Khan has been summoned to appear before the country’s anti-graft agency on Thursday, days after its efforts to detain him were overturned in the courts.
Former First Republic Bank Chief Executive Officer Michael Roffler said his bank’s collapse was due to the contagion from other regional bank failures that triggered deposit outflows.
A cash crunch is persisting in India, pushing short-term borrowing costs above a key policy interest rate and posing risks to an economy that needs cheaper funding to sustain its recovery.
Barclays Plc expects to increase its headcount in Paris by about two thirds in the next two to three years, as the French capital increasingly becomes the main trading hub in continental Europe for global lenders after Brexit.
