Billionaire investor Marc Lasry has reached a deal to sell his stake in the Milwaukee Bucks to Jimmy and Dee Haslam, owners of the National Football League’s Cleveland Browns, according to a person familiar with the matter.
Japan’s factory output fell for the first time in three months in January hit by a global slowdown and regional holidays while retail sales beat expectations, creating a mixed picture for Bank of Japan governor nominee Kazuo Ueda.
GK Goh Holdings Ltd.’s largest shareholders have offered to take the Singapore-listed company private in a S$396 million ($294 million) deal, potentially ending its 33-year journey as a publicly-traded firm.
High airfares are here to stay as airlines take advantage of the post-pandemic travel boom to lock in higher charges, Capital A Chief Executive Officer Tony Fernandes said.
Senior investment bankers at HSBC Holdings Plc in Hong Kong could lose their private offices as the firm moves toward open-plan desks for the financial hub, causing angst among some executives who’ve complained about potential confidentiality risks.
China is using TikTok to expand its influence around the world, a top Republican lawmaker said Monday in arguing that the popular video-sharing app that’s owned by a Beijing-based company should be banned in the US or sold off.
Ukraine’s defense of the besieged town of Bakhmut in the Donetsk region is running out of options, President Volodymyr Zelenskiy said, as “the enemy is gradually destroying everything which can be used to protect our positions, for reinforcement and defense.”
China Evergrande Group, the developer at the epicenter of the country’s real estate crisis, has yet to reach an agreement with major creditors on a debt restructuring framework crucial to avoiding potential court-ordered asset liquidation, people familiar with the matter said.
The geopolitical crisis over Russia’s invasion of Ukraine and growing US-China tensions have led to “slowbalization,” where global integration is happening at a slower pace, according to retired General David Petraeus.
A dizzying rally in China’s technology stocks is fading fast as growth concerns take center stage despite a string of earnings beats.
