Bloomberg Business

Fujitsu to Divest Entire $1 Billion Air-Conditioning Unit Stake

Fujitsu Ltd. is aiming for a quick sale of its entire stake in air-conditioning manufacturing unit Fujitsu General Ltd. to help streamline its operations, and isn’t considering a partial divestment, its chief executive officer said.

Global Funds Bolster China Forays as Market Outlook Brightens

Global asset managers are starting the year with a stronger foothold in China’s 26 trillion yuan ($3.8 trillion) mutual fund industry, just as the end of stringent Covid curbs and a renewed focus on the economy brighten prospects for investors.

Weinstein Appeals 2020 Rape Conviction to Top NY Court

(Bloomberg) — Disgraced movie mogul Harvey Weinstein appealed his 2020 rape and sexual assault conviction to New York’s highest court, arguing his trial judge unfairly permitted prosecutors to introduce testimony about prior incidents of alleged sexual misconduct not charged in the indictment.

First Quantum Is Close to Panama Copper Mine Deal, CEO Says

First Quantum Minerals Ltd. is close to striking a deal with Panama’s government on a massive copper mine in the Central American country after reporting progress on resolving tax and royalty terms for the project.

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