KKR to buy Perpetual wealth, corporate units
Perpetual says that buyout giant KKR & Co would acquire its wealth management and corporate trust businesses for A$2.18bil (US$1.43bil),…
In rapidly ageing China, millions just cannot afford retirement
After three decades of selling homemade buns on the streets of the Chinese city of Xian, 67-year-old Hu Dexi would…
FTX files amended reorganisation plan
Crypto exchange FTX will have between US$14.5bil to US$16.3bil to pay its creditors and customers, according to an amended reorganisation…
Brazil’s GPA posts steeper 1Q net loss as taxes, impairment weigh
Brazilian food retailer GPA says its first quarter net loss for continuing operations widened by nearly 28% from a year…
Energy producers Santos, Repsol explore sale of stakes in Alaska oilfields
Oil and gas producers Santos and Repsol are exploring a sale of a minority stake in oilfields in Alaska they…
Nintendo shares fall the most in over a month
Shares of Nintendo Co tumbled their most in over a month after the company warned of a sharp profit fall…
ByteDance founder among China moguls in Singapore
Among the facts TikTok’s lawsuit against the US government surfaced: billionaire ByteDance Ltd founder Zhang Yiming is living in Singapore…
Norway oil workers agree to wage deal
Wage talks between Norwegian oil firms and three labour unions ended in a deal, industry and union officials say, averting…
BNP Paribas closes South African investment bank
BNP Paribas SA has closed its corporate and investment bank in South Africa, the latest example of a European bank…