NEW YORK (Reuters) - Hertz Global Holdings Inc said on Monday that private equity firms Clayton, Dubilier & Rice and Carlyle Group , as well as Bank of America Merrill Lynch , have sold off their remaining shares in the car rental agency for $1.24 billion.
(12 days ago)
CARLYLE has made an initial bid for Rio Tinto’s 80pc stake in the Northparkes copper-gold mine in NSW, a source said.
(9 days ago)
NEW YORK (Reuters) - The head of Morgan Stanley's fund-of-hedge-funds business, Jacques Chappuis, will leave the firm in May and join Carlyle Group LP as a managing director, according to an internal memo from the bank and a statement from Carlyle.
(2 months and 24 days ago)
Industrial & Commercial Bank of China is set to become the first mainland lender to invest in one of Taiwan's banks, demonstrating growing economic ties between the two sides.
(1 month and 16 days ago)
TAIPEI, Taiwan (AP) — A contentious bid by a pro-China businessman and three associates to acquire Taiwan's largest newspaper and an influential investigative journal has fallen through after protests that the deal threatened press freedom on the democratic island.
(1 month and 23 days ago)
Industrial & Commercial Bank of China is set to become the first mainland lender to invest in one of Taiwan's banks, demonstrating growing ties between the two sides.
(1 month and 16 days ago)
NEW YORK (TheStreet) -- Bank of America is somewhere between $16 and $22 billion short on its reserves for mortgage backed securities (MBS) litigation, according to legal and accounting experts hosted on a recent conference call by CLSA analyst Mike Mayo. At issue is a proposed $8.5 billion settlement between the bank and 22 institutions, including Goldman Sachs, BlackRock...
(2 months and 21 days ago)
Taiwan Broadband Communications, one of Taiwan's biggest pay-TV operators, is poised to go public within months, in a move that could raise more than one billion Singapore dollars (US$807 million), a person familiar with the matter said.
(1 month and 14 days ago)
NEW YORK (TheStreet) -- Bank of America shares hit a new 52-week high after the bank announced it had received regulatory approval for $10.5 billion in repurchases of common and preferred shares, even as some observers believe it is $16 billion to $22 billion under-reserved for legal risks. Shares were up 3.76% to $12.56 in late morning trading following Thursday's...
(2 months and 6 days ago)
Taiwan's central bank has intensified its intervention in foreign-exchange markets to keep the island's currency relatively stable and especially to keep it from rising out of step with its peers.
(2 days ago)
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