Brookfield Asset Management Ltd. has submitted a £2.1 billion ($2.6 billion) takeover proposal for Middle Eastern credit card processor Network International Holdings Plc, topping a rival buyout consortium.
Hedge fund manager Tom Wagner is close to buying a stake in Birmingham City Football Club, according to people familiar with the matter.
Welcome to the end of a week that hasn’t seen a single morning without a new M&A development. Private equity bellwether Brookfield Asset Management has entered the fray for Middle Eastern credit card processor Network International, trumping a proposal by CVC and Francisco Partners. Meanwhile, Glencore, which is trying to buy Canadian rival Teck Resources, gave a first-quarter update that underscored how the commodity trading industry continues to enjoy one of its most profitable periods eve
South African President Cyril Ramaphosa is facing increasing pressure to hand powers to his new electricity minister and enable him to make decisions to stave off more intense blackouts as peak winter demand looms.
Glencore Plc, which is in the middle of a fight to buy Canadian mining rival Teck Resources Ltd., said it’s on course for yet another bumper year of trading commodities.
Japanese banks have reduced interest-rate risk and the financial system remains sound despite stresses seen in the US and Europe, the central bank said.
UK retail sales fell more than forecast in March as wet weather doused spending and consumers retrenched after splashing the cash over the previous two months.
Oil headed for the first weekly loss since last month’s banking crisis, weighed down by concerns over demand and the US economy.
An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after falling foul of a Group of Seven price cap relating to the transportation of the nation’s barrels.
China’s push to become self-reliant in the technology sphere is driving more European companies operating there to rethink their research and development plans, according to a report published Friday by the European Union Chamber of Commerce in China.
