Takeover specialist KKR will pay Au$2.18 billion, about $1.44 billion in U.S. currency, to buy the corporate trust and wealth management divisions of Perpetual, an Australian financial management firm.
Tag: Economy
Post
SPECIAL REPORT: CHINA RECONFIGURES THE GLOBAL AUTOMOBILE BUSINESS
China has become not only a vital market for most of the world’s major automakers, but its cars are among the world’s most technologically advanced.
Post
SPECIAL REPORT: CHINA TRADE WAR 2.0
U.S. president Joe Biden has slapped additional tariffs on some Chinese products entering the country and added new levies on others.
Post
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
On 17 May, China will open the sale of a trillion yuan worth of bonds—about $138 billion—to help it stand its economy back up after almost three years of weakness and turmoil.
Post
SILVER PRICE JUMPS WITH SOLAR PANEL BOOM
In 2023, solar panel production more than doubled and has continued rising this year, surging the demand—and, therefore, the price—for silver.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels back in March and July 2022 respectively. Now, with The Street betting that the Fed will lower interest rates, the equation is simple: The lower interest rates go, the higher the M&A activity will rise.
Post
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
At a 30 April meeting, China’s Politburo—the small group that sets government policies—signaled that mortgage interest rates will be lowered again and that aid would be offered to floundering real estate developers.
Post
SPOTLIGHT: JAPAN’S ECONOMY IN FLUX
Japan’s central bank intervened in markets last week for a second time, buying $23 billion worth of yen to prop up the country’s sinking currency, Bloomberg reported after analyzing the bank’s current account figures.
Post
TOP TREND 2023, OFFICE BUILDING BUST: NEAR-RECORD NUMBER OF U.S. OFFICE LOANS TEETERING ON DEFAULT
More than $38 billion worth of loans against U.S. office properties are delinquent in their payments or facing foreclosure or default, according to data service MSCI.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels back in March and July 2022 respectively.