Exclusive – Red flags: Alibaba’s Ma and Ma’s private equity firm
HONG KONG/BEIJING (Reuters) – When a fast-growing private equity firm co-founded by Jack Ma sought funding from institutional investors for the first time in early 2013, almost all had one major concern, its chairman said: was the firm independent from…
Investors seek reason to buy Boeing, aerospace after rally
NEW YORK (Reuters) – Despite booking billions of dollars in new plane orders at the year’s biggest air show this week, Boeing Co and other aerospace companies approach second-quarter earnings as victims of their own success.
At KKR, Nuttall and Bae are favorites to fill founders’ shoes
NEW YORK (Reuters) – KKR & Co LP’s co-founders Henry Kravis and George Roberts have indicated they intend to stay at the buyout firm for at least five more years, but two men – Scott Nuttall and Joseph Bae – are emerging as front-runners to eventually succeed them.
Qatar Airways finalizes $19 billion Boeing 777X plane deal
FARNBOROUGH England (Reuters) – Qatar Airways said on Wednesday it had finalised an order for 50 Boeing 777-9 X planes worth around $19 billion at list prices.
China growth picks up as stimulus kicks in, more support may be needed
BEIJING (Reuters) – China’s economic growth picked up slightly in the second quarter as a burst of government stimulus paid dividends, but analysts said Beijing will likely need to offer more support to meet its annual growth target as the property mar…
Qatar Airways in focus as Boeing, Airbus vie for orders
FARNBOROUGH England (Reuters) – Airbus and Boeing were set to resume their multi-billion dollar battle over new plane orders on day three of the Farnborough Airshow, with hopes reviving that Qatar Airways would firm up a deal for 50 Boeing 777X planes….
Primark: Next stop USA
LONDON/MADRID (Reuters) – Discount fashion chain Primark has made its mark in Europe by offering fast-changing fashion at rock-bottom prices. The secret of its success: placing huge orders for top-selling items like socks, tops and jeans and passing on…
Global business leaders push for infrastructure funding overhaul
SYDNEY (Reuters) – International business leaders are lobbying the Group of 20 bloc of advanced and developing countries to tackle a $57 trillion shortfall in global infrastructure, pressing for changes to funding rules they say would help big projects…
Asian stocks steady as China GDP growth hits target
SYDNEY (Reuters) – Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, drawing a sigh of relief from investors rather than outright applause.
Microsoft plans to cut 1,000 jobs in Finland: newspaper
HELSINKI (Reuters) – Microsoft Corp is planning to cut 1,000 jobs in Finland from its mobile phone unit, a Finnish daily said on Wednesday, quoting anonymous sources.
