World Economic Magazine

Private equity firms revise China strategy as regulatory crackdown widens

Private equity firms are rethinking their strategies in China as a widening regulatory crackdown on some of the country's hottest…

5 years ago

Australia’s NAB to buy Citi’s local consumer business in $882 mln deal

National Australia Bank (NAB.AX) will buy Citigroup's (C.N) local consumer unit for about $882.24 million, the companies said Monday, as the American bank exits…

5 years ago

Wolfsburg, we have a problem: How Volkswagen stalled in China

In late December 2019, managers at Volkswagen (VOWG_p.DE) headquarters in Wolfsburg realised they might have a serious problem in China, the company's…

5 years ago

China’s July factory price growth quickens, adds to business and broad economic pressures

China's factory gate inflation in July rose at a faster clip from the previous month and exceeded market expectations, adding…

5 years ago

Germany’s Delivery Hero takes 5.1% stake in rival Deliveroo

Germany's Delivery Hero (DHER.DE) has taken a 5.09% stake in online food delivery rival Deliveroo (ROO.L), driving the British company's share price to…

5 years ago

‘What a run!’: German exports jump despite supply bottlenecks

German exports rose more than expected in June despite persisting supply bottlenecks in manufacturing, data showed on Monday, suggesting a…

5 years ago

NetEase delays $1 bln Hong Kong listing of music streaming firm – sources

NetEase Inc (9999.HK) has delayed the $1 billion Hong Kong initial public offering of its music streaming service Cloud Village…

5 years ago

Morrisons suitor CD&R gets more time to trump $9.3 bln offer

Morrisons (MRW.L) suitor, U.S. private equity group Clayton, Dubilier & Rice (CD&R), has won more time to consider a counter bid to…

5 years ago

Dollar hits four-month high on euro as markets bet on earlier Fed taper

The dollar climbed against major peers on Monday, reaching a four-month high versus the euro, as traders positioned for an…

5 years ago

Renault to explore hybrid vehicles with Geely

BEIJING/SHANGHAI, Aug 9 (Reuters) - Renault (RENA.PA) and Geely said on Monday they would jointly develop petrol-electric hybrid vehicles for China and…

5 years ago