PERSPECTA

News from every angle

Results for "Private Equity"

200 stories found

Australia news live: Penny Wong warns Middle East ceasefire is ‘fragile’; Albanese heads to Singapore after Brunei talks
WorldAPReutersBBC+105bloombergNYTeconomistwsjFTle-mondewapoThe Guardian+97 more58m ago108 sources

Australia news live: Penny Wong warns Middle East ceasefire is ‘fragile’; Albanese heads to Singapore after Brunei talks

The prime minister will hold talks with his opposite number to shore fuel supplies Get our breaking news email, free app or daily news podcast Li Qiang noted that China-Australia economic and trade cooperation has strong internal momentum and still holds great potential in the long run. Beijing will adhere to expanding domestic demand as a strategic priority, vigorously boost consumption, promote a marked increase in the household consumption rate, and continuously unleash market demand, he...

Federal Judge Halts Trump's White House Ballroom Project, Citing Need for Congressional Approval
PoliticsAPReutersBBC+97bloombergNYTeconomistwsjFTle-mondewapoThe Guardian+89 more8d ago100 sources

Federal Judge Halts Trump's White House Ballroom Project, Citing Need for Congressional Approval

A U.S. federal judge has temporarily blocked President Trump's White House ballroom project, stating that Congress must authorize the construction before it can proceed. The ruling, which suspends the $400 million endeavor, represents a significant setback for the Department of Justice, with the judge specifying that the President is not the 'owner' of the White House, requiring Congressional consent for the project.

G7 Struggles for Common Line on Iran War Amid Trump's Ultimatum
WorldReuterswsjFox News+26yle-uutisetcnbcaftonbladetberlingskele-figaroder-standardirozhlasrzeczpospolita+18 more13d ago29 sources

G7 Struggles for Common Line on Iran War Amid Trump's Ultimatum

G7 nations are struggling to find a common approach to end the Iran war, with discussions at the G7 meeting focusing on achieving a unified stance, while Trump has extended his ultimatum for an attack on Iranian energy facilities and Tehran dismisses the US's 15-point plan.

TechnologyFTseeking-alpha13d ago2 sources

Carlyle and KKR to Build Two $2 Billion Data Centers for US Army

Private equity firms Carlyle and KKR are partnering to construct two data centers for the US Army, each costing $2 billion, a development highlighted by the Army secretary as crucial for adapting to AI's growing role in modern warfare, particularly in light of the Iran war.

Iran Rejects US Talks While White House Confirms Peace Plan Elements; Gold Holds Gain Amid Negotiations
WorldReutersBBCbloomberg+57economistwsjFTThe GuardianAl JazeeraCNNFox Newsnrk+49 more14d ago60 sources

Iran Rejects US Talks While White House Confirms Peace Plan Elements; Gold Holds Gain Amid Negotiations

Tehran has rejected reports of direct talks with the US, instead laying out its own terms to end the conflict, while the White House acknowledges 'elements of truth' to Washington offering a peace plan, further complicating ongoing back-channel diplomacy. Gold prices have held gains following reports of US negotiations aimed at ending the Iran War.

BusinessReuterswsjseeking-alpha14d ago3 sources

KKR Finalizes Deal to Acquire Nothing Bundt Cakes

Private equity firm KKR has finalized a deal to acquire Nothing Bundt Cakes from Roark Capital, as confirmed by an exclusive report from the Wall Street Journal, further detailing the acquisition.

Middle East Conflict Spurs ADB Aid, DoorDash Relief, and Economic Risks
FinancewsjFTmarketwatch+13delfi-ltnikkei-asiaYahoohotnewsDawnThe WeekRapplerchina-daily+5 more14d ago16 sources

Middle East Conflict Spurs ADB Aid, DoorDash Relief, and Economic Risks

The Middle East conflict has prompted the Asian Development Bank to mobilize financial support and DoorDash to provide gas relief, while also posing a key risk to the otherwise resilient Asia private equity market and impacting the future of the petrodollar.

Thames Water lenders float new £10bn rescue plan
BusinessThe Guardian23d ago

Thames Water lenders float new £10bn rescue plan

Latest effort involves paying off fines worth hundreds of millions of pounds as part of bid to stave off financial collapse Business live – latest updates Thames Water’s lenders have put forward a £10bn rescue plan that would involve paying off the troubled water company’s hundreds of millions of pounds-worth of fines for leaks and pollution, as part of an effort to stave off financial collapse. A group of private equity firms and investment groups said they would inject about £3.35bn of ca...

"Serve Your Country": Uncle Sam Seeks Investment Bankers For 'Economic Defense Unit'
Businesszerohedge25d ago

"Serve Your Country": Uncle Sam Seeks Investment Bankers For 'Economic Defense Unit'

"Serve Your Country": Uncle Sam Seeks Investment Bankers For 'Economic Defense Unit' The Department of War is reportedly building a 30-person investment banking team, called the "Economic Defense Unit," to deploy $200 billion in private equity over three years into defense companies and, more importantly, war unicorns, as the race to secure the Western Hemisphere and counter China, Russia, and Iran intensifies in the Trump era. Seamfor reviewed a slide deck from the headhunting...

Korea Zinc chair eyes buyback of Bain Capital stake amid control battle
BusinessKorea Herald26d ago

Korea Zinc chair eyes buyback of Bain Capital stake amid control battle

Korea Zinc Chairman Choi Yun-beom is reportedly exploring ways to buy back the stake in the smelter held by private equity firm Bain Capital, a move that could strengthen his position in the ongoing control battle with Young Poong and MBK Partners. According to industry sources Friday, Choi’s camp has recently been seeking financing options to acquire Bain Capital’s 2.01 percent stake in Korea Zinc. Possible approaches include a direct buyback or bringing in new financial partners to take over t

Why Jollibee is leaning into K-food ahead of US listing
BusinessKorea Herald1mo ago

Why Jollibee is leaning into K-food ahead of US listing

Jollibee Foods Corp., the Filipino fast food giant behind the namesake brand, has turned to South Korea for its latest acquisition, adding a hot pot restaurant chain to its global portfolio, in a move that appears aimed as much at Wall Street as at regional expansion. On Feb. 20, Jollibee agreed to acquire All Day Fresh, operator of hot-pot chain Shabu All Day, for $87 million through its Korean unit, Jolli-K Co., alongside private equity firm Elevation Equity Partners. The Manila-based company

BusinessFT5d ago

Investment Trusts Increase Focus on Private Equity

Investment trusts are increasingly allocating capital to private equity, offering retail investors access to highly sought-after private companies, but this trend raises questions about valuation and performance metrics.

Wealth in Hungarian Government-Affiliated Private Equity Funds Surges
Financetelex13d ago

Wealth in Hungarian Government-Affiliated Private Equity Funds Surges

The assets held in private equity funds favored by government-affiliated businessmen in Hungary have increased by a fifth in one year. This growth has been significantly bolstered by hundreds of billions in state placements over the years, occurring while the broader economy struggles.

Global Economy Grapples with Iran War's Energy Shock; Asia Responds to Fuel Crisis
WorldAPReutersBBC+107bloombergNYTwsjFTThe GuardianNPRAl JazeeraCNN+99 more14d ago110 sources

Global Economy Grapples with Iran War's Energy Shock; Asia Responds to Fuel Crisis

The Iran war continues to cause a global energy shock, driving fuel prices up and shaking the world economy, with Asia looking to COVID-era playbooks to tackle the crisis from the Strait of Hormuz blockage. Daily life in Asia is disrupted by the fuel crisis, and poor countries face catastrophe as the global economy pays a high price for the conflict.

Oil Prices Tumble and Stocks Rally on Hopes for Middle East De-escalation
WorldAPReutersbloomberg+38NYTwsjFTThe GuardianAl JazeeraCNNtimes-ukcnbc+30 more15d ago41 sources

Oil Prices Tumble and Stocks Rally on Hopes for Middle East De-escalation

Global energy markets are reacting to perceived easing tensions and signs of progress in resolving the Middle East conflict, with oil prices tumbling and US stock futures climbing, impacting the broader global economy.

Labor Department Rule Advances 401(k)s Towards Crypto and Private Equity Investments
FinanceFTwapocnbc+3marketwatchYahooseeking-alpha9d ago6 sources

Labor Department Rule Advances 401(k)s Towards Crypto and Private Equity Investments

A proposed Labor Department rule, which has passed White House review, is moving 401(k) accounts closer to fully embracing alternative investments like crypto and private equity by granting fiduciaries 'safe harbor' status, protecting them from lawsuits. This initiative aims to open retirement funds to private markets, despite ongoing concerns about investor risk.

Mom’s Touch put up for sale amid profit growth
BusinessKorea Herald25d ago

Mom’s Touch put up for sale amid profit growth

South Korean burger chain Mom’s Touch is once again up for sale, industry officials said Sunday, roughly four years after its private equity owner shelved an earlier attempt to sell the company. KL & Partners, which controls the franchise through a special-purpose vehicle, plans to appoint a financial adviser as early as April and aims to complete the sale by the end of the year, according to the sources. The firm is seeking a valuation above 1 trillion won (about $665 million). KL & Partners ac

Korean Air to Repurchase Catering Unit from Hahn & Co. for W750b
BusinessKorea Herald27d ago

Korean Air to Repurchase Catering Unit from Hahn & Co. for W750b

Korean Air is set to buy back its in-flight catering and duty-free retail business from private equity firm Hahn & Co. for 750 billion won ($503 million). This transaction occurs more than five years after Hahn & Co. initially acquired the unit during the COVID-19 pandemic.

KKR's $1.4 billion sports bet started with a decade-old relationship
BusinessBusiness Insider1mo ago

KKR's $1.4 billion sports bet started with a decade-old relationship

L.A. Dodgers celebrate their 2024 World Series win. Elsa/Getty Images In February, KKR bought sports investing experts Arctos Partners for $1.4 billion. KKR's co-CEO Scott Nuttall explained how a deal a decade ago led to KKR's acquisition. He outlined how KKR and Arctos would build out a business buying stakes in private equity funds. KKR's $1.4 billion acquisition of Arctos Partners traces back more than a decade to a relationship that began long before Arctos even existed. "We have known ...