Private equity giant Blackstone Group LP (NYSE: BX) is preparing to sell its office portfolio over the next 18 months, hoping to capitalize on the commercial property rebound, the Wall Street Journal reported.
Financial professionals reeled Wednesday after the now-collapsed futures merchant PFG (Peregrine Financial Group Inc.), whose troubles bear an unnerving similarity to MF Global's woes, left as much as $200 million unaccounted for and PFG clients kicking themselves for ignoring the warning signs.
Asian stock markets mostly ended lower Wednesday, following declines on Wall Street Overnight, as concerns over corporate earnings outlook and euro zone crisis weighed on the sentiment.
Research in Motion CEO Thorsten Heins has been saying the same thing for weeks: Pay no attention to the man behind that curtain. Despite massive layoffs, dramatic drop-offs in market share and a rapidly decaying portfolio for investors, Heins firmly believes that RIM's best is yet to come.
The world's top three jet engine makers are accelerating their research and development (R&D) efforts to cash in on a booming global aviation market.
This year, nine out of 10 of the top-grossing movies in China came from overseas. Most of those, including Men in Black 3, Battleship and The Avengers, are Hollywood blockbusters, which are apparently ruling the Chinese box office at the expense of Chinese films.
Ex-Barclays boss Bob Diamond, who will still receive his salary and benefits worth in excess of £2 million, had given up the bonus payment voluntarily according to Barclays executive chairman Marcus Agius.
China's trade surplus widened to $31.73 billion in June, up 42.9 percent compared to the same month in last year amid slower-than-expected growth in imports, raising concern that the world's second largest economy isn't doing enough to stimulate domestic demand and avert a slowdown.
China is finishing a major housing project outside Luanda, paid for with oil, but nobody's buying. To do so, the average Angolan would need to work 160 years.
BMW AG (Frankfurt: BMW) will increase Mini production in a big way with a £250 million ($387 million) investment over three years in UK manufacturing, the BBC reported Monday.
Camden, N.J.-based Campbell Soup Company (NYSE:CPB) announced Monday it was acquiring food and beverage company Bolthouse Farms Inc. for $1.55 billion from a fund managed by private equity firm Madison Dearborn Partners, LLC.
A panel constituted by India's Finance Ministry to look into the implementation of the controversial General Anti Avoidance Rules (GAAR) policy Monday decided to reduce the number of illustrative examples in the draft guidelines.
The territorial dispute in the South China Sea is expected to drive the talks during the 19th ASEAN Regional Forum (ARF) beginning Monday in Cambodia. The confrontational rhetoric between China and the U.S. over the South China Sea will also form the focus of the discussions that will be attended by top officials from the 10 member nations.
The rate of inflation in China slowed down in June from the previous month, showing signs of a gradual decline in price pressure to make room for monetary easing.
Asian markets fell Monday as investor sentiment turned negative with economic data from Japan and the U.S. indicating the faltering economic growth.
Cutting federal spending in 2012 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure and public works projects now and in the immediate quarters ahead, it would create millions of jobs.
Newly-elected Egyptian President Mohamed Morsi will head to Saudi Arabia on Wednesday, on his first official foreign visit after taking charge.
Asian stock markets face the week with sentiment leaning negative as economic news, particularly from China, is likely to disappoint investors.
China's announcement of the unexpected interest rate cut this week has given an indication to market players that policymakers are increasingly rattled by the state of the economy.
As the U.S. government spends an unprecedented amount of money to fix the economy, there's an equal need to raise the cash needed to pay for those fixes. As a result, Uncle Sam is forced to borrow from countries with high savings rates, such as China, to help cover the budget deficit.
One standout film at South By Southwest this year was undoubtedly The Do-Deca-Pentathlon. Written and directed by Jay and Mark Duplass, two notable bed head cinema figures, the uplifting indie is both hilarious and touching.
Hopes that emerging markets will lead the world out of the global economic slowdown are beginning to dim.Christine Lagarde, managing director of the International Monetary Fund (IMF), voiced her concerns over the strength of the global economy, emphasizing that emerging markets, which currently account for two-thirds of global growth, were showing signs of weakening.
