Mubadala, KKR to invest about $1 bln in Asia
KKR & Co (KKR.N) and Abu Dhabi state fund Mubadala Investment Co (MUDEV.UL) said they had entered into an agreement to invest about $1 billion
Category: Business
Fitbit sued in Australia for misleading consumers on faulty devices
Australia’s competition regulator has begun court proceedings against Fitbit LLC for allegedly making false or misleading claims to consumers about their guarantee rights on faulty
Credit Suisse chief compliance officer set to leave
Credit Suisse Group AG’s (CSGN.S) Chief Compliance Officer Rafael Lopez is set to leave the Swiss bank in the coming weeks after spending little more
Japan intervened, buying yen in foreign exchange market Friday
Japan intervened in the foreign exchange market on Friday to buy yen for the second time in a month after the currency hit a 32-year
Australia to cut economic growth forecasts on lower consumer spending
Australia’s economic growth is expected to slow sharply next financial year as rising inflation curbs household consumption, according to new forecasts to be unveiled by
Japan October factory growth slows to 21-month low, but services pick up
Japan’s factory activity growth slowed further to a 21-month low in October as relentless cost pressures torment manufacturers, but service-sector firms received a boost as
Sovereign bond market turmoil to spill well into next year
Turmoil in global sovereign bond markets is set to persist for another six months to a year as central banks carry on raising interest rates