A parliamentary inquiry notes the Malaysian fund made suspect payments worth over $4 billion. Bond deals arranged by Goldman Sachs have attracted the most scrutiny. But the likes of Deutsche Bank and…
Privatising $2 bln lender IDBI would send a good sign about India’s resolve to fix wobbly banks. Previous deals in the region offer a template for success: let an investor take a big stake, complete…
The buyout firm’s $1.1 billion bid for Indian outsourcer Mphasis looks brave when U.S. presidential candidates are touting restrictions for skilled foreign workers. The low valuation and a long-term…
The U.S. fast-food giant may sell up to 20 pct of its Chinese unit to private investors before spinning it off. On current trends the stake could fetch $2.4 bln, Breakingviews calculations suggest….
The tycoon may sell 20 pct of his UK mobile unit to outsiders. That could raise 1 bln pounds to help buy Telefonica’s O2, on top of the 3.1 bln pounds sovereign funds are already chipping in. That…
Liquor baron Vijay Mallya’s exploits have triggered wider scrutiny of the country’s tycoons and those who enabled their excessive lending. Auditor Grant Thornton is the latest target. Though the…
Raghuram Rajan’s three-year term as governor of the Reserve Bank of India ends in September. Inflation has almost halved under his watch. Yet Rajan’s campaign to clean up banks’ bad debts is far from…
Aung San Suu Kyi will realise a long-held dream when she takes effective charge of the Asian country on April 1. The democracy champion’s first test will be to build on rapid reforms undertaken by…
BRICS has been buried. Just as well: it was a “Bloody Ridiculous Investment Concept”. Now VIIPs and TICKs vie to take its place. But searching for groups of vibrant economies jars with the gloomy…
Switzerland’s attorney general has indicated $4 bln was misappropriated from state firms, undermining Prime Minister Najib Razak’s efforts to shrug off the mess involving the sovereign fund. Though…
Anil Agarwal’s Vedanta Resources is edging towards loan covenant limits. Bondholders are losing faith in the mining tycoon’s ability to tap buried cash and repay $8 bln of debt. The stress may force…
Prime Minister Najib Razak has survived a political scandal over dubious payments he received. He has also managed to tame debt at the sovereign fund he championed. Though his position looks secure,…
Hong Kong property tycoon Cheng Yu-tung is trying again to buy out his China unit. At up to $2.8 bln, the new offer is worth more than before. It also avoids the archaic rules that killed his 2014…
Mark Zuckerberg is fighting hard to save his plan to offer a free mobile web service to the country’s poor. If India shuts it down, other developing nations may follow. It’s another case where the…
A $1.7 bln land deal with a Malaysian-Chinese group brings the financial cleanup of the world’s most troubled SWF nearer completion. The overhaul of 1MDB by boss Arul Kanda is impressive. He could…
Fresh attempts to restrict U.S. visas for skilled foreigners are a worry for Indian outsourcers like Tata Consultancy Services and Infosys. The measures, if passed, would hurt a crucial Indian export…
New rules have allowed giants like AIA and Sun Life to lift ownership of their Indian ventures to 49 pct. With no clear path to control, that means tying up more capital in minority stakes. At least…
Anil Ambani’s Reliance Communications could halve its $6 bln net debt with the sale of its telecom towers. A string of recent deals – and closer ties with his richer older brother – mean the tycoon…
Car-hailing firms in India, China, Southeast Asia and the United States will link their apps. It’s not clear how many people will use it or how revenue will be shared. The anti-Uber coalition’s main…
Minority investors approved the delisting of Essar Oil last year. Now the controlling Ruia brothers are planning to sell half the $4.5 bln company to Russia’s Rosneft. The regulator has ordered Essar…
Diversified Asset Allocation Portfolios For Your Plans
| Vanguard ETF: | 10%* |  |
| Diversified Core: | 11%* | |
| Six Core Asset ETFs: | 10%* | |
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