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Carrier Global Corp (CARR.N), opens new tab said on Thursday it would sell its commercial and residential fire business to an affiliate of private equity firm Lone Star Funds in a deal valued at $3 billion, pressing ahead with the divestment of […]

 Nelson Peltz’s Trian Fund Management has sold about 3.8 million shares in British consumer goods giant Unilever (ULVR.L), opens new tab for nearly 181 million pounds ($232 million), a filing showed on Wednesday. The fund, the No. 5 shareholder, had previously held […]

Family-owned candy giant Mars, whose brands include M&M’s and Snickers, said on Wednesday it would buy Cheez-It and Pringles maker Kellanova (K.N), opens new tab in a nearly $36 billion deal, making it the biggest buyout in the packaged food industry. Mars […]

The Russian rouble weakened to a 10-month low against the dollar during the trading session on Tuesday following Ukraine’s unexpected attack a week ago on Russia’s Kursk region but then rebounded to the day’s opening level. By 1500 GMT, the rouble was […]

 State Bank of India (SBI), the country’s largest lender, aims to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees ($2.2 billion) currently in smaller rival Yes Bank (YESB.NS), opens new tab, four sources […]

Investment bank Evercore (EVR.N), opens new tab has hired a top Goldman Sachs (GS.N), opens new tab dealmaker as a senior managing director to help drive its coverage of private equity firms and alternative asset managers, people familiar with the matter said on Friday. […]

India’s Bharti Enterprises said it would acquire a 24.5% stake in BT (BT.L), opens new tab, paying around 3.2 billion pounds ($4 billion) to buy out the British company’s top investor, Patrick Drahi, as his Altice group struggles with high debts. […]

Two cash-strapped mainland Chinese developers have secured a private loan to refinance a US$1 billion facility using a luxury property in Hong Kong as collateral, according to people familiar with the matter. Logan Group and KWG Group Holdings signed the […]

Japanese technology investor SoftBank Group (9984.T), opens new tab said on Wednesday it plans to buy back a hefty $3.4 billion of its shares, an action called for by shareholders including Elliott Management to bolster its stock price. The logic for Masayoshi […]

Harvest Fund Management, one of China’s largest asset managers, said on Friday Chairman Zhao Xuejun had resigned and is cooperating with authorities regarding an investigation pertaining to “personal problems”, without elaborating. Co-chairman An Guoyong will serve as acting chairman. The […]