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Ant investor Boyu Capital targets $6 billion for new private equity fund

Chinese private equity firm Boyu Capital, an investor in Chinese technology titans including billionaire Jack Ma’s Ant Group, is raising a new, China-focused fund targeting as much as $6 billion,

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CDP consortium’s bid to value Atlantia unit at 9 billion euros

Cassa Depositi e Prestiti (CDP) on Tuesday gave the go-ahead to submit an offer to buy Atlantia’s 88% stake in Autostrade per l’Italia unit, CDP said, after two sources said

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Chile’s big copper producers cheer price spike; wary of costs

Mining firms in Chile, the world’s No.1 copper producer, are cheering a rally in the price of the red metal that hit a 10-year high this week, but warned that

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BBVA may cut 3,000 jobs in Spain, Expansion says

Spain’s BBVA is considering cutting around 3,000 jobs in its home market, or around 10% of its staff there, to adapt to the rise in online banking, newspaper Expansion reported

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Hyundai Motor to replace battery systems in $900 million electric car recall

Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks – a costly $900 million recall that lays bare the thorny issue of

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Top Toshiba shareholder renews call for probe over AGM vote

Toshiba Corp’s top investor has renewed its call for an independent investigation into the company’s annual shareholder meeting (AGM) last year, according to a letter dated Wednesday that was sent

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Deutsche Bank upgrades U.S. GDP forecast on stimulus push

Deutsche Bank economists have upgraded their 2021/2022 forecasts for U.S. GDP growth on expectations of a bigger stimulus package in the world’s largest economy, a strategist at the German bank

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