KKR & Co. is raising a second Asia real estate fund, targeting $2 billion to $2.5 billion to spend across the region, according to people familiar with the matter. The new fund has amassed about $600 million since late 2022, and the US investment firm is seeking to finish fundraising...
Bud Light, made by Anheuser-Busch.Joe Raedle | Getty ImagesAnheuser-Busch InBev, the world's biggest brewing firm, on Tuesday beat expectations for the third quarter, despite an ongoing drag from controversy surrounding its online Bud Light campaign.Revenue rose 5% over the period to $15.57 billion, ahead of a company-compiled forecast of 4.7%....
Brazilian banking-as-a-service startup QI Tech has raised $200 million in a Series B round of funding led by New York-based General Atlantic. Founded in 2018 by Pedro Mac Dowell, Marcelo Bentivoglio and Marcelo Buosi, QI Tech is an infrastructure platform enabling the development of credit, payment, and banking solutions through...
President Joe Biden speaks next to Shawn Fain, president of the United Auto Workers, as he joins striking members of the union on the picket line outside GM's Willow Run Distribution Center in Bellville, Michigan, Sept. 26, 2023.Evelyn Hockstein | ReutersDETROIT — A tentative deal Monday between the United...
The BP logo is displayed outside a petrol station near Warmister, on August 15, 2022 in Wiltshire, England.Matt Cardy | Getty Images News | Getty ImagesLONDON — Oil major BP on Tuesday reported a steep year-on-year fall in profits, missing analyst estimates.The British energy giant logged underlying replacement cost profit,...
By Erika Eliasson-Noris from Beyond Governance. The collapse of Silicon Valley Bank (SVB) has undeniably underscored the necessity of robust governance within the fast-paced, high-risk realm of fintech. The rapid evolution and innovative spirit characteristic of fintech are indeed exhilarating. But they can also cloak the precariousness of poor governance....
general view of visitors are seen at Samsung booth during the chinajoy 2023 at Shanghai new expo center in Shanghai, China on July 28, 2023 (Photo by Ying Tang/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSouth Korea's Samsung Electronics reported Tuesday quarterly operating profit that was better...