India's Oyo launches Japan hotels in SoftBank JV

BENGALURU (Reuters) – Indian hospitality unicorn Oyo’s Japanese arm has launched operations in over 100 hotels across the East Asian nation in a joint venture with majority investor SoftBank Group Corp, as the company looks for a path to profitability. Softbank has been struggling to raise money for a second investment fund after the failed public offering of office-rental company […]

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Blackstone third-quarter earnings drop less than expected

(Reuters) – Blackstone Group Inc (BX.N), the world’s largest manager of alternative assets such as private equity and real estate, said on Wednesday its distributable earnings in the third quarter fell 8% year-on-year, but still beat analyst estimates. Blackstone reported a drop in proceeds from asset sales in its private equity business, offset partly by a rise in distributable earnings […]

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UBS, Simmons Energy pare bankers as shale M&A slows: sources

NEW YORK/HOUSTON (Reuters) – UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Monday, as U.S. dealmaking continues to dry up. Mergers and acquisitions activity within the shale business is at its lowest level in a decade, excluding Occidental […]

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Pro-life group promises legal aid to those hurt by California's college 'abortion pill' law

Fox News Flash top headlines for Oct. 12 Fox News Flash top headlines for Oct. 12 are here. Check out what’s clicking on Foxnews.com The pro-life group Students for Life of America (SLA) said Friday it would offer legal assistance to any students or health care workers whose “conscience rights” were threatened by a new California law that requires all public […]

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Breakingviews – Irish bookie’s $6 bln deal is worth a flutter

LONDON (Reuters Breakingviews) – Paying a 38% premium is usually a sure-fire way to destroy value. Not so with bookmaker Flutter Entertainment, which is offering $6.1 billion in shares to buy Canadian peer Stars Group. Cost savings alone almost justify the generous price, while post-deal revenue boosters look credible. The Dublin-based parent of Paddy Power and Betfair, and the Toronto-based […]

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Dem group exposed millions of email addresses in 'Clinton' file, firm reveals

FBI received hacked email suggesting effort by Lynch to cover for Clinton According to 2017 New York Times report, FBI received email; panel reaction and analysis on ‘Hannity.’ A cybersecurity firm revealed this week that the Democratic Senatorial Campaign Committee left more than 6.2 million email addresses exposed in an online public "storage bucket" that may have pertained to Hillary Clinton's […]

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Breakingviews – Macquarie is both target and role model on pay

HONG KONG (Reuters Breakingviews) – Macquarie is an unlikely target for pay reform. Australia’s so-called millionaire factory is caught in the middle of a wider debate about how financial services firms pay their executives. The prudential regulator is cracking down on remuneration at big banks and insurers, and a group of shareholders is threatening to vote against Macquarie’s remuneration at […]

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Blackstone reports almost flat second-quarter distributable earnings

(Reuters) – Blackstone Group Inc (BX.N), the world’s the largest manager of alternative assets such as private equity and real estate, said on Thursday its distributable earnings in the second quarter rose just 1% year-on-year, missing most analysts’ expectations. The New York-based firm reported net income per share on a diluted basis of 45 cents, compared to analysts’ expectations on […]

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JP Morgan predicts US-China truce will keep investors optimistic for a couple months

Most stock markets in Asia Pacific climb on Monday after the U.S. and China agreed to hold off new tariffs. "I think this optimistic tone will continue for the next couple months," says Jing Ulrich, managing director and vice chair of global banking and Asia Pacific at J.P. Morgan Chase. She also said interest rate cuts by major central banks […]

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Breakingviews – Vision Fund may be Hotel California for investors

LONDON (Reuters Breakingviews) – Saudi Arabia and Abu Dhabi are involved in a high-stakes game of double or quits. The kingdom and its Gulf ally’s wealth funds jointly put up $60 billion of the near-$100 billion pledged to SoftBank Group’s giant Vision Fund. Now they have to decide whether to participate in the sequel planned by Masayoshi Son, the Japanese […]

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