A KKR-led investor group are closing in on a deal to buy a song catalogue spanning hits from Lorde and The Weeknd for US$1.1bn (NZ$1.59bn), the latest sign a private […]
New Summerset Group CEO Scott Scoullar: furniture-maker descendant, car collector
Recently appointed Summerset Group chief executive Scott Scoullar is a descendant of a Dunedin mayor who co-founded one of New Zealand’s largest furniture manufacturing businesses. He is also a Mustang […]
Covid 19 coronavirus: A group of scientists presses a case against Wuhan lab leak theory
In the latest volley of the debate over the origins of the coronavirus, a group of scientists this week presented a review of scientific findings that they argue shows a […]
UBS, Nomura push global banks' Archegos losses over $10 billion
ZURICH (Reuters) -UBS reported an unexpected $774 million loss on Tuesday from the collapse of U.S. investment fund Archegos, taking the total hit to global banks from the stricken family […]
Dog rescue group in Brighton saves mom, seven puppies from New Mexico
A mom dog and her seven puppies have been rescued by Brighton-based rescue group after the dogs’ owners died in a drive-by shooting in New Mexico. The dam and her […]
The Carlyle Group to buy Swiss watch industry supplier Acrotec
FILE PHOTO: The logo of the Carlyle Group is displayed at the company’s office in Tokyo, Japan October 17, 2018. REUTERS/Issei KatoZURICH (Reuters) – Global investment company The Carlyle Group […]
Blackstone third-quarter earnings rise on strong asset sales
Slideshow ( 2 images )NEW YORK (Reuters) – Blackstone Group LP BX.N said on Wednesday third-quarter distributable earnings rose 9% year-on-year, as the world’s largest manager of alternative assets such […]
Regional lender First Citizens to buy CIT in $2.2 billion deal
(Reuters) – First Citizens BancShares Inc FCNCA.O said on Friday it would buy peer CIT Group Inc CIT.N in a deal valued at $2.2 billion, creating a bigger regional player […]
The Warehouse Group goes dark, prepares to repurpose physical stores as online soars
The Warehouse Group is preparing to repurpose its physical stores as the proportion of its sales continue to increase online. As group chief executive Nick Grayston puts it, the owner […]
UBS announces global financing team
NEW YORK (Reuters) – UBS (UBSG.S) said on Monday it has created a new global financing team, a group that will span across divisions under one group in order to […]