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Sunday, 29 November 2015


Employees work on an assembly line of Hero Motocorp during a media tour to the newly opened plant in Neemrana, in the desert Indian state of Rajasthan, October 20, 2014. REUTERS/Anindito Mukherjee

Indian sale makes Bain Capital rare buyout hero

27 November 2015

The U.S. firm has sold its remaining $116 mln stake in Hero MotoCorp four years after investing in the world’s largest motorbike maker. In rupee terms, Bain doubled its money in four years. As private equity pours into India, it’s a reminder that getting money out remains harder.

Jack Ma, Executive Chairman of Alibaba Group

Jack Ma paper chase is test of newsprint's appeal

26 November 2015

The Alibaba founder is interested in buying Hong Kong’s South China Morning Post. The 112-year old title’s earnings are under pressure, and the financial logic looks thin. But as fellow e-commerce boss Jeff Bezos showed with the Washington Post, newspapers still have trophy value.

BHP and Rio look out of touch on China

25 November 2015

Low-cost iron ore miners BHP Billiton and Rio Tinto are accomplished experts digging for the ferro-raw material. They are much less good at consumption estimates. With the ore at 10-year lows, the companies’ investment cases depend on them getting ahead of China’s demand curve.

Traffic passes a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, July 6, 2015. Malaysia's ringgit hit a 16-year low on Monday as political tensions mounted over a report that linked Prime Mini

Malaysia remains fragile despite China power deal

24 November 2015

Troubled sovereign fund 1MDB will sell power assets to China’s CGN for $2.3 bln. To resolve its debt woes, the investor still needs to execute a larger bailout deal with Abu Dhabi. Even then, graft probes will keep up the pressure on Malaysia’s prime minister and the currency.

Shipping container cranes are seen at the Patrick port facility in Melbourne June 9, 2009.

Qube edges ahead in Aussie infrastructure fight

26 November 2015

Brookfield’s $6.5 bln agreed bid for Australia’s Asciano has hit serious opposition from competition regulators. The Canadian group could yet salvage its takeover. But interloper Qube, whose break-up consortium is already examining Asciano’s books, now looks like the favourite.

Hong Kong tycoon Li Ka-shing attends a news conference announcing the annual results of his company Hutchison Whampoa Ltd, in Hong Kong March 29, 2012.REUTERS/Tyrone Siu

Playground weaklings give Li Ka-shing bloody nose

25 November 2015

Hong Kong shareholders rejected the tycoon’s $12.4 bln bid to merge his listed energy and infrastructure units. It’s another sign institutions in the Chinese territory are increasingly willing to exercise their limited powers. Companies can no longer take support for granted.

A cleaner waters the flowers below a logo of Alibaba (China) Technology Co. Ltd at the company's headquarters on the outskirts of Hangzhou, Zhejiang province November 21, 2013 REUTERS/Chance Chan

Alibaba throws a wrench in web fundraising wars

24 November 2015

The e-commerce giant is offloading its stake in Meituan Dianping at the same time as the Chinese startup raises up to $3 bln in new funds. The parallel sales will test investor demand for “online-to-offline” services. Alibaba’s exit will offer a clearer picture of valuations too.