- Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Rafale deal "highest priority" in India FY14 budget: air force chief
BANGALORE (Reuters) - India's agreement to buy 126 Rafale fighter jets from France's Dassault Aviation (AVMD.PA) is of the "highest priority" in India's budget for the upcoming financial year that begins in April, Air Chief Marshal N.A.K. Browne said on Thursday.
India picked the Rafale jet for exclusive negotiations over a year ago after a hotly contested bidding war with rival manufacturers, but is still to finalize the $10 billion deal.
The deal would not be signed during a visit of French President Francois Hollande to India next week, a diplomatic source said on Wednesday.
(Reporting by Anurag Kotoky; Writing by Henry Foy; Editing by Jeremy Laurence)
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