SAO PAULO Fosun International Ltd is in advanced talks to buy Brazilian fund manager Rio Bravo Investimentos Ltda, a source familiar with the matter said on Wednesday, in what would be the Chinese firm's first investment in Brazil.
SAO PAULO Banco Santander Brasil SA will probably bid for Citigroup Inc's local subsidiary, as the country's largest foreign-owned lender seeks to expand into banking for wealthy clients, Chief Executive Officer Sérgio Rial said on Wednesday.
UniCredit is considering a stock sale worth $5.5 billion and selling its entire stake in Polish bank Bank Pekao , Bloomberg reported, citing people familiar with the matter.
U.S. boutique investment bank Peter J. Solomon Co has hired Scott Moses and Greg Grambling to head its food retail and restaurant investment banking practice, a spokeswoman for the bank said on Tuesday.
Japan's Nidec Corp has emerged as the frontrunner to buy Emerson Electric Co's motors and drives unit in a deal estimated to be about $1 billion, according to two sources familiar with the matter.
First Hawaiian Inc, a unit of BNP Paribas SA , said its initial public offering could raise as much as $485 million, giving the Honolulu-based bank a market valuation of about $3.21 billion.
FRANKFURT Deutsche Boerse has won the necessary backing from its shareholders for the planned merger with the London Stock Exchange Group , with the German exchange operator reporting a 60.35 percent approval rate on Tuesday ahead of the 2200 GMT deadline.
LONDON Britain's telecoms regulator ordered BT on Tuesday to run its network division as a separate company within the group, to improve national broadband coverage and avoid the need for a full break-up of the firm.
MUMBAI India's biggest e-commerce firm Flipkart is buying domestic online fashion retailer Jabong from Global Fashion Group for $70 million in cash, the latest consolidation move in the country's e-commerce sector as competition intensifies.
Yahoo Inc shareholders may be left betting on how quickly, if at all, the former web pioneer can cash in on its multi-billion dollar stakes in two Asian peers after Monday's deal to sell its core internet assets to Verizon Communications Inc.
It's a tearful night for some Bernie Sanders supporters at this year's Democratic National Convention, as delegates from all 57 U.S. states and territories cast their votes, ensuring Secretary Hillary Clinton the Democratic presidential nomination.