Investment Company News
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DBS Group Holdings Ltd. got approval from Indonesia’s central bank to acquire a $2.75 billion stake in PT Bank Danamon Indonesia, giving Southeast Asia’s largest lender less control than it had sought.
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Updated 11 minutes ago
Bill Gross, the world’s largest fixed-income manager, says the bull market for bonds may have ended last month. Investors are staying put.
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Guggenheim Partners LLC and Apollo Global Management LLC are among firms subpoenaed by New York’s financial watchdog in a probe of risk tied to investment-company ownership of insurers, said a person familiar with the inquiry.
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The most-indebted U.S. companies are rallying more than any time in almost four years compared with the rest of the stock market amid the broadest rally since at least 1995.
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Dubai’s benchmark stock index rose for a ninth day in its longest winning streak in more than two years on investor optimism the emirate is recovering from a property crash and restructuring debt. Abu Dhabi’s gauge gained.
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Equitix Ltd., a London-based investment company, is investing 10 million pounds ($15 million) in a project to replace inefficient heating systems in public and private facilities with wood-powered boilers.
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LHV Pank AS, an Estonian banking group, and RAZFin of Lithuania agreed to buy leasing company Snoro Lizingas UAB from bankrupt Lithuanian lender Bankas Snoras AB for 74 million litai ($28 million).
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Ukio Banko Investicine Grupe, or UBIG, the Lithuanian investment company that controls Scottish soccer club Heart of Midlothian, is insolvent, said the Baltic nation’s Department of Enterprise Bankruptcy Management today on its website.
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BlackRock Inc. and Western Asset Management Co. are offering a new twist on traditional money- market funds as regulators are set to impose sweeping changes on the $2.58 trillion industry.
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Dongfeng Motor Corp., the second- largest Chinese automaker, will buy a stake in a smaller state- owned rival amid efforts by the government to create more competitive carmakers.
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