KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, hired Goldman Sachs Group Inc. to sell its Turkish shipping company U.N. Ro-Ro Isletmeleri AS, three people with knowledge of the matter said.
Vladimir Putin is inching closer to his goal of turning Russia into a major transit route for trade between eastern Asia and Europe by prying open North Korea, a nuclear-capable dictatorship isolated for half a century.
When the Danish-owned Nordic Orion became the first bulk carrier to transit the Northwest Passage, it relied on an escort for part of the route by the Canadian Coast Guard’s most capable icebreaker, the Louis S. St-Laurent.
Billionaire Tom Steyer recalls a dinner at the U.S. Treasury in Washington with two senior department officials and six money managers. It was August 2012, and the meal was part of an effort by the agency to keep up with what the financial community was worrying about. The diners discussed China’s slowdown, Federal Reserve policy and other trends affecting the U.S. economy.
The Obama administration’s decision to suspend military aid to Egypt, in an effort to prod the country toward democracy, risks undermining U.S. influence in the Middle East and Egypt’s peace with Israel.
West Texas Intermediate crude rose for a fifth day, capping the longest stretch of gains since April, as unrest in Egypt bolstered concern that Middle East supplies may be cut. Brent oil climbed to a five-month high.