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Westpac to sell one financial advisory business, merge unit’s funds with Mercer Super Trust

(Reuters) – Westpac Banking (NYSE:WBK) Corp said on Thursday it would sell one of its financial advisory businesses, Advance Asset Management, to pension fund Mercer Australia, as part of the bank’s ongoing.

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Global automakers face electric shock in China

By Norihiko Shirouzu BEIJING (Reuters) – If global automakers think they can extend their dominance in China into the electric era, they may be in for a shock. Kings of.

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Musk pledges more equity to fund Twitter deal, scraps margin loan

(Reuters) -Elon Musk on Wednesday pledged an additional $6.25 billion in equity financing to fund the $44-billion offer for Twitter Inc (NYSE:TWTR), reducing the billionaire’s margin loan against his Tesla (NASDAQ:TSLA) Inc.

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Apple to increase pay for U.S. workers

(Reuters) -Apple Inc has raised the pay for its hourly U.S. employees, the iPhone maker said on Wednesday, as companies face a tight labor market, a surge in unionization efforts.

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Russian oil’s Achilles’ heel: insurance

By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn LONDON/NEW DELHI/TOKYO (Reuters) – Russia has so far deflected much of the impact of sanctions on its oil trade but.

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KKR expands in Asia, armed with $1.1 billion credit fund

By Anshuman Daga SINGAPORE (Reuters) -KKR has raised $1.1 billion in its inaugural Asia credit fund that provides debt financing to companies, marking what the U.S. private equity firm said.

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‘Significant issues remain’ in reaching deal over U.S.-listed Chinese company audits -SEC official

(Corrects pronoun in final paragraph) By Katanga Johnson WASHINGTON (Reuters) -“Significant issues remain” in reaching a deal with China over a long-running dispute around auditing compliance of China-based companies listed.

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TotalEnergies agrees to buy 50% of U.S. renewables company Clearway

PARIS (Reuters) – French company TotalEnergies said it had agreed to buy 50% of Clearway Energy (NYSE:CWENa) Group, the fifth-largest renewables company in the United States, which TotalEnergies said marked.

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JIC is considering acquisition of Toshiba – Bloomberg

TOKYO (Reuters) – Japan Investment Corp (JIC) is considering the acquisition of Toshiba (OTC:TOSYY) Corp, Bloomberg reported on Wednesday citing an unnamed source. Bain Capital and CVC Capital Partners have.

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Asian stocks shrug off Wall St weakness but growth concerns remain

By Kanupriya Kapoor (Reuters) – Asia stocks opened mostly in positive territory on Wednesday even as global growth concerns and weak U.S. economic data weighed on Wall Street overnight. MSCI’s.

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