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PETALING JAYA: Arun Bhatia, who sparked concerns over the control and shareholding of AirAsia India recently, has finally inked a deal to get out of the venture, while one of India’s biggest conglomerates, Tata Sons, is raising its stake in the airline.
If 2015 was a dream year for Wall Street’s top dealmakers, 2016 is starting to take a nightmarish turn. The move by the Obama administration to suddenly change the rules has sent a chilling message to dealmakers and comes on top of a number of legal challenges to big transactions. The political uncertainty and antitrust concerns mean that firms will think twice about future tie-ups that consolidate industries and move tax dollars offshore.
STEVE Schwarzman, CEO of Blackstone Group LP, who recently returned from South Korea offers a polite answer to the question everyone keeps asking: “It’s very colourful.”
RIGA (Latvia): Many Latvians got a shock this summer when they were informed their bank accounts risked being blocked if they didn’t hand over details of their citizenship, financial plans and any ties to high-level politics.
WASHINGTON: President Donald Trump's most far reaching action since taking office plunged America's immigration system into chaos on Saturday, not only for refugees but for legal U.S. residents who were turned away at airports and feared being stranded outside the country.
CHINA’S economic boom in recent decades has created a group of billionaires who amassed wealth at dazzling speed, but who are finding themselves targets in the country’s opaque political and economic system.