DBS hires private bankers for rich Russians as rivals baulk
DBS has beefed up its wealth management team to cater to rich Russians at a time when many global rivals are staying away from the business amid concerns over widening sanction risks.…
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Mizuho weighs new push to target India’s private equity boom
MIZUHO Financial Group is considering making a push into a new area for the lender in India focusing on private equity and venture capital firms, seeking to tap some of the most prolific…
BlackRock has deal to buy private credit manager HPS: report
BLACKROCK has a handshake deal to buy private credit group HPS Investment Partners, the Financial Times reported on Wednesday (Nov 27). The final deal value would be closer to US$12…
Barclays to add Singapore as private bank booking centre by 2026
BARCLAYS plans to add Singapore as its second booking centre for its private bank operations in Asia Pacific, marking a full return to the wealth hub. Rich clients will be able to park…
Hong Kong’s private wealth assets rise for first time since 2020
HONG Kong’s total private wealth assets under management rose slightly last year to about HK$9 trillion (S$1.6 trillion), the first annual growth since 2020, according to a report released…
Another Private Wavegarden Pool Is Opening in Brazil
Another wave pool is slated for construction in Brazil, but you’ll have to buy property to surf it. Wavegarden announced that a new private residential community called Fazenda Vista Verde…
BlackRock readies US$1.3 billion private credit continuation fund
BLACKROCK is setting up a private credit loan fund that will allow it to raise as much as US$1.3 billion it can distribute to existing investors, people with knowledge of the matter said.…
Ethiopia bans imports of gas-powered private vehicles, but the switch to electric is a bumpy ride
ADDIS ABABA, Ethiopia (AP) — As the price of fuel soared in Ethiopia earlier this year, Awgachew Seleshi decided to buy an electric car. That aligned with the government's new efforts to…
China new home prices grow slightly faster in Oct, private survey shows
BEIJING (Reuters) - Prices of new homes in China rose at a faster pace in October, traditionally a peak season for house hunting, a private survey showed on Friday, suggesting that recent…
KKR earnings surge 58%, joins half-trillion club in private markets race for scale
KKR & Co reported a third-quarter profit that beat Wall Street estimates as the alternative asset manager generated record transaction fees for its capital markets business. Adjusted net…
BlackRock hits US$11.5 trillion of assets as private markets grow
BLACKROCK pulled in US$160 billion of client cash to its long-term investment funds last quarter, pushing the world’s largest money manager to a record US$11.5 trillion of assets as it…
Private rail for India: a positive step towards long-overdue reform?
Private Rail in India: The Shift Towards Privatization Indian Railways is opening up to private operators for the first time since it was nationalised in 1951. Starting from March 2024,…
Private sector capex likely to improve among rising biz confidence: CII
On the back of a favourable monsoon, 78 per cent of respondents said they expect inflation this year to remain below 5 per cent | File image 3 min read Last Updated : Oct 06 2024 | 2:13 PM…
BlackRock chases private credit deals in record India market
BLACKROCK, the world’s largest asset manager, is hunting for Indian direct lending opportunities in a broadening array of sectors from agriculture to hospitality as the nation’s booming…
Private jet use, social media posts: Unpacking the controversies around Jokowi’s family
Allegations snowball amid concerns of dynasty-building, with the spotlight on Singapore firm Shopee and its Indonesian investments In just a few weeks, Joko Widodo will conclude his…
Private sector capital expenditure zooms 42% in Q2, shows CMIE data
3 min read Last Updated : Oct 02 2024 | 12:18 AM IST Private sector companies announced the setting up of factories and other new projects worth Rs 4.1 trillion in the three months ended…
Andhra Pradesh notifies new liquor policy, to allow private retailers
1 min read Last Updated : Oct 01 2024 | 11:41 PM IST The Andhra Pradesh government on Monday notified a new liquor policy, allowing private retailers to sell spirits on the lines of…
Private equity deals in India pick up after two years of decline
After two years of decline, private equity (PE) transactions in India have risen by 8.9 per cent in the first nine months of 2024, reaching $24.2 billion, compared to $22.23 billion in the…
Top 5 private equity players invested $9 billion in in first half of 2024
3 min read Last Updated : Sep 27 2024 | 12:06 AM IST The funding environment in India for startups is improving this year if one were to go by Bain & Company estimates. Five private equity…