Deal
Warburg Pincus, Temasek buy insurance services firm SRG in £1 billion deal
WARBURG Pincus and Singapore’s Temasek agreed to acquire Specialist Risk Group (SRG), an independent insurance intermediary based in London.
IBM makes more AI models open source and lands Saudi Arabia deal
INTERNATIONAL Business Machines (IBM) on Tuesday (May 21) said that it will release a family of artificial intelligence models as open-source software, and that it will help Saudi Arabia...
China’s JD.com aims to raise US$1.5 billion in convertible bond deal
CHINESE online retailer JD.com is raising US$1.5 billion via a convertible bond sale, according to the company’s regulatory filings on Tuesday (May 21).
Boeing shareholders back outgoing CEO pay deal despite safety woes
BOEING shareholders voted on Friday to back outgoing CEO Dave Calhoun’s pay deal and reelection to the board, in an endorsement of company leadership as it faces heavy scrutiny...
ABN Amro in talks over French life insurance deal with BNP
Dutch bank ABN Amro said on Friday (May 17) its French private bank branch Neuflize OBC had entered exclusive negotiations with BNP Paribas Cardif to form a strategic partnership...
Goldman strikes US$43 billion investing deal for UPS pension funds
Goldman Sachs Group clinched a US$43 billion mandate to invest pension fund assets of parcel-delivery company UPS, in one of the largest deals of its kind. Â The investment mandate...
Blackstone to buy Priority Software stake in biggest Israel deal
Blackstone has agreed to buy a majority stake in Israeli enterprise software company Priority Software at an US$800 million valuation, marking the largest deal for the alternative asset manager...
👖 What’s the deal with thrifting?
🤔 Just a cheap thrill? While a common reason why many young adults enjoy thrifting is being able to buy cool clothes on a budget, the savings involved may...
