Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources

Exclusive: Buyout firms KKR, Blackstone among bidders for Philippine hospitals group – sources
SINGAPORE (Reuters) – Buyout firms KKR (KKR.N), Blackstone (BX.N) and CVC are among bidders competing for a stake in the hospital unit of Philippines’ Metro Pacific Investments Corp (MPI.PS), people with knowledge of the matter told Reuters. FILE PHOTO – Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange... Read More

Apple leads Wall Street rally as U.S. delays on tariffs

Apple leads Wall Street rally as U.S. delays on tariffs
(Reuters) – U.S. stocks surged more than 1.5% on Tuesday after the Trump administration said it would delay 10% tariffs on some Chinese products, including laptops and cell phones, driving a 4% rally in shares of iPhone maker Apple Inc. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 13, 2019. REUTERS/Eduardo... Read More

Scout24 to explore sale or spin-off of autos platform

Scout24 to explore sale or spin-off of autos platform
MUNICH (Reuters) – German classified listings group Scout24 (G24n.DE) said on Tuesday it would explore a sale or spin-off of its autos platform after facing calls from activist investor Elliott to sell the business. The headquarters of Scout24, an operator of digital marketplaces for real estate and automobiles, is pictured in Munich, Germany July 5, 2019. REUTERS/Michael Dalder The strategic... Read More

Scout24 sets strategic review for autos platform

Scout24 sets strategic review for autos platform
The headquarters of Scout24, an operator of digital marketplaces for real estate and automobiles, is pictured in Munich, Germany July 5, 2019. REUTERS/Michael Dalder FRANKFURT (Reuters) – German classified listings group Scout24 (G24n.DE), reporting upbeat second-quarter profits, said on Tuesday it would explore options for its autos platform after facing calls from activist investor Elliott to sell the business. “We... Read More

Pope caps reform of Vatican bank with new statutes

Pope caps reform of Vatican bank with new statutes
VATICAN CITY (Reuters) – Pope Francis has approved new statutes for the Vatican Bank, making an external audit obligatory and introducing other changes to bolster reforms that have turned around the once scandal-ridden institution. FILE PHOTO: New recruits of the Vatican’s elite Swiss Guard march in front of the tower of the Institute for Works of Religion (IOR) during the... Read More