Alibaba Group Holding Ltd. kicked off the process for what may be the biggest U.S. initial public offering in two years after struggling to persuade Hong Kong regulators to approve its proposed governance structure.
The largest life insurance policy ever issued has gone to an unnamed California billionaire living in Silicon Valley for an incredible $201 million dollars according to the Guinness Book of World Records.
SHANGHAI: The Chinese central bank's decision to relax its grip on the yuan has been welcomed as a sign of financial liberalisation, but it is aggravating concerns among foreign executives and investors about their exposure to China in the near term.
The yen, regarded along with gold as a haven investment, climbed against all 16 major... Read More. The yen, regarded along with gold as a haven investment, climbed against all 16 major currencies tracked by Bloomberg last week.
Russian billionaire Mikhail Fridman's L1 Energy investment vehicle agreed to buy RWE AG (RWE)'s Dea oil and gas unit, gaining assets in the North Sea.