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...Additional reporting by Antoine Gara...
...Carlyle earnings were buoyed by the $1.8bn sale of its stake in McDonald’s China and other asset sales that generated large performance fees for the group....
...However, China has proved more challenging for beauty companies because of deteriorating consumer confidence, the darkening economic outlook and tough competition from local brands....
...A growing appetite As its US counterparts in China are struggling with weak consumer demand and stiff competition from local rivals, McDonald’s is building up its China operation and spending billions to...
...Over almost three decades at the investment bank, Currie became famous for several notable calls including predicting a commodities “super cycle” driven by China’s rapid industrialisation and persistent...
...The state-backed group is the second-largest developer by sales in China and is one of the companies that has helped build modern China....
...McDonald's is increasing its ownership in its mainland China operations by buying a large minority stake in the unit from US private equity investor Carlyle Group....
...Economic rescue China’s citizens are saving rather than spending, the FT writes. Will Xi Jinping’s pivot to high-tech manufacturing be enough to boost the country’s economy?...
...In today’s newsletter: Nvidia becomes the stock market The 2017 grad dominating a PE niche China tech flocks to KSA Nvidia delivers a win for the global financial system No publicly traded company has...
...Late last month, China’s regulator conditionally approved it. It is not an easy moment to expand in China....
...China experts Bankers with Chinese expertise were once a hot commodity. That job security is starting to fade as deals disappear, Bloomberg reveals....
...Some analysts fear this funky-sounding structured product is exactly the sort of thing that could exacerbate problems in China’s vast market....
...Alexandre and Frédéric will join older siblings Delphine, 48, and Antoine, 46, on LVMH’s board, leaving Jean, 25, as the only one not yet on the board....
...The entrepreneur behind this is Charles Li — whose career has included stints as a New York-based lawyer at Davis Polk & Wardwell, president of Merrill Lynch China, chair of JPMorgan China and most recently...
...The stock’s slide extends an abysmal track record for companies floated by China’s Geely....
...Instead, he has worked on the liquidation of two of the most important companies to have collapsed in that time: Lehman Brothers and China Evergrande....
...And: The Abu Dhabi Investment Authority is seeking to capitalise on western investors’ retreat from China by offering to buy at a discount their stakes in funds managed by Hong Kong-based PAG....
...The deal comes as private equity firms step back from buyouts in China and raise less money for deals in the country, amid geopolitical tensions and a US ban on some investment in sensitive sectors in China...
...China’s trade ambition Friction with the west has prompted Beijing to build its own alternative system focused on developing nations, reports the FT in a Big Read....
...Shleifer was one of the firm’s first hires and spotted enormous opportunities from ascendant technology companies, particularly in China....
...He has made billions from an unheralded refining and fertilser operation that regularly pumps cash into his publicly listed holding company, Icahn Enterprises, reports DD’s Antoine Gara....
...The company was originally founded in China, and relies on factories in the country to produce the cheap goods that underpin its fast-growing business....
...India rising Investors are pulling billions of dollars of cash from China and redeploying it in India. Banks such as Goldman Sachs and Morgan Stanley are leading the charge, Bloomberg writes....
...They also showcase Brazil’s emergence as a source of the silvery white metal — a critical material for EV batteries — behind big suppliers Australia, Chile, China and Argentina....
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