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Blackstone profit tops view; sees more deals ahead
NEW YORK (Reuters) - Private equity firm Blackstone Group LP (BX.N) posted a forecast-beating quarterly profit on Friday and said it is gearing up for more deals and IPOs as the lending and equity markets recover.
Nations:Canada Source:(Reuters)
2009-11-06
China to keep closer eye on firms investing abroad: govt
SHANGHAI (AFP) - China plans to tighten up supervision of domestic companies looking to invest overseas, the government said, after some high-profile investments abroad turned sour amid the global economic crisis.
Nations:China Activities:Global Financial Crisis Source:(AFP)
2009-01-09
China reluctant to invest in foreign banks
HONG KONG - China's sovereign wealth fund, which last year poured $5 billion into Morgan Stanley, is reluctant to plow more money into foreign banks until governments hash out coherent policies to cope with the global economic and financial turmoil, the fund's head said Wednesday.
Nations:China U.S. People:Bill Clinton Activities:Global Financial Crisis Source:(AP)
2008-12-03
Stocks tumble, lose 10 percent in 2-day rout
NEW YORK - Wall Street plunged for a second day, triggered by computer gear maker Cisco Systems warning of slumping demand and retailers reporting weak sales for October. Concerns about widespread economic weakness sent the major stock indexes down more than 4 percent Thursday, including the Dow Jones industrial average, which tumbled more than 440 points.
People:Barack Obama Activities:U.S. Markets
2008-11-06
Blackstone eyes China property, sees lower prices
U.S. private equity giant Blackstone Group (BX.N) said on Wednesday that it still aims to complete a pair of property deals in Shanghai, although a company official said valuations in China need to come down and regulations should be friendlier to foreign investors.
Nations:China Activities:2008 China Real Estate Crisis Source:(Reuters)
2008-10-15
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