KKR to Buy Two Units in Australia’s Perpetual for $1.4 Billion
KKR & Co. will buy the wealth management and corporate trust units of Australian fund manager Perpetual Ltd. for A$2.175 billion ($1.43 billion), ending a months-long sale process.
KKR & Co. will buy the wealth management and corporate trust units of Australian fund manager Perpetual Ltd. for A$2.175 billion ($1.43 billion), ending a months-long sale process.
As the Chinese bond market undergoes a powerful rally, the nation’s so-called policy banks are turning away from the People’s Bank of China as a source of funding and rushing to raise debt instead.
UBS Group AG has made a slew of leadership appointments for its debt capital markets business in Australia and New Zealand as it expands that business around the world.
Oil was steady near the the lowest level since mid-March as traders tracked tensions in the Middle East and a mildly bearish US stockpiles report.
Stocks in Asia struggled for direction following a sluggish US session, with investors split on whether the market can sustain this month’s rally given economic crosscurrents.
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