Listed vehicles run by non-bank lenders trade at a hefty 11% dividend yield, yet also well below the value of their assets.

Just as fears over ending Britain’s non-domiciled tax status look overblown, a 20% ‘settling-up charge’ for wealthy leavers wouldn’t be catastrophic either. A bigger issue is that UK finance minister ...

Associated British Foods may break off its fashion business from its unit that makes tea bags and sugar. A split makes sense, ...

The Spanish group’s new plan involves a 50% dividend cut to trim leverage and fund investments. Yet its targets are modest, ...

A sense of relief permeated Hong Kong’s annual gathering of Global Financial Leaders this week as a truce in the Sino-American trade war and a rebound in Chinese equities set a relaxed tone for ...

The Japanese automaker expects a $2 bln full-year operating loss. One problem is weak sales in China. Now it wants to copy rivals there by exporting its excess capacity. CEO Ivan Espinosa can leverage ...

The $40 bln dining empire may slice off the slumping cheese and tomato pie chain to focus on KFC and Taco Bell. Its 20,000 franchises are probably worth only about $3 bln, but investing to upgrade ...

The US private capital group is paying $6 bln for half of the Danish group's big UK renewables project. Orsted gets cash to help avert a credit downgrade. But Apollo’s right to 70% of the wind farm's ...

The US coffee giant is selling control of its mainland retail operations to Boyu Capital in a $4 bln deal, even though it ...

Brussels wants to coordinate a defensive shield of unmanned aerial vehicles by 2027. Its approach is bureaucratic and slow. A ...

Kleenex maker Kimberly-Clark will buy Kenvue at a 46% premium, tanking its own stock by 13%. Synergies promise a decent return to numb the pain of a high price. It’s an opportunistic bet that claims ...

Izzy Englander sold 15% of his sprawling hedge fund at a $14 bln valuation. With $79 bln in assets, that price implies slower growth even as the industry raises record sums of capital. The architect ...