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(Reuters) – Blackstone Group (NYSE:BX) Inc is seeking to raise at least $5 billion for its second private equity fund focused on Asia, Bloomberg News reported on Sunday, citing people familiar with the matter. With this new vehicle, Blackstone plans to more than double the size of its first Asia buyout fund, Bloomberg reported (https://www.bloomberg.com/news/articles/2020-11-22/blackstone-said-to-seek-at-least-5-billion-for-second-asia-fund?sref=SCAzRb9t).… More

By Augustinus Beo Da Costa and Bernadette Christina JAKARTA (Reuters) – Some of the relatives of victims of a fatal Boeing (NYSE:BA) 737 MAX crash in Indonesia have slammed a decision by U.S. aviation authorities to allow the jets to return to the skies, saying the move comes too soon. The U.S. Federal Aviation Administration… More

SAO PAULO (Reuters) – Brazilian securities regulator CVM’s board of commissioners decided on Friday that the founders of software firm Linx SA (SA:LINX3) will be allowed to vote at a Nov. 17 shareholder meeting that will decide on a takeover bid by card processor StoneCo Ltd (O:STNE). The board’s move reversed an October decision by… More

By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Inc (O:AAPL) on Tuesday introduced a MacBook Air notebook and other machines with its first central processor designed in-house for Macs, a move that will tie its computers and iPhones closer together technologically. The new chip, called the M1, marks a shift away from Intel Corp (O:INTC)… More

By Gina Lee Investing.com – Investors are still reeling from the shock of Ant Group Co. halting its dual listing in Shanghai and Hong Kong on Tuesday, two days before shares were set to trade in the $35 billion listing, the world’s largest to date. Alibaba (NYSE:BABA) Group Holding (HK:9988), Ant Group’s parent company, saw… More

BEIJING/SHANGHAI (Reuters) – China’s central bank and three financial regulators held talks with Ant Group Co Ltd’s top executives and its founder Jack Ma on Monday as Beijing published new draft rules for online micro-lending. The meeting comes after Ma questioned whether international financial regulations are suitable for the Chinese economy at a summit held… More

PARIS (Reuters) – Amazon is withdrawing advertising for pre-Black Friday discounts in France, after the government said the campaign was unfair to small shops at time when a coronavirus lockdown has forced them to close. France entered its second national lockdown on Friday to try to contain a surge in infections. The curbs imposed under… More

(Reuters) – Japan on Friday said it had picked Mitsubishi Heavy Industries (T:7011) (MHI) to lead the development of a new stealth fighter jet that Japan wants operational the mid-2030s to counter advanced Chinese aircraft. “We awarded the prime contract to Mitsubishi Heavy,” a ministry of defence spokesman said. The fighter jet project, which is… More

By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) – Shares in Samsung Electronics (OTC:SSNLF) Co Ltd and affiliates rose on Monday after the death a day earlier of Chairman Lee Kun-hee sparked hopes for restructuring and stake sales, analysts said. Investors were betting that such measures would be needed to pay a hefty inheritance tax,… More

By Niket Nishant (Reuters) – American Express Co (N:AXP) on Friday warned that business travel spending would not pick up before early 2022 after reporting underwhelming third-quarter profit due to weak spending on travel and entertainment by its card users. In what appears to be a shift in strategy, the New York-based credit card issuer,… More

(Reuters) – Sergio Ermotti, the outgoing chief executive officer of UBS Group AG (S:UBSG), has agreed to serve as chairman of Investindustrial Acquisition Corp, the blank check company said in a U.S. filing. Ermotti, who has led the world’s largest wealth manager since 2011, will take over the role from Jan. 1, Investindustrial said in… More

By Svea Herbst-Bayliss BOSTON (Reuters) – Activist investor Starboard Value boosted its stake in ACI Worldwide Inc (O:ACIW) to 9%, according to a regulatory filing made on Monday that helped push the payment systems company’s stock up more than 3% in afterhours trading. The New York-based hedge fund now owns 10.5 million shares in the… More

By Anshuman Daga SINGAPORE (Reuters) – Malaysia Airlines’ parent company is still holding negotiations with lessors and creditors over a restructuring plan to keep the carrier alive, but the talks are taking longer than planned, according to a staff memo seen by Reuters. “The negotiations are still ongoing and taking longer than the planned timeline,… More

By David Shepardson WASHINGTON (Reuters) – A U.S. judge in San Francisco on Thursday said she was “not inclined” to reverse her decision blocking the government from barring Apple Inc (O:AAPL) and Alphabet Inc’s Google (O:GOOGL) from offering WeChat for download in U.S. app stores. U.S. Magistrate Judge Laurel Beeler said at a hearing that… More