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Goldman Sachs likes China yuan on possible US tariff rollback

Bloomberg Goldman Sachs Group Inc recommends buying the Chinese yuan on a bet the US will roll back some of its additional tariffs on the Asian nation. The investment bank also likes the Indonesian rupiah due to its relatively high interest rates, and sees further gains in Thailand’s baht given the country’s persistent current-account surplus, Zach Pandl, co-head of global ...

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EBay sells ticket marketplace StubHub to Viagogo for $4.05b

Bloomberg EBay Inc is selling its ticket marketplace StubHub to European rival Viagogo for $4.05 billion in cash, allowing the company to focus on its main retail site and address pressure from shareholder activists. Starboard Value and Elliott Management Corp, the New York-based hedge fund run by billionaire Paul Singer, earlier this year proposed a plan to improve EBay’s performance, ...

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China’s Anta Sports considers selling its fitness brand Precor

Bloomberg Anta Sports Products Ltd is considering a sale of its fitness equipment brand Precor Inc after receiving approaches from potential buyers, according to people familiar with the matter. The biggest sportswear maker in China is working with an adviser for a potential sale of the US business that could fetch about $500 million, said the people, who asked not ...

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