The party at China’s oldest Western food chain is missing a key guest. China Investment Corp is joining a consortium including Hillhouse Capital and former KKR & Co. senior executives planning a $14 billion-plus acquisition of Yum China Holdings Inc, Vinicy Chan, Cathy Chan, Carol Zhong and Manuel Baigorri wrote on Wednesday. The purchase of the KFC and Pizza Hut ...

It’s time to get real about the financial fragility of young technology companies. Far too many are living beyond their means, flirting with disaster and putting their investors at risk. Bloomberg Opinion examined 150 US technology companies that had gone public since the beginning of 2010 and were still operating independently as of Aug 10. About 37 percent had negative ...

Bloomberg Indonesia’s central bank raised its benchmark interest rate a fourth time since May in a surprise move aimed at underpinning the currency as volatility sweeps across emerging markets. The seven-day reverse repurchase rate was increased to 5.5 percent from 5.25 percent on Wednesday, as forecast by just seven of 28 economists in a Bloomberg survey, with the rest predicting ...