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China’s Fosun eyes acquisitions in North America tourism market

Bloomberg Chinese conglomerate Fosun International Ltd. is looking to gain a bigger foothold in North America’s tourism and leisure market through acquisitions, as the owner of Club Med SAS launches a new product line for China. “We’re interested in anything related to the tourism sector, from travel agencies and resort brands to recreational content providers,” Qian Jiannong, senior vice president ...

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Glencore to face UK bribery probe over Congo dealings

Bloomberg The UK’s white-collar crime prosecutor is preparing to open a formal bribery investigation into Glencore Plc and its work with billionaire Dan Gertler and the leader of Democratic Republic of Congo, according to two people with knowledge of the matter. Investigators at the Serious Fraud Office plan to seek formal approval for a full probe into Glencore’s dealings in ...

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Greece moves closer to bailout exit after deal with creditors

Bloomberg Greece and its creditors agreed on the next steps for completing the country’s final bailout review, a key milestone for exiting the program and striking a deal on debt relief. Government officials and representatives from the International Monetary Fund and euro-area creditor institutions completed a week of discussions in Athens. Greek Finance Minister Euclid Tsakalotos said reaching a technical ...

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