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How Blackstone turned India into its most profitable market

Bloomberg Blackstone Group LP says it’s found the formula for making money in India, which has become its top-performing market globally after the firm began focusing on bigger buyout deals. Over the past few years, Blackstone has started concentrating on select sectors like consumer and information technology where it expects India to see the most wealth creation, according to Senior ...

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Dropbox aims to raise $748mn in IPO

Bloomberg Dropbox Inc. aims to raise as much as $648 million in its US initial public offering. The file-sharing company is marketing 36 million shares of Class A common stock for $16 to $18 apiece, according to a filing with the US Securities and Exchange Commission on Monday. At the high end of that range, Dropbox would have a market ...

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EU dismisses Trump’s car threats, vows to ‘stand up to bullies’

Bloomberg The European Union’s trade chief dismissed US President Donald Trump’s threat to impose tariffs on car imports, and vowed to “stand up to bullies,” adding to signs that a widening trans-Atlantic rift over protectionism could escalate into an all-out trade war. “In some places, trade has been blamed for the pains of globalization, others use it as a scapegoat ...

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