Bloomberg Here’s a tip to buyout funds that rely on bank debt to buy promising companies. Don’t take those same banks to court unless you’re sure you have a very, very good case. Terra Firma’s Guy Hands clearly thought he had his reasons to haul Citigroup before a London court this week over his 4 billion-pound (US$5.7 billion) 2007 ...

  Paris / AFP Auto giants are racing to invest in car- and ride-sharing services, lured by the prospect of fat profits yet to be tapped from a billion cars on the world’s roads. A typical car spends 95 percent of its life at a standstill, industry analysts say, making it a vastly under-utilised, depreciating asset. There may be big ...

  Marcel Schwantes Tribune News Service Let me ask you: What personal attributes would you say give you a competitive edge? Is it your persuasiveness? Emotional intelligence? Drive to achieve? Is it the ability to understand how Millennials think and how best to lead them? So many of us have untapped, X-men-like skills and abilities that we have yet to ...

  Sunaina Rana/ Emirates Business Braun, the leading provider for international beauty and grooming products for women and men, has stepped into the Middle East market under the flagship of The New Store LLC (TNS) of Mustafa bin Abdullatif Holding LLC company(MBAL Holding). Braun’s Lifestyle range has been catering to the beauty industry for over 60 years. The latest store ...

  Our Correspondent EMIRATES BUSINESS Hitches & Glitches is a successful UAE-based home maintenance company that has been built on reliability, quality workmanship and value-for-money. The company started operations in 2010 with just one vehicle and five technicians. Now a part of the Farnek Group, Hitches &Glitches has over 200 vehicles, employs more than 3000 highly trained technicians and serves ...

  Washington / AFP The unexpected downturn in the US jobs market has once again removed an interest rate hike from the table as the Federal Reserve meets on monetary policy this week. Analysts say the dismal May jobs report released on June 3, the worst in almost six years, and still-weak inflation will stay the hand of the Federal ...

  Bloomberg Dr. Reddy’s Laboratories Ltd. agreed to buy a handful of generic products, most of them awaiting U.S. regulatory approval, from Teva Pharmaceutical Industries Ltd. and a unit of Allergan Plc, a transaction required for Teva to be allowed to proceed with the takeover of Allergan’s generics business. Dr. Reddy’s will pay $350 million in cash, the Hyderabad, India-based ...

  Bloomberg Chile’s inflation rate was unchanged in May, above the target range, as central bank President Rodrigo Vergara used price-growth to explain the bank’s continued tightening bias in monetary policy as unemployment rises. Prices increased 4.2 percent from the year earlier, the National Institute of Statistics reported. In the month, prices gained 0.2 percent, the agency said. Policy makers ...

  Bloomberg Teine Energy Ltd., the energy company backed by Canada Pension Plan Investment Board, has agreed to buy oil-producing properties from Penn West Petroleum Ltd. for C$975 million ($763 million) in cash. The deal involves all of Penn West’s properties in the Canadian province of Saskatchewan, including its Dodsland Viking light-oil assets in the east and the medium and ...

  Bloomberg Brazil’s fiscal accounts were in worse shape than initially thought after the suspension of Dilma Rousseff, underscoring the challenge facing the country’s new economic team, acting President Michel Temer said. “It was surprising, in a negative way, what we encountered,” Temer told the Folha de S. Paulo newspaper in an interview on its website. “The fiscal accounts were ...