Chinese Companies in Pentagon Spotlight Hire Global Banks to Sell Dollar Bonds
ChemChina and Three Gorges, designated by the U.S. Defense Department as "Communist Chinese military companies," are pursuing bond deals with the help of Western banks.
Calpers Weighs Curbs on Investment Chief's Personal Holdings
Directors of the nation's largest pension fund will discuss limiting personal investments by the fund's investment chief following revelations that the former chief held shares in one of its private-equity managers.
Coronavirus Legal Fight Between Insurers and Businesses Goes Global
A U.K. court will decide whether business-interruption policies are clearly worded, Australian insurers want to know whether a 100-year-old law that no longer exists excludes the pandemic, and a French court found in favor of a restaurant owner who sued for cover over government-ordered lockdowns.
Silver Lake-Led Group Invests $650 Million in Klarna
The investment from a group led by private-equity firm Silver Lake represents a bet on a financial-technology company that has benefited from the ramped-up shift to e-commerce, and brings Klarna's valuation above $10 billion.
Uruguayan Payments Company dLocal Valued at $1.2 Billion in General Atlantic-Led Deal
Montevideo, Uruguay-based dLocal, which helps international companies process payments in emerging markets, raised $200 million in a growth-equity financing round led by General Atlantic, with Lee Fixel's firm Addition participating.
Regulators to Reprimand Citigroup for Failing to Improve Risk Systems
The expected rebuke from the Office of the Comptroller of the Currency and the Federal Reserve accelerated planning for Chief Executive Michael Corbat's retirement.
U.K. Names Chief for New Accounting Board
The U.K. government named a chairman for a new international accounting standards board, which is expected to be operational once the country's transition period with the European Union is over.
NY Fed Survey Finds Consumers Less Pessimistic in August
The economy's uneven recovery amid the coronavirus pandemic is helping lift consumer moods from weak levels, as inflation expectations tick higher.
Conductive Ventures Raises $150 Million Second Fund
Conductive Ventures, whose sole limited partner is Japanese electronics company Panasonic Corp., has raised $150 million for its second venture fund focused on enterprise software and hardware startups.
Massachusetts Pension Overseers Join MIT Sloan ESG Initiative
A search for reliable data concerning environmental, social and governance factors to use in investment decisions prompted the $75 billion Massachusetts pension system to become the founding member of a project that aims to clarify ESG measurement for investors.
