By Nina Xiang When the world's largest distressed debt investor Oaktree Capital Group announced last November that it would join hands with China Cinda Asset Management Co., Ltd., to invest in distressed assets in China and elsewhere, it left many questions unanswered. In what kind of distressed assets will they invest? Which strategy will they […]

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As the Islamic State militant group has advanced across Iraq and Syria, traditional regional alliances, long shaped by Western powers, have been upended. Particularly consequential is Turkish President Recep Tayyip Erdoğan’s struggle to reconcile his country's relationship with NATO with its image as a leading protector of Sunni Islam.

Move comes as state-owned enterprises struggle to meet mandates to help maintain growth

Demand ahead of HK-Shanghai stock connect drives renminbi interest rates to near record highs

Chicago-headquartered property services firm DTZ says it has completed a US$1.1 billion sale to an investor consortium composed of TPG Capital, Hong Kong-based private equity firm PAG Asia Capital and Ontario Teachers’ Pension Plan (OTPP), according to a company announcement. The investor consortium bought DTZ from Sydney-based UGL, which sold DTZ to focus on its […]

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US and EU authorities examine chip developer’s behaviour