Listed vehicles run by non-bank lenders trade at a hefty 11% dividend yield, yet also well below the value of their assets.

The Spanish group’s new plan involves a 50% dividend cut to trim leverage and fund investments. Yet its targets are modest, ...

Associated British Foods may break off its fashion business from its unit that makes tea bags and sugar. A split makes sense, ...

A sense of relief permeated Hong Kong’s annual gathering of Global Financial Leaders this week as a truce in the Sino-American trade war and a rebound in Chinese equities set a relaxed tone for ...

The Japanese automaker expects a $2 bln full-year operating loss. One problem is weak sales in China. Now it wants to copy rivals there by exporting its excess capacity. CEO Ivan Espinosa can leverage ...

The $40 bln dining empire may slice off the slumping cheese and tomato pie chain to focus on KFC and Taco Bell. Its 20,000 franchises are probably worth only about $3 bln, but investing to upgrade ...

The US private capital group is paying $6 bln for half of the Danish group's big UK renewables project. Orsted gets cash to help avert a credit downgrade. But Apollo’s right to 70% of the wind farm's ...

The US coffee giant is selling control of its mainland retail operations to Boyu Capital in a $4 bln deal, even though it ...

Brussels wants to coordinate a defensive shield of unmanned aerial vehicles by 2027. Its approach is bureaucratic and slow. A ...

Kleenex maker Kimberly-Clark will buy Kenvue at a 46% premium, tanking its own stock by 13%. Synergies promise a decent return to numb the pain of a high price. It’s an opportunistic bet that claims ...

The US pharma giant wants a court to stop biotech Metsera from ditching its deal for an $8.5 bln rival bid from Novo Nordisk. The Danish giant's cash comes with few strings, making the legal approach ...

Izzy Englander sold 15% of his sprawling hedge fund at a $14 bln valuation. With $79 bln in assets, that price implies slower growth even as the industry raises record sums of capital. The architect ...