Failed Warburg Pincus talks reveal scale of BlackRock’s private equity ambitions
Discussions about a possible strategic partnership foundered over two firms’ competing visions
Mergers & Acquisitions
Harbour Energy/Wintershall: minnow lands transformational deal
Purchase reverses UK oil and gas producer out of a strategic cul-de-sac
Mergers & Acquisitions
Bank of England losses on QE greater than other central banks, says ex-rate setter
Michael Saunders warns counting costs of bond-buying programme in public debt could force fiscal retrenchment
Central banks
Warner Bros/Paramount: bloated structures should curb ambitions
Caution should surround the discussions about big media deal
Mergers & Acquisitions
China’s BYD set to announce Hungarian electric vehicle factory
Group to invest in car plant in bid to dominate European EV industry by end of decade
Electric vehicles, Batteries
Eni: Plenitude pre-IPO stake sale is sweet reward for patience
Confidence is slowly returning to green energy stocks amid mounting expectations that interest rates have peaked
Renewable energy
UK’s Harbour Energy agrees $11.2bn deal for Wintershall Dea assets
Acquisition expected to create one of world’s largest independent oil and gas companies
Mergers & Acquisitions
Open-ended funds: regulators seek to avoid liquidity hiccups
Proposed global rules aimed at minimising the incentive for investor stampedes should be welcomed
Financial & markets regulation
Allen & Overy rolls out AI contract negotiation tool in challenge to legal industry
Law firm works with Microsoft and AI start-up Harvey in attempt to ‘disrupt the legal market before someone disrupts us’
Artificial intelligence
Taiwan/China: trade tiff targets island’s presidential election
The timing of Beijing’s ending of tariff cuts for certain chemical imports is telling
Chemicals