The venture capital industry is being hit by shrinking returns as it continues to struggle to recover from the financial crisis. The 10-year return, seen as the most reliable benchmark for the industry, was negative 4.2 percent at the end of the second quarter, compared with a positive 14.3 percent during the same period last [...]
Provident Healthcare Partners, the boutique investment bank, has started its first venture capital fund with $25 million in committed financing. Provident plans to make investments across a number of health care sectors, like home care, hospice and therapy management, the company said in a statement. The fund includes an incubator for early stage start-up funding, [...]
The Industrial and Commercial Bank of China, the bank with the highest market value, agreed to buy a 60 percent stake in the AXA Group’s Chinese insurance venture in its latest foray outside banking, Bloomberg News reported. The bank will pay about 1.2 billion yuan ($180 million) for the stake in AXA-Minmetals Assurance, the bank [...]
BHP Billiton and Rio Tinto on Monday pulled the plug on their plans to form a $116 billion iron ore joint venture after regulators in Australia and elsewhere signaled they would block the deal because of competition concerns, Bettina Wassener reports in The New York Times. A revival of demand for raw materials as the [...]
BHP Billiton and Rio Tinto on Monday pulled the plug on their plans to form a $116 billion iron ore joint venture after regulators in Australia and elsewhere signaled they would block the deal because of competition concerns, Bettina Wassener reports in The New York Times. A revival of demand for raw materials as the [...]
10:43 a.m. | Updated By JAMES KANTER BRUSSELS — Antitrust authorities from around the world have signaled objections to a $116 billion joint venture between BHP Billiton and Rio Tinto, leaving the deal’s fate uncertain. The German antitrust agency, the Federal Cartel Office, said Thursday that it had told the companies of its concerns after [...]
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