Private equity fund L Catterton, which is backed by luxury giant LVMH Moet Hennessy Louis Vuitton SE, agreed to buy a majority stake in Italian beauty brand Kiko.
The equity benchmark for emerging markets rose Friday, cementing its biggest weekly advance in nine months, as Asian technology stocks got a boost from US corporate earnings that confirmed booming demand for artificial intelligence.
Nigerian banking stocks have lost more than a quarter of their value since the central bank announced a new minimum capital threshold that will force them to issue new shares.
Blackstone Inc.'s credit chief played down his industry's rivalry with banks, even as the biggest alternative-asset managers rise to become major sources of financing across the economy.
The debt crisis at Thames Water is jeopardizing £100 billion ($125 billion) of potential investment required over the next five years to mend Britain's crumbling utilities infrastructure.
Vietnam's National Assembly Chairman Vuong Dinh Hue has resigned days after his assistant was held in relation to a corruption probe, people familiar with the matter said.
ANA Holdings Inc. Chief Executive Officer Koji Shibata said ¥125 to the dollar is an ideal rate for the airline, joining the chief of Japan Airlines Co. in expressing concern over the Japanese currency's slide to 34-year lows.
New bank capital rules recently put forward by Switzerland may crimp UBS Group AG's ability to carry out share buybacks, weakening the firm's appeal for investors, according to KBW analysts.