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Industrials Commercial and Professional Services

  • March 2- Banks across the world have paid about $321 billion in fines since the 2007-2008 financial crisis as regulators stepped up scrutiny, according to a note by the Boston Consulting Group. North American banks accounted for nearly 63 percent of the total fines, or about $204 billion, during 2009-2016, the consultancy firm said. While U.S. regulators have...

  • ZURICH, March 2- Swiss staffing group Adecco has seen a major slowdown in permanent hiring by British firms as financial groups wait to see what will happen once the country triggers it exit from the European Union, Chief Executive Alain Dehaze said on Thursday. Revenue from placing workers in permanent jobs in Britain fell 15 percent in the last three months of...

  • The sources said companies being considered for the shortcut could include Alibaba Group's Ant Financial affiliate, the world's most valuable financial technology company; Zhong An Online Property and Casualty Insurance, and security software maker Qihoo 360 Technology Co.. China has been losing out to the New York Stock Exchange and Nasdaq on key...

  • STATE OIL FIRM PETROBANGLA TO HIRE CONSULTANCY WOODMAC TO ASSESS CHEVRON ASSETS BEFORE A FORMAL BID- SOURCES.

  • Stock funds based in the United States attracted nearly $11.5 billion during the week ended Feb. 15, including $8.9 billion into funds invested domestically, the data showed. "Trump's anti-trade rhetoric with China and Japan have lessened over the last week," said Tom Roseen, head of research services for Thomson Reuters Lipper. Trump, who last month accused China...

  • *Hejun Vanguard Group filed two complaints with MOFCOM. HONG KONG, Feb 16- A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald's Corp, arguing in a complaint to regulators that the American fast food giant's China sale may hurt workers and consumers. Beijing- based Hejun Vanguard Group, a...

  • CHINESE CONSULTANCY FILE TWO COMPLAINTS WITH CHINESE GOVERNMENT OVER MCDONALD'S PLANNED SALE OP ITS CHINA BUSINESS.

  • NEW YORK, Feb 14- As century-old Wall Street brokerages have agonized over the fate of a major U.S. regulation on retirement advice, younger Silicon Valley counterparts have coolly shrugged their shoulders. At issue is when and how the federal government will implement the so-called "fiduciary rule" handed down by the U.S. Labor Department last year.

  • NEW YORK, Feb 14- As century-old Wall Street brokerages have agonized over the fate of a major U.S. regulation on retirement advice, younger Silicon Valley counterparts have coolly shrugged their shoulders. At issue is when and how the federal government will implement the so-called "fiduciary rule" handed down by the U.S. Labor Department last year.

  • LONDON, Feb 12- A small global sugar surplus is forecast for the 2017/ 18 season but stocks will remain almost unchanged at "historically low levels," Tropical Research Services said in a report. "Elevated sugar prices had stimulated a significant sugar supply response globally which will combine with an expected normalization of sugar production levels in the...

  • Blackstone has agreed to acquire insurance broker Aon's employee benefits outsourcing business for around $4.8 billion.

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to private equity firm Blackstone Group LP for $4.3 billion in cash. The repurchase program has been increased by $5 billion, bringing the total amount currently authorized for repurchases to about $7.7 billion as of Feb. 10, Aon added.

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to private equity firm Blackstone Group LP for $4.3 billion in cash. The repurchase program has been increased by $5 billion, bringing the total amount currently authorized for repurchases to about $7.7 billion as of Feb. 10, Aon added.

  • Feb 10- Insurance broker Aon PLC said on Friday it agreed to sell its benefits administration and HR BPO platform to Blackstone Group LP for $4.3 billion in cash. Aon said it expected the deal to improve its return on invested capital and add to adjusted earnings per share in 2018.. The repurchase program has been increased by $5 billion, bringing the total amount...

  • NEW YORK, Feb 9- Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc's employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday. Blackstone prevailed over buyout firm Clayton Dubilier& Rice LLC in an auction for the benefits administration and human resources...

  • Feb 6- Advisory Board Co said it would explore strategic alternatives, including a sale of part or the entire company, weeks after activist investor Elliott Associates LP said the healthcare IT company's stock was "significantly undervalued." On Jan. 12, Elliott Associates LP, a unit of activist hedge fund Elliott Management Corp, disclosed an 8.3 percent stake in...

  • Feb 6- Advisory Board Co said on Monday it would explore strategic alternatives, including a sale of part or the entire company. The company provides research and software tools as well as consulting services to healthcare and education companies. Advisory Board's announcement comes three weeks after Elliott Associates LP, a unit of activist hedge fund...

  • The Brazilian unit of Deloitte will pay $8 million to settle civil charges that it issued and tried to cover up false audit reports.

  • Connection to Asia is critical: Deloitte

    Cindy Hook, CEO of Deloitte Australia, weighs in on the debate on protectionism and free trade.

  • KBZ Myanmar

    KBZ Bank's Zaw Ling Aung explains how the private bank can help companies deal with the challenges of starting a business in Myannar.