HONG KONG, March 25- When little-known Chinese taxi-hailing app Didi Dache needed $15 million to grow its business two years ago, a local upstart investment bank stepped in to help it raise the funds from social networking giant Tencent Holdings Ltd.. Didi tapped Bao to put together the deal, sidestepping Wall Street heavyweights like Goldman Sachs and Morgan...» Read More
JUPITER, Florida, March 2- In October 2003, Jeb Bush unveiled one of the largest economic projects in Florida history: a $500 million plan to bring Scripps Research Institute to the state and build a biomedical hub he said would generate nearly 50,000 jobs in 15 years. As governor, he described it as a "seminal moment," comparable to Walt Disney World's arrival in...
A consortium of banks, led by JPMorgan Chase& Co, had offered to finance the deal for Telesat's parent, New York- based Loral Space& Communications Inc, offering much more debt than regulators are comfortable with, the sources said. After discussions with regulators, however, JPMorgan revised its debt financing offer down, offering to lend an amount equal to closer...
NEW YORK, Jan 27- Blackstone Group LP, the world's largest alternative asset manager, is raising its first energy-focused credit fund, according to people familiar with the matter, the latest sign that private equity firms are seeing investment opportunities among distressed energy assets. GSO Capital Partners LP, Blackstone's credit investment arm, has...
ZURICH, Jan 14- Swiss mobile telecoms company Sunrise plans to raise around 1.35 billion Swiss francs in a stock market debut, potentially Switzerland's biggest flotation since 2006.. Switzerland's No.2 telecoms operator behind Swisscom said on Wednesday the move-- the latest planned capital raising in a lively start to 2015 for European equity markets--...
SAN FRANCISCO, Dec 16- Formation 8, the venture-capital firm known for backing virtual-reality company Oculus VR, said it was beefing up its Asian operations by adding a partner in Singapore, investor Joel Sng. By hiring Sng, Formation 8 hopes to stand out from the pack of U.S.-based venture capital firms by bringing more deals in Asia to Formation 8 portfolio...
The fund, created by startup whiz kid Joe Lonsdale and colleagues Brian Koo and Jim Kim, specializes in technology companies with aspirations of doing business in Asia. Formation 8 uses connections in Asia to help companies in their portfolio, as it did with Oculus. Working with Formation 8 can help their U.S. portfolio companies gain the same entree to Asia they...
CNBC's Rick Santelli reports the latest economic data on business supplies.
CNBC's Jeff Cox talks about capital expenditure and how this has been the missing link for the economy.
Peter Redward, Principal, Redward Associates expects U.S. fiscal tightness to dissipate and says America is on the verge of a pick up in business investment.
The FDIC on Tuesday will propose a leverage rule requiring big banks to have common equity equal to at least 5 percent of their assets, sources tell CNBC.
Deutsche Bank said it will beef up its balance sheet with a 2.8 billion euro capital increase and unveiled forecast-beating first-quarter earnings following a wave of aggressive cost cuts.
Bill Issac, Fifth Third Bancorp chairman, explains why he thinks banks should have "very high tangible equity" and a lot of "long-term and subordinated senior debt," that is "discipline" by the debt holders.
Jesper Koll, MD & Head of Japanese Equity Research at JPMorgan Securities says there will be more tech alliances between Japan & Korea and Japan & China.
When Turkish conglomerate Anadolu Holding put its 75-percent stake in Alternatifbank up for sale last year, a distant potential suitor from Asia took a close look at the business.
The number of franchise establishments grew in 2012, the first time since 2008, according to a report compiled by IHS Global Insight. But while more growth is forecast for 2013, cautious optimism is the dominant mood.
Jeff Dachis doesn’t want to hear your whining about Facebook — especially if you’re a corporate marketer who’s been using the social network to spew messages to anyone and everyone who has ever simply “liked” your brand.
A former McDonald’s executive and a food-obsessed investment banker are trying to blow up the fast food industry. How? They’re building a chain of restaurants — called Lyfe Kitchen — serving locally grown, sustainable, gourmet, fast, and cheap meals.
What’s the next economic revolution? According to General Electric Chief Economist Marco Annunziata, it’s the “industrial Internet” — intelligent machines such as jet engines, power turbines and medical devices.
CNBC.com presents a list of the 10 states with the most ultra-high net worth individuals on a per capita basis.