Richemont plans to combine its online fashion retailer Net-a-Porter with Italian Web-based clothing company Yoox a deal that will create an Internet shopping giant with revenue of more than $1.4 billion.
Chinese food company Cofco is on a determined shopping spree. In a few short years, Cofco has spent a couple billion dollars quietly buying up Australian cane fields, French vineyards and soybean pastures in Brazil. Now, Cofco is exploring deals in the U.S.
China has agreed to delay implementation of some bank technology rules that have sparked heavy lobbying from the U.S. government and technology companies due to protectionist concerns, a senior U.S. Treasury official said.
A number of high-profile investors are following in the footsteps of Bob Geldof, who raised money for Africa through his Live Aid concerts 30 years ago and now chairs a private-equity firm that invests in Ethiopia.