Reuters News

Trump: tax code lets hedge funds "get away with murder": Reuters

Republican presidential front-runner Donald Trump blasted hedge fund managers on Sunday as mere "paper pushers" who he said were "getting away with murder" by not paying their fair share of taxes.

Abraaj closes second North Africa fund at $375 mln: Reuters

Emerging market-focused private equity firm Abraaj Group has closed its second North Africa-focused fund at $375 million, it said in a statement on Monday.

Indonesian group buys 9.9 pct of Denmark's Saxo Bank: Reuters

Indonesia's Sinar Mas Group has acquired 9.9 per cent of Saxo Bank for 951 million Danish crowns, valuing the investment bank at 9.6 billion crowns ($1.45 billion), the Danish firm said on Friday.

Affinity, KKR team up to bid for Tesco's South Korean unit: Reuters

Private equity firms Affinity Equity Partners and KKR & Co (KKR.N) have teamed up to bid for Tesco plc's (TSCO.L) South Korean unit valued at about $6 billion, people with knowledge of the matter said on Friday.

Uber seen reaching $10.8 bln in bookings in 2015: Reuters

Uber Technologies Inc's global bookings are projected to rise nearly threefold to $10.84 billion this year and reach $26.12 billion the next, according to a recent presentation for potential investors seen by Reuters.

Solera explores sale to private equity, says source: Reuters

Solera Holdings Inc, which provides technology services to insurance companies, is in advanced talks to sell itself to private equity firms, a source told Reuters.

Standard Chartered PE arm invests in China's online lender Dianrong.com: Reuters

A consortium partly led by the private equity arm of Standard Chartered PLC has invested $207 million in China's Dianrong.com, the peer-to-peer online lender said on Thursday, the latest international investor to take a fancy to the firm.

Mexican fund buys stake in Poland's Amrest from Warburg: Reuters

Mexican private-equity fund Finaccess Capital agreed to buy a 32 percent stake in Poland's restaurant chain Amrest from Warburg Pincus, Amrest said on Thursday.

Digital health startup Grand Rounds raises $55 mln in funding: Reuters

U.S. digital health startup Grand Rounds, which connects patients with medical experts mainly for a second opinion, said it had raised $55 million in new capital.

Weather Channel said to hire banks to explore sale: Bloomberg

The owners of the Weather Channel have hired Morgan Stanley and PJT Partners Inc to explore a sale, Bloomberg reported, citing people familiar with the matter.