Standard Chartered Plc (STAN.L) is considering spinning out its private equity business to its managers, Bloomberg reported on Friday, citing two people familiar with the matter. The unit’s managers, led by Joseph Stevens, would take control of a business that oversees about $5 billion of assets, Bloomberg reported. “The Group is looking at non-core businesses, [...]
Bloomberg
Standard Chartered mulls spinning out PE business: Bloomberg
September 16, 2016
Business
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Saudi Arabia to announce reform plan April 25: Bloomberg
DUBAI – Saudi Arabia will announce on April 25 a comprehensive plan to prepare the kingdom for an era in which it does not rely heavily on oil, Bloomberg quoted deputy crown prince Mohammed bin Salman as saying. The “Vision for the Kingdom of Saudi Arabia” will include developmental, economic, social and other programs, Prince Mohammed [...]
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