Bloomberg News

India: Apollo Hospitals promoters seek to sell stake in insurance JV with Munich Re

The family is seeking to sell its entire holding of 41 percent in Apollo Munich Health Insurance Co., for about $170 million.


China Minsheng, Wintime Energy said to have missed bond payments

China Minsheng is one of the largest private investment champions in China backed by 59 non-state companies and obtained an operating licence in 2014.


Bharti Airtel unit to merge with Telkom Kenya to take on rival Safaricom

The merged company will take on industry leader, Safaricom which is partly owned by Johannesburg-based Vodacom Group Ltd.


Anbang said to near asset sales in China, US as empire unwinds

A sale of Hexie Health Insurance Co. would be Anbang’s first major local asset disposal.


Indonesia eyes Shariah-compliant investment options for $8b Hajj Fund

As Indonesia offers limited Shariah investment opportunities, the agency is exploring opportunities overseas.


China names banking veteran Yi Huiman as head of securities regulator

The new role puts Yi Huiman, most recently ICBC chief, at the forefront of opening up the financial system to overseas firms.


Microsoft’s search engine Bing blocked in China amid rising trade tensions with US

The surprise move comes as tensions with the U.S. escalate and China pursues the biggest digital crackdown in its history.


Carlos Ghosn readies to resign as Renault chairman and CEO

The French company’s board is expected to appoint Michelin chief Jean-Dominique Senard as chairman and to make interim CEO Thierry Bollore’s role permanent.


China’s bankers face smaller bonuses, fewer job options

However, there may be some good news on the horizon, in the form of China’s financial opening. Granting majority ownership licenses to international firms operating local joint ventures should boost the job market.


China’s unicorn Luckin Coffee burning millions to overtake Starbucks

Launched about a year ago, the local challenger is confident it’s got a winning model: small coffee outlets that will outnumber Starbucks cafes by year’s end, an app that rushes out deliveries in about 18 minutes and lots of steep discounts.