Leigh Thomas

China’s CIC says trade war with US would adversely affect its investments

In a statement, it called the U.S. actions “completely unacceptable”.

Accor to buy owner of Fairmont, Raffles, Swissotel brands for $2.9b

The Paris-based group said it would pay for FRHI Holdings Ltd, parent of the Fairmont, Raffles and Swissotel chains, with $840 million in cash and by issuing 46.7 million new shares.