AIA, Zurich submit separate bids for Australian insurers


Australia is an attractive market for foreign insurers such as Zurich and MetLife Inc

SoFi CEO Cagney to step down immediately

SoFi had earlier said that Cagney would step down, but stay on as CEO until a successor was found.

Blackbird Ventures leads $4.86m investment in NZ startup AskNicely

Blackbird Ventures has led a funding round in startup AskNicely.

Angry Birds maker Rovio moves forward with $1b IPO

The preliminary price range of 10.25 euros to 11.50 euros per share announced on Friday would give Rovio a market value of 802 million to 896 million euros.

UK retailer JD Sports enters S Korea with Hot-T investment

The firm has purchased an initial 15% of Hot-T for 5.5 million pounds and has a call option to buy a further 35% stake.

Credit Agricole sizing up opportunity for growth in Asia

CA Indosuez is planning to hire 15 to 20 bankers annually in Asia over the next few years.

Nestle said to pay up to $500m to buy Blue Bottle Coffee

Nestle will pay up to $500 million for a 68 per cent stake in the California-based company.

Qatar sovereign wealth fund cuts stake in Tiffany & Co

QIA has also recently cut its stakes in Russian energy giant Rosneft and Swiss bank Credit Suisse.

Michael Milken says private equity’s ‘golden age’ will continue

Milken also said the financial industry will probably face disruption from the digital revolution that’s upended industries globally.

Alphabet is said to consider Lyft investment of about $1b

Alphabet is also an Uber shareholder through its GV venture capital arm.