Kering Gets $690 Million for Stake in Fifth Avenue Property

Gucci owner Kering will receive $690 million for a majority stake in a Fifth Avenue property in a deal with private-equity group Ardian, as the luxury group continues to unload assets to bolster its ...

DBS, OCBC Shares Clock New Intraday Highs on Capital-Return Prospects

DBS Group's shares rose as high as 1.3% to 56.00 Singapore dollars, equivalent to US$43.43, while OCBC climbed as high as 0.8% to S$19.45 early Tuesday. DBS and OCBC have since pared gains and were ...

Holcim to Buy Peruvian Building-Materials Producer Cementos Pacasmayo

Holcim said it will buy a majority stake in Peruvian building-materials producer Cementos Pacasmayo, in a deal that values the target as a whole at $1.5 billion. The Swiss building-materials supplier ...