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Blackstone buys majority stake in shapewear maker Spanx

Investment firm Blackstone Inc said on Wednesday it would buy a majority stake in Spanx, valuing the underwear maker at $1.2 billion.

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Kenya sets up audit team for loss-making power distributor

Kenya has set up an audit and oversight team to supervise loss-making power distributor Kenya Power, the Interior Ministry said, days after the state-controlled firm was ordered to stop any ongoing power purchase agreement negotiations.

Nairobi , Nairobi-area , Kenya , Kenyan , Edmund-blair , Fred-matiangi , Uhuru-kenyatta , George-obulutsa , Elias-biryabarema , Thomson-reuters-trust-principles , Financial-reporting-centre , Assets-recovery-authority

RPT-UPDATE 2-India's Zee accuses Invesco of double standards in Sony merger

India's Zee on Tuesday said top shareholder Invesco's opposition to a proposed merger of the TV network with Sony's India unit is hypocritical because the U.S. investment firm pitched a deal with similar terms earlier this year.

India , Cynthia-osterman , David-gregorio , Punit-goenka , Sankalp-phartiyal , Edmund-blair , Thomson-reuters-trust-principles , Invesco , Zee-entertainment-enterprises , Sony , Reuters , Entertainment-enterprises

India's Zee questions motives of Invesco over its push for shakeup

India's Zee said on Tuesday a push by U.S. investor Invesco for a management shakeup at the Indian media firm before its planned merger with Japan's Sony Group was not related to any legal governance or business performance issues.

Japan , India , Sankalp-phartiyal , Edmund-blair , Thomson-reuters-trust-principles , Invesco , Sony , Reuters , Japan-sony-group , Sony-group , Thomson-reuters-trust , Zee-entrtainment

U.S. Labor Department proposes counter rule to Trump-era investment measures

The U.S. Department of Labor on Wednesday proposed a rule aimed to override a pair of Trump-era measures that had barred retirement and pension plans from considering climate change and other environmental, social and governance (ESG) factors when they select investments.

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France sees no lasting damage to IMF, World Bank from data-rigging probe

French Finance Minister Bruno Le Maire on Wednesday said he did not expect an investigation of International Monetary Fund chief Kristalina Georgieva's role in alleged data-rigging at the World Bank to have a lasting impact on either institution.

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U.S. $500 million joint venture aims to curb climate change with forest investments

Bluesource, a private U.S. company that advises companies on emissions reductions, said Tuesday it has entered a $500 million joint venture with an investment firm to purchase and manage timber forests less intensively to help curb climate change.

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KKR's Bae, Nuttall succeed founders as co-CEOs

KKR & Co Inc said on Monday it has elevated its co-presidents Scott Nuttall and Joseph Bae to co-chief executive officers, succeeding the storied private equity firm's billionaire co-founders Henry Kravis and George Roberts.

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Japan's finance ministry to use foreign reserves for ESG investments

Japan's finance ministry will start using foreign reserves to buy securities that meet environmental, social and governance (ESG) criteria, it said on Friday, joining a global tide of investors focusing on such issues.

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Kenya sets up audit team for loss-making power distributor

Kenya has set up an audit and oversight team to supervise loss-making power distributor Kenya Power, the Interior Ministry said, days after the state-controlled firm was ordered to stop any ongoing power purchase agreement negotiations.

Nairobi , Nairobi-area , Kenya , Kenyan , Edmund-blair , Fred-matiangi , Uhuru-kenyatta , George-obulutsa , Elias-biryabarema , Thomson-reuters-trust-principles , Financial-reporting-centre , Assets-recovery-authority