Wealth

A joint venture between Blackstone Inc.’s real estate business, MW Group and DivcoWest struck a deal to purchase a Hawaiian commercial property owner Alexander & Baldwin Inc. in a $1.5 billion all-cash deal.

Abu Dhabi’s Mubadala Investment Co. is in talks to take over struggling Brazilian finance-technology company Will Holding Financeira SA in a deal that would involve help from Brazilian deposit-guarantee fund FGC and payments company Mastercard Inc., according to people familiar with the matter.

Despite ongoing outflows and messy politics, the UK’s headline index had a good year. 

Berkshire Hathaway Inc. announced a handful of leadership changes including the retirement of its longtime chief financial officer, as the $1 trillion conglomerate prepares for the retirement of Warren Buffett.

First Abu Dhabi Bank PJSC is partnering with Amundi SA to expand investment offerings for clients in the Middle East, a region fast becoming a magnet for global wealth managers.

I’ve been a retirement economist for my entire adult life, and yet I am continually amazed at how America continues to get retirement saving so wrong. Now, finally, the world’s largest issuer of mutual funds is showing signs that it recognizes a major flaw in the system.

Saudi Arabia has taken further steps to relax rules around the sale of alcohol by allowing non-Muslim foreign residents with monthly earnings of 50,000 riyals ($13,300) or more to make purchases, according to people familiar with the matter.

In late 2023, Zhang Jianzhong faced one of the darkest hours of his career. His Chinese startup, Moore Threads Technology Co., was forced to cut jobs after the US government added the chipmaker to its trading blacklist.