Dubai’s TVM Capital refocuses fund in wake of Abraaj

Dubai-based private equity firm TVM Capital Healthcare hopes to close a $250 million (Dh918.1 million) global fund next year after the collapse of Abraaj, one of the Middle East’s biggest buyout firms, hurt investor confidence in the region. Fund-raising, which started last December, has been delayed by about a year and the fund will target […]

Stocks under a cloud as US political tumult adds to growth anxiety

Tokyo: Global stock markets headed into the year-end under a heavy cloud after another rout this week as US political uncertainty added to heightened concerns over slowing global economic growth. Asian equities were shaky on Wednesday following a Christmas eve Wall Street plunge, as investors were unnerved by US political developments including a US federal […]