Asia Shares Poised to Open Lower on China Concerns: Markets Wrap bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Asian stocks traded mixed Tuesday as China’s sluggish economic recovery triggered growth forecast cuts and a warning from US Treasury Secretary Janet Yellen that it could cause ripple effects across the global economy.Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Pulls the Plug on Ukraine Grain Export DealRussia Derails D
Wall Street saw a renewed flight to safety, with bonds climbing and equities dropping after weaker-than-estimated economic data revived fears that a recession could be in store.
Francisco Partners, TPG Agree to Buy Dell’s Boomi for $4 Billion The deal follows last year s RSA spinoff and last month s decision to spin off Dell s stake in VMware.
Bloomberg | May 03, 2021
Shiyin Chen and Bloomberg Automation (Bloomberg) Dell Technologies Inc. has agreed to selling its Boomi cloud business to private-equity firms Francisco Partners and TPG in a cash deal valued at $4 billion, as part of efforts by Chief Executive Officer Michael Dell to trim down the personal computer maker.
The deal is expected to close by the end of this year, the companies said in a statement Sunday without providing additional details of the terms. Dow Jones had earlier reported the companies were near a deal.