Carlyle Bets on China's Middle Class in Hotel Deal

Carlyle Group acquired a controlling stake of 49% in China's Mandarin Hotel Holdings to tap the country's mid-tier hotel market
BOJ Doesn't Need to Ease Policy Further, Smith Says
18:41 - Nicholas Smith, a Tokyo-based strategist at CLSA Ltd., talks about Japan's economy, central bank policy and the yen. The Bank of Japan's main gauge of inflation slowed to zero, as cheaper oil prices counter Governor Haruhiko Kuroda's effort to reflate the economy. Smith speaks with Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg)
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