TPG Withdraws $712M Billabong Offer as Talks End
TPG International LLC, the buyout fund run by David Bonderman, pulled out of a A$694 million ($712 million) bid for surfwear maker Billabong International Ltd.
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The Challenges Facing Japan as Consumer Prices Drop
27:06 - Japan’s consumer prices fell for a seventh straight month and household spending slumped again in September, underscoring the challenges Prime Minister Shinzo Abe and Bank of Japan Governor Haruhiko Kuroda face in trying to revive the world’s third-largest economy. The downbeat inflation and spending data came despite an increasingly tight labor market. The unemployment rate slipped to 3 percent in September, equal to the lowest since 1995. The low jobless figure hasn’t yet resulted in significant wage gains, a key element of efforts to reflate Japan’s economy. HSBC European Economist Fabio Balboni discusses with Mark Barton on "Bloomberg Surveillance."