Blackstone Sells Hotels; Trump Blames Sanders: Saturday Wrap

  • China governor dismisses stimulus need as data says otherwise
  • Brazil party to decide in month whether to abandon Rousseff

Here are highlights of the top breaking-news stories from around the world on Saturday:

Republican presidential front-runner Donald Trump blamed Democratic candidate Bernie Sanders and the liberal group for organizing the protests that turned into a melee at a scheduled Trump campaign event in Chicago Friday night. Sanders retorted that Trump is a “pathological liar,” and said his campaign had nothing to do with it. Republican contenders Marco Rubio and John Kasich are now wavering on pledges to support the Republican nominee no matter who it is.

Meanwhile, a protester tried to jump a fence directly behind Trump during a rally in Dayton, Ohio, causing security to spring into action.

Blackstone Group is selling Strategic Hotels & Resorts, three months after it acquired the luxury hotel owner, to China’s Anbang Insurance, owner of the Waldorf Astoria, for $6.5 billion. Blackstone made a $450 million profit. Properties in the Strategic portfolio include San Diego’s Hotel Del Coronado and Manhattan’s JW Marriott Essex House.

People’s Bank of China Governor Zhou Xiaochuan said major stimulus isn’t needed to support growth, even as China’s statistics bureau released data showing slowing growth in industrial production and retail sales and a sharp drop in new credit.

China’s new stock regulator vowed to step in “decisively” if needed to stem the sort of stock-market panic that resulted in a $5 trillion wipeout last summer, adding that it was far too early to think about the state rescue fund leaving the market.

China will combine more of its biggest state-owned enterprises as part of a sweeping plan to cut overcapacity, but vowed that the move wouldn’t mean widespread job cuts.

The biggest party in embattled Brazilian President Dilma Rousseff’s coalition will decide within a month whether it will remain in her government. If it pulls out, the chances of Rousseff being impeached grow tremendously.

Prime Minister Narendra Modi said India won’t resort to currency devaluations to achieve growth.

And the Italian carmaker Maserati, in a situation reminiscent of the Toyota unintended-acceleration cases several years ago, is recalling sedans made over a three-year period because the driver-side floor mats can dislodge and get stuck in the gas pedal. The recalled models can attain top speeds of 163 miles (262 kilometers) and 177 miles per hour, respectively.

Before it's here, it's on the Bloomberg Terminal.