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HONG KONG/SINGAPORE, June 1 (Reuters) - Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is placing less priority on investing given market conditions, one of the people said. Singapore-based Sea launched Sea Capital in March 2021 with initial capital of $1 billion after buying Hong Kong's Composite Capital Management, founded by former Hillhouse Capital partner David Ma who became Sea's chief investment officer. One of the people said the decision to wind down Sea Capital was prompted by "less deal activity" resulting in fewer investment opportunities. Sea Capital had made at least three investments, including in 2021 into collapsed cryptocurrency exchange FTX.

Persons: David Ma, Ma, FTX, Kane Wu, Fanny Potkin, Sumeet Chatterjee, Christopher Cushing Organizations: Capital, Hong Kong's, Capital Management, Hillhouse, Sea, U.S, Asia's, Thomson Locations: HONG KONG, SINGAPORE, Asia, Japan, Singapore, New York, Sea, India, Europe, Hong Kong

HONG KONG/SINGAPORE, June 1 (Reuters) - Southeast Asian e-commerce and gaming giant Sea Ltd (SE.N) is winding down its investment arm, two people with knowledge of the matter said, amid a cooling investment environment globally as macroeconomic and market uncertainty weigh on valuations. The arm, Sea Capital, stopped new equity investing in 2022 with leadership moving on in May, while Sea itself is placing less priority on investing given market conditions, one of the people said. Singapore-based Sea launched Sea Capital in March 2021 with initial capital of $1 billion after buying Hong Kong's Composite Capital Management, founded by former Hillhouse Capital partner David Ma who became Sea Capital's chief investment officer. One of the people said the decision to wind down Sea Capital was prompted by "less deal activity" resulting in fewer investment opportunities. Sea Capital had made at least three investments, including in 2021 into collapsed cryptocurrency exchange FTX.

MUMBAI/SINGAPORE, June 1 (Reuters) - KKR & Co (KKR.N) is moving a managing director from India to Singapore to lead the firm's Southeast Asia private equity business, two familiar with the matter sources told Reuters, bolstering its personnel in the region. Kumar will work with Ashish Shastry, a partner who heads Southeast Asia and co-heads the firm's Asia Pacific Private Equity business. The move also comes as KKR strengthens its presence in India and Southeast Asia. It raised $15 billion for its fourth Asia-Pacific focused private equity fund in 2021, one of the region's largest for the asset class. KKR has been investing in Southeast Asia since 2005, and opened its Singapore office in 2012.

Persons: Prashant Kumar, Kumar, Ashish Shastry, Vini, Gaurav Trehan, Trehan's, Akshay Tanna, Sriram, Kane Wu, Mark Potter Organizations: KKR, Co, Asia Pacific Private Equity, The Wharton School, Indian Institute of Technology, JB Chemicals, TPG Inc, TPG, Associations, Reuters, Healthcare, Thomson Locations: MUMBAI, SINGAPORE, India, Singapore, Asia, Mumbai, Southeast Asia, Pacific, Philippines

David Solomon has been Goldman Sachs' CEO for over four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. Solomon said there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." Meanwhile, Solomon's expensive foray into consumer banking raised the ire of some longtime Goldman partners, as Insider has previously reported. The fresh faces among the Goldman Sachs executives who took the stage at the bank's investor day highlight the leadership changes under Solomon.

☆ Everton survive as Leicester and Leeds are relegated on dramatic final day
▼ + stars: | 2023-05-28 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

The Merseyside club's 69-year stay in the top flight was in peril at halftime as they were drawing 0-0 and 2016 champions Leicester were ahead against West Ham United. That combination of results meant Everton were in the relegation zone but Abdoulaye Doucoure's stunning 57th minute right-foot strike from outside the area earned Everton the victory they required. The final whistle prompted a pitch invasion with smoke from blue flares drifting across the old stadium that will host top-flight football again after another Everton escape. Everton ended in 17th place on 36 points after 38 games, with Leicester in 18th on 34 and Leeds on 31. EVERTON RELIEFThe celebrations at Everton were more of relief than pride as the famous old club once again found itself battling not for silverware but to avoid relegation.

☆ City's Haaland named Premier League Player of the Season
▼ + stars: | 2023-05-27 | by ( ) www.reuters.com time to read: +1 min

May 27 (Reuters) - Erling Haaland was named the Premier League's Player of the Season on Saturday, after a record-breaking debut campaign in which he has delivered goals by the sackful as Manchester City claimed their third straight league title. The 22-year-old was also voted the league's best young player, becoming the first person to win both awards in the same season. The Norwegian was voted Player of the Season by the public, the captains of the 20 Premier League clubs and a panel of soccer experts. "I am honoured to have become the first player to win both awards in the same season," Haaland said. Haaland will have the chance to add to his Premier League tally on Sunday when City visit Brentford for their final game of the season.

☆ Liverpool top-four hopes hit despite late equaliser, Everton grab vital point
▼ + stars: | 2023-05-20 | by ( Martyn Herman | ) www.reuters.com time to read: +3 min

Liverpool had won seven games in succession to make a late run for Champions League qualification but defeat by Villa would have guaranteed that Newcastle United and Manchester United finish in the top four. Liverpool's top-four hopes looked over with Manchester United winning at Bournemouth, but Brazilian Firmino, making his Anfield farewell after eight glorious seasons, struck an equaliser in the 89th minute after coming off the bench. Even the point leaves their chances wafer thin, though, as fourth-placed Manchester United and third-placed Newcastle United have 69 points with two games left while Liverpool have 66 with only one game remaining. Casemiro's superb acrobatic volley was enough for Manchester United to win 1-0 on the south coast and one more point from their last two games will guarantee them Champions League football. Newcastle can seal their return to Europe's elite competition after a two-decade absence if they take a point against relegation-threatened Leicester on Monday.

☆ How to watch the PGA Championship: Start time, channels, and other things to know
▼ + stars: | 2023-05-18 | by ( Jack Bantock | ) edition.cnn.com time to read: +11 min

Rob Schumacher/USA Today Network Tiger Woods walks the 18th green during the second round on Saturday, April 8. David J. Phillip/AP Fred Couples waves to patrons after finishing his second round on Saturday. Patrick Smith/Getty Images Patrick Cantlay plays a shot from a bunker on the 18th hole on Saturday. Rob Schumacher/USA Today Network Adam Scott plays a bunker shot on the second hole Thursday. Rob Schumacher/USA Today Network Hideki Matsuyama, who won the tournament two years ago, looks over a putt on the second hole.

☆ UBS says it was rushed into unwanted Credit Suisse rescue merger
▼ + stars: | 2023-05-17 | by ( Kane Wu | ) www.reuters.com time to read: +3 min

The wave of deposit outflows and a major share-price drop prompted Switzerland's central bank on March 15 to offer Credit Suisse liquidity assistance. The next day, UBS and Credit Suisse signed a confidentiality agreement upon which the former began due diligence, the UBS filing showed. By then, Credit Suisse was experiencing deposit and net asset outflows at levels substantially exceeding rates of the July-September quarter, UBS said. In early December, UBS management undertook a preliminary assessment of the consequences of a Credit Suisse purchase, which it presented to the Strategy Committee on Dec. 19. From December to mid-January, Credit Suisse executives had also been discussing with the government about its options including a merger with UBS, the UBS filing showed.

☆ Earth-size exoplanet may be covered in volcanoes
▼ + stars: | 2023-05-17 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

Instead, the exoplanet, called LP 791-18 d, is likely covered in volcanoes and may experience eruptions with the same frequency as Jupiter’s moon Io, the most volcanically active place in our solar system, according to researchers. LP 791-18 d is located about 90 light-years from Earth in the Crater constellation, where it orbits a small red dwarf star. And astronomers believe the massive planet LP 971-18 c might be contributing to the newly detected exoplanet’s possible volcanism. As the two objects orbit their star, LP 971-18 c and the newfound exoplanet LP 791-18 d closely pass each other, allowing the gravitational pull of the larger planet LP 971-18 c to tug on planet d and reshape its orbit. The discovery of LP 971-18 d points to the importance of data collected by space telescopes.

☆ Kayla Unbehaun: Mother accused of abducting her daughter 6 years ago in Illinois has turned herself in, local authorities say
▼ + stars: | 2023-05-17 | by ( Jean Casarez Laura Dolan Alisha Ebrahimji | Jean Casarez | Laura Dolan | ) edition.cnn.com time to read: +3 min

Heather Unbehaun, the mother of now 15-year-old Kayla Unbehaun, is being held at the Kane County Adult Justice Center in Illinois without bond on an abduction charge, according to the jail. She bonded out Tuesday morning and was released, Asheville Police Department spokesperson Samantha Booth told CNN on Tuesday. When Iserka went to pick up his daughter the next day, he was told Unbehaun took her on a camping trip and Unbehaun and Kayla never returned, Vojta told CNN. Heather Unbehaun, the woman accused of abducting her daughter from a suburb of Illinois six years ago, is due in court on Wednesday morning. The child’s parents shared custody of her until Iserka filed for full custody after Unbehaun moved to Georgia with Kayla, according to Vojta.

☆ Earth-sized alien planet gripped by widespread volcanism
▼ + stars: | 2023-05-17 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

In our solar system, Earth and Venus are volcanically active, as are some of Jupiter's moons. Planets beyond our solar system are called exoplanets. Here, water from the nightside glacier can melt and possibly form liquid surface water. In addition, there is likely volcanism all around the planet, even under the ice on the nightside and possibly under the water near the terminator," Benneke said. The planet is located in the Milky Way about 86 light-years away from our solar system in the direction of the constellation Crater.

Sembcorp, which is 49.3% owned by Singapore's state investor Temasek Holdings, has hired HSBC (HSBA.L) to run the sale of SembWaste, according to the sources. First-round of non-binding bids are due by early June, said one of the sources, declining to be named as the matter is private. Last year, SembWaste's earnings before interest, taxes, depreciation, and amortization was S$50 million ($37.75 million), one of the sources added. Last year, Singapore's asset manager Keppel consortium bought a 80% stake in environmental services firm 800 Super Holdings for S$304 million. SembWaste is one of three public waste collectors appointed by Singapore's National Environment Agency to provide waste and recyclable collection services to residential, schools and trade premises in the city-state, according to its website.

In 2020, Bain Capital set up a previous global fund after securing $3.2 billion in commitments. The program was previously called Bain Capital Distressed and Special Situations Fund and used to sit within Bain Capital's credit business. Bain Capital's special situations strategy is now a standalone business, after being carved out with an independent team outside the umbrella of the credit unit. Globally, Bain Capital currently has $16 billion of assets under management as part of its special situations strategy. Last year, Bain Capital closed a $2 billion "special situations fund" for Asia Pacific to cover a range of asset types, which included a focus on real estate.

☆ Son Heung-min: Tottenham Hotspur and Crystal Palace condemn alleged racial abuse during Premier League game
▼ + stars: | 2023-05-07 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

CNN —Tottenham Hotspur and Crystal Palace have both condemned alleged racial abuse towards South Korean forward Son Heung-min after the teams faced each other on Saturday. We will not tolerate such behaviour in our club.”In response to an inquiry about Saturday’s game, a spokesperson for London’s Metropolitan Police told CNN that it is investigating allegations of racial abuse. Last August, Chelsea said the club had identified and banned a season ticket holder “indefinitely” after reports emerged that Son was racially abused during a Premier League game at Stamford Bridge. On Sunday, the Premier League said in a tweet that it “condemns all forms of discrimination” and that “no one should have to suffer abuse of the kind received by Heung-Min Son.”Tottenham defeated Crystal Palace 1-0 to move up to sixth in the Premier League table thanks to Harry Kane’s header at the end of the first half. That took Kane to 209 Premier League goals as he moved to second in the league’s all-time scoring list ahead of Wayne Rooney.

☆ Kane an inspiration for Spurs' squad, says Mason
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +1 min

Kane headed home in first-half injury time to score his 209th Premier League goal, one more than Wayne Rooney but still some way behind record-holder Alan Shearer's tally of 260. "Naturally we'll all talk about Harry's goals and Harry when he plays games of football he will continue to score goals. We know that," Mason told reporters after Spurs' victory snapped a four-game winless run on Saturday. "But also that elite mindset, that example that he sets every day in and around the place, it's great to be around. When you've got your captain, your leader, your goalscorer, probably one of our best players setting that example, that's what I want."

☆ Man City climb four points clear of Arsenal in title race
▼ + stars: | 2023-05-06 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

City's victory, coupled with an Arsenal loss on Sunday to Newcastle United, would all but clinch the Premier League title for the treble-chasers who stretched their winning league run to 10 games. Liverpool notched up a sixth straight Premier League win to maintain their pursuit of a top-four spot. KANE HEADERKane headed Tottenham in front in first-half injury time to move up to second place in the all-time Premier League goalscorers list. The win vaulted Spurs to sixth in the table with 57 points from 35 games, six points behind fourth-placed United, who have played two games fewer. Wolves climbed 10 points clear of the relegation zone with 40 points, while Villa remained in eighth after their second consecutive loss.

☆ Henry hopes NZ can avoid whitewash v World No. 1 Pakistan
▼ + stars: | 2023-05-06 | by ( ) www.reuters.com time to read: +2 min

KARACHI, Pakistan, May 6 (Reuters) - Bowler Matt Henry is hopeful New Zealand can avoid a series whitewash in Pakistan by producing an improved display in Sunday's fifth and final one-day international against the world number one side. The team under Tom Latham managed to draw the preceding T20 series 2-2 but Pakistan have taken an unassailable 4-0 lead in the one-day series. "It's a shame we really haven't had the success that we wanted to ... " Henry told reporters after the loss. Henry had no hesitations admitting Pakistan had outplayed his team in home conditions. "Obviously it's frustrating to be four-nil but sometimes you've got to give kudos to the way that Pakistan have been playing their cricket.

☆ Analysis: Icahn's mark-up of meat packager extraordinary but possible, experts say
▼ + stars: | 2023-05-05 | by ( Koh Gui Qing | ) www.reuters.com time to read: +4 min

Hindenburg said Icahn Enterprises LP (IEP) (IEP.O) valued a meat packing company in which it owns a 90% stake three times over its market value. IEP cited "the lack of material trading volume" in Viskase's stock as grounds for the valuation mark-up in the filing. Viskase's shares are traded in the over-the-counter market rather than a major exchange such as Nasdaq or the New York Stock Exchange. On Thursday, IEP said after the stock market closed that it would preserve its dividend at $2 per unit for the first quarter. IEP's stock rose 10% in afterhours trading on the announcement.

☆ Macquarie commodities and markets boss earns $39 million, trumping CEO
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, May 5 (Reuters) - Macquarie Group's (MQG.AX) commodities and global markets (CGM) division head earned about A$57.6 million ($39 million) for the year ending March 31, topping the CEO's A$32.8 million compensation, according to the Australian bank's annual report. Nick O'Kane's 59% pay bump - he earned A$36.2 million in the last financial year - came after CGM contributed 57% of the Sydney-based firm's net profit, more than double the second-best asset management division. Macquarie posted another record annual profit on Friday, primarily driven by a strong performance from the CGM division, as more customers hedged against volatile energy markets. "Inventory management and trading increased substantially, driven by trading income from regional supply and demand imbalances primarily in North American gas and power markets." ($1 = 1.4901 Australian dollars)Reporting by Praveen Menon; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Exclusive: Bain Capital nearing final close of Asia fund worth $6 billion - sources
▼ + stars: | 2023-05-05 | by ( Kane Wu | ) www.reuters.com time to read: +3 min

The committed capital to the fund has exceeded the firm's initial target of $5 billion, said one of the two people and a third source with knowledge of the fundraising. Bain Capital declined to comment. About $131.6 billion in total was raised in 2022 for Asia-focused funds, about half of 2021's $251.2 billion, Preqin data showed. Fundraising so far this year has totalled just $15.5 billion, the data showed. Last year, Bain Capital closed a $2 billion "special situations fund" for Asia Pacific to cover a range of asset types but with a focus on real estate.

☆ Novo Nordisk rivals see room to compete in $100 billion weight-loss drug market
▼ + stars: | 2023-05-04 | by ( Michael Erman | ) www.reuters.com time to read: +6 min

The company has two oral GLP-1 drugs in mid-stage trials, and aims to choose one for a late-stage trial this year. He forecasts GLP-1s or similar drugs topping $100 billion in annual sales early in the 2030s, with Lilly's product accounting for more than $50 billion in sales. Smaller biotechs are also vying for a piece of the obesity market and hope large pharmaceutical companies will pay up for partnerships. "I don't know if it's $90 billion or $80 billion or $50 billion. The current GLP-1 drugs can cause nausea and vomiting.

LOS ANGELES, May 3 (Reuters) - Hollywood writers have for decades penned sci-fi scripts featuring machines taking over the world. The Writers Guild of America is seeking to restrict the use of artificial intelligence in writing film and television scripts. A spokesperson for the Alliance of Motion Picture and Television Producers, which is negotiating the contract on behalf of the studios, did not comment. The dispute over AI is one of several issues that led Hollywood’s film and TV writers to strike Monday, marking the first work stoppage in 15 years. Screenwriter John August, a member of the WGA negotiating committee, said writers have two concerns regarding AI.

☆ Rizwan unhappy with number five slot in Pakistan order
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

KARACHI, Pakistan, May 2 (Reuters) - Pakistan's Mohammad Rizwan said he is not happy with being pushed down the order to number five for the first two One-Day Internationals against New Zealand and the wicketkeeper-batsman wants to move back up a slot. While Rizwan has excelled in the finisher's role at five, helping his team win both games, he said he did not want to stay there. "If you ask me honestly, I am not happy batting at number five (in ODIs), because I want to bat at number four," he told a news conference on Monday. Rawalpindi hosted the first two ODIs but the series now switches to Karachi for the remaining three. The tourists also trailed the preceding Twenty20 series 2-0 before fighting back for a 2-2 draw and Rizwan said Pakistan must not get complacent.

☆ Windfall tax seizure case in Michigan deepens appellate split on class standing issue
▼ + stars: | 2023-05-02 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +6 min

The county auctioned Fox's property for about $25,000 — and kept the $22,000 difference between the sale price and Fox's tax obligation. But Fox’s class action did not name only Gratiot County as a defendant. Circuit Court disagreed. The 6th Circuit in the Fox case agreed with the 2nd Circuit's holding that trial courts must consider constitutional standing issues ahead of class certification. The Michigan counties that challenged class certification were represented at the 6th Circuit by Douglas Curlew of Cummings, McClorey, Davis & Acho.

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