Trump’s Hush Money Trial Has Officially Begun. Here’s What’s At Stake
Jury selection began Monday in the first of former President Donald Trump’s criminal cases to go to trial, a case legal experts say is the weakest and most political but could nevertheless…
Abertis to bid for Chicago Skyway stake, newspaper says
MADRID – Spain’s Abertis plans to bid for a 66.6% stake in Chicago Skyway, a U.S. toll highway operator, held by Canadian pension funds OMERS and the Canada Pension Plan (CPP) Investment…
Explainer-What’s at stake with Indonesia’s controversial jobs creation law?
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA – Indonesia’s parliament is set to revisit a contentious Job Creation law to comply with a court order to fix procedural flaws during its 2020…
Brazil bank Itau sells stake in broker XP for $154 million -report
(Reuters) – Brazilian lender Itau Unibanco Holding SA on Tuesday sold some of its roughly 11% stake in New York-listed broker XP Inc for about $154 million, Brazil Journal reported without stating…
Shopify shareholders give CEO 40% voting stake – source
(Reuters) – Shareholders of Shopify Inc on Tuesday voted in favor of protecting Chief Executive Officer Tobias Lutke’s 40% voting stake, a source told Reuters, citing preliminary results from the e-commerce firm’s…
Exclusive-German bank KfW considers buying stake in TransnetBW power grid – sources
By Christoph Steitz and Markus Wacket FRANKFURT/BERLIN – German state-owned bank KfW is considering taking a stake in TransnetBW, the high-voltage power transmission network that EnBW is looking to open up to…
Southeast Asian car marketplace Carro takes 50% stake in Indonesian rental firm
SINGAPORE – Singapore-headquartered Carro, a Southeast Asian online used-car marketplace, has acquired a 50% stake in the rental unit of Indonesian automotive group PT Mitra Pinasthika Mustika Tbk for nearly $54 million,…
Australia’s Woolworths offers to buy majority stake in MyDeal.com
(Reuters) – Australia’s Woolworths Group on Friday offered to buy 80% stake in online retailer MyDeal.com, as it looks to take on major internet retail giants operating in the country that includes…
Democrats warn abortion, voting rights at stake in Pennsylvania governor’s race
By James Oliphant and Jarrett Renshaw WASHINGTON – After far-right candidate Doug Mastriano won the Republican primary for Pennsylvania governor, Democrats quickly warned voters that he poses a threat to abortion access,…
Australian billionaire Cannon-Brookes settles 11.3% stake buy in AGL Energy
(Reuters) – Australian tech billionaire Mike Cannon-Brookes’ firm Grok Ventures said on Wednesday it settled a 11.28% stake purchase in AGL Energy worth A$650 million ($455.33 million) with J.P. Morgan. Cannon-Brookes, the…
Thyssenkrupp top shareholder has no plan to sell stake
DUESSELDORF – Thyssenkrupp’s top shareholder has no plans to sell its 20.93% stake in the German conglomerate, its head said. “We are a stable, reliable anchor shareholder of the company,” Ursula Gather,…
Barclays bumps up stake in Australia’s Barrenjoey Capital
(Reuters) – Britain’s Barclays Plc said on Wednesday it had nearly doubled its stake in Barrenjoey Capital Partners to help expand the Australia-based investment banking boutique’s business. The move comes as investment…
Activist Elliott increases stake in UK wealth manager Brewin Dolphin
LONDON -Elliott has pushed its stake above 5% in Brewin Dolphin, a British wealth manager which is under offer from Royal Bank of Canada, the activist investor said on Friday. Elliott’s stake…
Itau denies talks to sell stake in XP to Charles Schwab
(Reuters) – Brazilian lender Itau Unibanco Holding SA on Thursday denied it was in talks with Charles Schwab Corp to sell a stake in broker XP Inc to the U.S. discount brokerage.…
Explainer-What’s at stake in the Philippines election?
By Martin Petty (Reuters) – The Philippines holds an election on Monday for a new president, pitting incumbent Vice President Leni Robredo against Ferdinand Marcos Jr, the son of a notorious dictator…
Marubeni cuts exposure to Russia as it writes down stake in Sakhalin-1 project
TOKYO – Japanese trading house Marubeni Corp said on Friday it had cut its exposure to Russia by 12.6 billion yen ($97 million) in the year just ended, mainly by writing down…
Peloton seeks buyers for minority stake – WSJ
(Reuters) – Fitness equipment maker Peloton Interactive Inc is exploring the sale of a sizable minority stake in the company, the Wall Street Journal reported on Thursday, citing people familiar with the…
Explainer-What’s at stake in the 2022 U.S. congressional elections
By James Oliphant and Jason Lange WASHINGTON – Control of the U.S. Congress is at stake in this November’s midterm elections, along with President Joe Biden’s remaining policy agenda. Republicans stand a…
Brazil’s Itau Unibanco buys stake in XP Inc for $1.6 billion
(Reuters) – Brazilian lender Itau Unibanco said on Friday it has acquired an 11.36% stake in brokerage XP Inc for around 8 billion reais ($1.61 billion). The deal does not change XP’s…
Russian tycoon Tinkov sells stake in TCS Group to billionaire Potanin
LONDON – Russian businessman Oleg Tinkov, who last week criticized Russia’s war in Ukraine, has sold his 35% stake in the company he founded to a firm controlled by Russian billionaire Vladimir…
‘COVID Will Look Like Chump Change’: Experts Lay Out What’s At Stake If China Invades Taiwan
‘COVID Will Look Like Chump Change’: Experts Lay Out What’s At Stake If China Invades Taiwan Samantha Renck on April 27, 2022 A potential Chinese invasion of Taiwan would be devastating to…
Renault silent after media report about transfer of Avtovaz stake
PARIS – A spokesperson for French carmaker Renault declined to comment on Wednesday on a report by Russia’s Interfax saying it would transfer its majority stake in carmaker Avtovaz to a Russian…
TPG Growth acquires majority stake in proxy firm Morrow Sodali
By Krystal Hu (Reuters) – TPG Growth, the middle market-focused arm of U.S. private equity firm TPG, has bought a majority stake in proxy firm Morrow Sodali, the companies said, without detailing…
Hitachi to sell $1.6 billion Hitachi Transport stake to KKR, Nikkei says
TOKYO – Hitachi Ltd is planning to sell most of its 40% stake in Hitachi Transport System Ltd to U.S. private equity firm Kohlberg Kravis Roberts (KKR) for $1.56 billion, the Nikkei…
Fund Manager Reade Griffith buys stake in Mediaset Espana amid takeover
MADRID – Fund manager Reade Griffith bought a minority stake in Spanish broadcaster Mediaset Espana after its parent company MediaForEurope launched a public takeover offer, a filing to the Spanish stock regulator…
Brazil’s Petrobras starts binding phase for sale of MP Gulf of Mexico stake
(Reuters) – Brazil’s Petrobras on Monday started the binding phase to sell its subsidiary 20% stake in Texas-based MP Gulf of Mexico LLC, which owns offshore fields in the region. Potential buyers…
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