Citigroup Inc has announced that it will close its Citibanamex consumer banking operation in Mexico, ending a 20-year retail presence in the country that was the last of the bank’s overseas consumer businesses. Citigroup’s decision to sell or spin off Citibanamex,… Read More ›
On Wednesday, British Trade Minister Anne-Marie Trevelyan arrived in India in an effort to boost economic ties between the two countries. The development marks Britain trying to sign trade deals after its departure from the European Union – the world’s… Read More ›
On Wednesday, Germany’s BGA trade association warned of massive disruption of supply chains following the rapid spread of the highly infectious Omicron variant of the coronarvirus, while saying, long-term disruption to supply chains is unlikely. A wide range of German… Read More ›
On Wednesday, Australia’s New South Wales, its most populous states, saw a significant increase in Omicron infections leading to staff shortages that have disrupted supply chains hampering its economy’s recovery. Businesses are grappling with a growing toll of workers who… Read More ›
In a year that was marked by devastating storms and cold snaps in the United States, 2021 was recorded as the second most expensive year on record for the insurance companies of the world, according to Munich Re. The firm… Read More ›
Mukesh Ambani, Asia’s richest man, has purchased a majority interest in the Mandarin Oriental in New York City for slightly over $98 million. The hotel’s parent company, a Cayman Islands-based firm controlled by the Investment Corporation of Dubai, was acquired… Read More ›
India’s Reliance Industries Ltd has agreed to purchase a controlling stake in Mandarin Oriental New York, a five-star hotel in midtown Manhattan, through the purchase of its Cayman Islands-based parent for $98 million. In a stock exchange filing on Saturday, Reliance… Read More ›
In a report Caixin said, China’s Shimao Group Holdings has put on sale all of its real estate projects, including residential and commercial properties. The development marks the Chinese property developer accelerating asset disposals following cash shortages. Shimao, which defaulted… Read More ›
In a statement Blackstone Inc said, it would invest around $3 billion in the largest private renewable energy company in North America. The deal marks Blackstone, the world’s largest manager of alternative assets boosting its sustainability credentials in Invenergy Renewables Holdings… Read More ›
According to a source familiar with the matter at hand, Reddit Inc has tapped Morgan Stanley and Goldman Sachs Group for its initial public offering. In December, Reddit had confidentially filed for an IPO aiming for a valuation of over $15 billion…. Read More ›
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