In a significant development, Tencent Holdings Ltd said, technology investor Prosus NV has sold 2% of its stake for $14.7 billion in what is said to be the world’s largest-ever block trade. In a regulatory filing with the Hong Kong… Read More ›
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Nissan likely to pushback on having the same chairman as Renault: FT
Given Renault’s stake in Nissan, Jean-Dominique Senard, Renault’s chairman, will be joining Nissan’s board. On Wednesday, the Financial Times reported citing sources with knowledge of the discussions at hand, Nissan Motor Co Ltd’s independent committee on governance is likely to… Read More ›
UK open to a trade deal with U.S.
Brexit allows Britain to have an independent trade policy. A framework for a trade agreement with the U.S. has already been laid. Following U.S. President Donald Trump’s statement saying U.S.-U.K trade could be potentially hit due to Britain’s trade arrangements… Read More ›
HSBC Amanah raises $120.63 million in Islamic bonds linked to U.N’s sustainable development goals
The deal marks HSBC Amanah’s efforts to integrate the religious principles of Islamic finance with the U.N’s sustainable development goals. The Malaysian Islamic banking arm of HSBC Holdings, HSBC Amanah, stated it has raised $120.63 million (500 million ringgit) worth… Read More ›
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