In a significant development, Barclays is facing an estimated $592 million (450 million pound) loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some of which have surged in popularity following the Russian invasion of… Read More ›
In a statement Meta Platforms Inc said, it had closed its acquisition of U.S. customer service startup Kustomer, after gaining antitrust approval from the European Commission last month. The acquisition was announced in November 2020 but got delayed due to regulatory… Read More ›
Microsoft Corp has agreed to acquire Activision Blizzard in a $68.7 billion deal marking the biggest ever acquisition in the gaming industry’s history to date underscoring the tech giant’s interest in increasing its footprint in the virtual gaming industry. The deal,… Read More ›
On Monday, Sydney Airport Holdings Pty Ltd said it has rejected an improved bid worth $16.81 billion (A$22.80 billion) from a group of infrastructure investors since it felt it was undervalued; it went on to add, it was open to… Read More ›
On Monday, Australian casino operator Crown Resorts Ltd said it is not interested in U.S. private equity giant Blackstone Group Inc’s buyout offer since it undervalued its assets and the potential deal would not be in the best interest of… Read More ›
According to a Democratic commissioner, the Commodity Futures Trading Commission (CFTC), should reverse its loosening of oversight of family offices. His comments come in the wake of the blowup of Archegos Capital. The downfall of the family office run by… Read More ›
On Monday, Australia’s QBE Insurance Group stated, climate change is likely to make a group of insurance premiums unaffordable for customers who are exposed to extreme weather events. As a result, there is “material risk” for its operations across the… Read More ›
With oil traders seeking to match profits they make from trading oil from climate friendly projects, they are pouring hundreds of millions of dollars into such projects which include wind farms, blue hydrogen and cow manure plants. As a result… Read More ›
Google Inc’s Chief Executive Sundar Pichai is set to replace Larry Page as Alphabet Inc’s CEO. Page and Sergey Brin will continue to distance themselves from playing an active role in the management of the company they co-founded 21 years… Read More ›
On Tuesday, as per a statement from Australia’s corporate regulator, the life insurance arm of Commonwealth Bank of Australia has pleaded guilty to 87 counts of breaching a law banning sales staff from making unsolicited calls to sell financial products…. Read More ›
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