Category: business
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Stonepeak to Launch $195 Million Infrastructure-Backed Debt Security on ASX
Key Highlights: SYDNEY, Nov 5 (Reuters) – U.S.-based investment firm Stonepeak announced plans to debut a redeemable, infrastructure-backed debt security on the Australian Securities Exchange (ASX) after securing more than A$300 million ($194.94 million) in cornerstone commitments. The Stonepeak-Plus INFRA1 Note will offer monthly interest payments tied to the one-month Bank Bill Swap (BBSW) benchmark
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Global Private Equity Funds Eye China as Investors Shift Away from U.S. Markets
Key Highlights: HONG KONG, Nov 5 – Global private equity funds are increasingly returning to China after years of limited activity, driven by lower valuations and a strategic shift away from U.S. assets, according to top fund executives. “Non-U.S. investors feel overallocated to dollar-denominated assets,” Jean Eric Salata, Chairman of EQT Asia, said at the
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RBL Bank Confirms Emirates NBD’s Open Offer Launch on December 12
India’s RBL Bank (RATB.NS) announced on Wednesday that Emirates NBD (ENBD.DU) will begin its open offer to public shareholders on December 12, with the tendering period set to close on December 26, according to a regulatory filing. The move follows Emirates NBD’s plan, unveiled last month, to acquire a 60% stake in RBL Bank for
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Motherson Sumi Wiring India’s Quarterly Profit Rises on Festive Boost and Plant Expansion
Motherson Sumi Wiring India (MSWI.NS) reported a solid increase in its second-quarter profit on Wednesday, helped by stronger festive-season demand and higher output from one of its new manufacturing facilities. The company, a key supplier of wiring harnesses to automakers such as Maruti Suzuki and Tata Motors, said its profit rose about 9% to 1.65
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Gold Surges Over 1% as Investors Turn Cautious and the Dollar Eases
Gold prices climbed more than 1% on Wednesday as investors sought safety amid growing market unease and a slight pullback in the U.S. dollar. By 08:45 GMT, spot gold had risen 1.3% to $3,981.27 per ounce, while U.S. gold futures for December delivery advanced 0.8% to $3,991.90. According to Carsten Menke, analyst at Julius Baer,
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Record Amount of Oil Stored at Sea Due to Western Sanctions, Says Gunvor CEO
ABU DHABI — Western sanctions targeting Russia and Iran have led to an unprecedented amount of oil being stored on ships, effectively preventing a global oversupply, according to Gunvor Group CEO Torbjorn Tornqvist. Speaking at the ADIPEC energy conference in Abu Dhabi on Wednesday, Tornqvist explained that restrictions imposed by the European Union, the United
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No Buyback Clause Included in Potential Lukoil-Gunvor Deal, Says CEO
At the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Gunvor Group CEO Torbjorn Tornqvist confirmed that a potential agreement for purchasing the overseas assets of Russia’s Lukoil will not feature a buyback clause. Following the U.S. sanctions imposed on Lukoil last month, the Russian oil giant accepted an offer from Gunvor to acquire its
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TotalEnergies Signs 10-Year Renewable Power Deal with Data Centre Operator Data4
PARIS — French energy giant TotalEnergies has signed a 10-year agreement to supply renewable electricity to Data4, a European data centre operator, for its facilities in Spain, the company announced on Tuesday. Starting in January 2026, TotalEnergies will deliver 610 gigawatt-hours (GWh) of clean power annually from a portfolio of new wind and solar farms
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Marks & Spencer’s First-Half Profit Plunges 55% After Cyberattack Disruption
LONDON — British retailer Marks & Spencer (M&S) (MKS.L) reported a sharp 55.4% drop in first-half profit, as the fallout from a major cyberattack in April disrupted its operations and forced the suspension of online clothing sales for several weeks. The company, one of the most recognized names on the UK high street, said the
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Google’s $32 Billion Acquisition of Wiz Clears U.S. DOJ Antitrust Review
BENGALURU — Cybersecurity firm Wiz has received clearance from the U.S. Department of Justice (DOJ) in its ongoing antitrust review of Google-parent Alphabet’s (GOOGL.O) planned $32 billion acquisition, according to Wiz CEO Assaf Rappaport, who spoke at a Wall Street Journal event on Tuesday. The approval marks a significant step forward for the deal, which—once
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