Tag: COS

Asia’s Two Richest Men Reap Windfall From Surging Oil, Coal

Though Adani, 59, and Ambani, 65, have unveiled a combined $ 142 billion in green investments over the next few decades in a pivot away from coal and oil – the bedrock of their empires – they are also finding it hard to kick the fossil-fuel habit as the conflict stokes demand. Global coal demand…

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$ 922 Million Divorce Sale Makes Macklowe Art Collection Most Valuable Ever

(Bloomberg) – A multi-year saga came to a close on Monday night at Sotheby’s New York, where the final tranche of artworks from the divorced octogenarians Harry and Linda Macklowe brought in $ 246.1 million. Together with the $ 676 million auction of the first batch of their collection last November, the former spouses’ 65…

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Holcim Sells India Arm to Billionaire Adani in $ 10 Billion Deal

The Swiss company will sell its 63.1% stake in Mumbai-listed Ambuja Cements Ltd. to Adani Group in a deal valuing the business at nearly $ 10 billion, according to a statement Sunday. Adani will inherit Ambuja’s controlling stake in another publicly traded cement producer, ACC Ltd., and buy Holcim’s direct 4.5% holding in the unit,…

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Terra’s $ 45 Billion Face Plant Creates a Crowd of Crypto Losers

(Bloomberg) – This week’s undoing of the TerraUSD algorithmic stablecoin and its sister token Luna has ramifications for all of crypto. First, there’s the immediate impact: The rapid collapse of a once-popular pair of cryptocurrencies sent a ripple effect across the industry, contributing to plummeting coin prices that wiped hundreds of billions of market value…

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UAE’s Etisalat Pays $ 4.4 Billion for Nearly 10% of Vodafone

Etisalat offered about £ 130 ($ 159 dollars) a share, according to Bloomberg calculations. That’s a premium of about 10% to Vodafone’s £ 117.82 closing price Friday. The purchase makes Etisalat Vodafone’s largest shareholder, ahead of BlackRock Inc., the Vanguard Group Inc., and HSBC Holdings Plc, according to Bloomberg data. .

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Boots Suitors Get More Time to Bid for £ 7 Billion Pharmacy Chain

The company plans to allow suitors a few extra days to firm up their bids, the people said, asking not to be identified because the information is private. Walgreens had initially requested binding offers by May 16 for the business, which includes the Boots chain in the UK, but is now expected to receive proposals…

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