Tag: FINE

$ 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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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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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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EU Postpones Call With Orban Over Oil Sanctions

(Bloomberg) – A video call between the European Union and Prime Minister Viktor Orban to discuss proposed sanctions on Russian oil imports that Hungary is resisting was postponed, while the Hungarian leader spoke with French President Emmanuel Macron on energy issues. The EU approved the release of 600 million euros ($ 634 million) in aid…

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Foreign Investors Shun India’s Biggest IPO Over Market Risks

The muted international investor interest stands in sharp contrast to some of last year’s Indian IPOs. One97 Communications Ltd., which operates digital payments firm Paytm, drew in the likes of BlackRock Inc., Canada Pension Plan Investment Board and Teacher Retirement System of Texas, among many others, for its 183 billion rupee share sale last year.…

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Trading Russian Oil Will Become Harder From Mid-May, Vitol Says

Russia’s exports of crude and oil products have probably dropped by around 1 million barrels a day from 7.5 million before the attack in late February, Mike Muller, head of Asia at Vitol Group, said Sunday on a podcast produced by Dubai-based Gulf Intelligence. They could fall further after May 15, he said. .

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