Tag: WWTOPEU

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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Oil Steadies After Four-Day Surge as US Product Markets Run Hot

Track the latest oil prices here. .

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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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