Chile’s Supreme Court has ordered the Bank of Chile to allow tax authorities to examine the local accounts of Uber , rejecting an appeal by the ride-sharing company, according to a judgment seen by Reuters on Tuesday.
Private equity giant KKR & Co and its partners canceled what was to be Australia’s biggest listing of the year, lender Latitude Financial, because investors would not pay a price that reflected its value, the Latitude CEO said on Wednesday.
Asian shares inched higher while sterling came off five-month highs in volatile trade on Wednesday as investors looked to whether Britain can secure a deal to avoid a disorderly exit from the European Union.
The leaders of the House of Representatives Judiciary Committee said late on Tuesday that they had begun receiving data from Facebook, Alphabet’s Google, Amazon and Apple as part of their probe into the companies’ potential breaches of antitrust law.
Dividend paying stocks like Mold-Tek Packaging Limited (NSE:MOLDTKPAC) tend to be popular with investors, and for good… …read more […]
Shares of Unizo Holdings Co Ltd jumped on Wednesday after U.S. private equity firm Blackstone Group Inc ratcheted up its pursuit of the Japanese hotel operator by launching a 5,000 yen-per-share tender offer.
The leaders of the House of Representatives Judiciary Committee said late on Tuesday that they had begun receiving data from Facebook, Alphabet’s Google, Amazon and Apple as part of their probe into the companies’ potential breaches of antitrust law. “We have received initial submissions from Alphabet, Amazon, Apple and Facebook as part of our investigation. …read more […]
(Bloomberg) — China threatened to retaliate if the U.S. Congress follows through with enacting legislation that would require an annual review of whether Hong Kong is sufficiently autonomous from Beijing to justify its special trading status.The Chinese Ministry of Foreign Affairs said in a statement on Wednesday that it would take strong measures if the bill passed. The Hong Kong Human Rights and Democracy Act is one of four measures passed by the U.S. House in unanimous voice votes Tuesday.The bill provides for sanctions against officials “responsible for undermining fundamental freedoms and autonomy in Hong Kong.” A similar bill is …read more […]
Asian shares took off on Wednesday and sterling held near six-month highs as Britain and the EU made headway on a Brexit deal ahead of a leaders’ summit though it remained unclear if London could avoid postponing its scheduled departure on Oct. 31.
Japanese hotel operator Unizo Holdings said on Wednesday it had not decided how to respond to a tender offer launched by private equity firm Blackstone Group and would consult with a special committee on how to proceed.
A 23-year-old law giving technology companies legal protection from lawsuits over user-generated content remains critical to the internet’s future, Alphabet Inc’s Google unit and social media site Reddit Inc said in testimony released on Tuesday.
(Bloomberg) — A fire at the NuStar Energy LP.’s fuel terminal in the San Francisco Bay Area spewed black smoke for miles, prompting officials to order local residents to stay indoors.The company is working to extinguish the fire at its Selby Terminal in Crocket, about 25 miles (40 kilometers) northeast of San Francisco, NuStar said in a statement. The blaze affected two tanks, holding “very low volumes of ethanol” comprising less than 1% of their capacity. Adjacent tanks are being cooled to minimize the risk of the fire spreading. All personnel are safe and accounted for, the company said.The black …read more […]
(Bloomberg) — The Facebook Inc. executive responsible for the embattled Libra cryptocurrency said he doesn’t fault companies that pulled out of the project, adding that he’s optimistic more organizations will sign on despite intense opposition from politicians who seem to fear financial innovation.“I totally respect the fact that those businesses and those leaders have a responsibility to their shareholders, employees and stakeholders,” Facebook’s David Marcus said in a Tuesday interview with Bloomberg Television. “We are going to move forward. We are going to add more members.”Facebook suffered a setback in recent days when a quarter of the membership of Libra’s …read more […]
(Bloomberg) — The U.S. brought a criminal case against one of Turkey’s largest banks for aiding a scheme to evade sanctions against Iran, a move that carries political overtones as tensions build over Turkey’s military incursions in Syria.In an indictment filed Tuesday in Manhattan federal court, prosecutors accused government-owned Halkbank of participating in a wide-ranging plot to violate prohibitions on Iran’s access to the U.S. financial system. The conspiracy involved high-ranking government officials in Iran and Turkey, the U.S. said.“Halkbank’s systemic participation in the illicit movement of billions of dollars’ worth of Iranian oil revenue was designed and executed by …read more […]
Warren Buffett’s Berkshire Hathaway Inc is seeking permission from the Federal Reserve to boost its stake in Bank of America Corp above the 10% level, according to an application document provided by the Fed on Tuesday.
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