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  • vodafone-towers-spinoff-vantage-eyes-growth,-open-to-bigger-deals-–-ceo
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    Vodafone towers spinoff Vantage eyes growth, open to bigger deals – CEO

    By Douglas Busvine and Nadine Schimroszik BERLIN (Reuters) – The telecoms infrastructure business spun out by Britain’s Vodafone (NASDAQ:VOD) is ready to join the dealmaking fray in Europe but even with its existing asset base sees a decade of promising growth ahead, its CEO told Reuters. Vantage Towers, which owns 68,000 masts across nine European… More

  • dutch-prosecutors-to-probe-ubs-ceo-over-ing-money-laundering-case
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    Dutch prosecutors to probe UBS CEO over ING money laundering case

    ZURICH (Reuters) – UBS said on Wednesday it had “full confidence” in Chief Executive Ralph Hamers’ ability to lead the Swiss wealth manager after a Dutch court ordered a probe into his role in overseeing anti-money laundering compliance at ING Group (NYSE:ING), his former employer. Hamers ran ING, the largest bank in the Netherlands, from… More

  • credit-suisse-chairman-hints-at-lower-bonus-payouts:-newspaper
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    Credit Suisse chairman hints at lower bonus payouts: newspaper

    ZURICH (Reuters) – Credit Suisse (SIX:CSGN) will take into account the coronavirus pandemic when setting bonuses and the impact is likely to be negative, Chairman Urs Rohner told Schweiz am Wochenende in an interview published on Saturday. “The pandemic is certainly a factor that will be taken into account when determining the variable compensation,” Rohner… More

  • unicredit-shares-sink-at-open-after-ceo-says-to-step-down
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    UniCredit shares sink at open after CEO says to step down

    MILAN (Reuters) – Shares in Italy’s UniCredit fell as much as 8% in early trade on Tuesday after Chief Executive Jean Pierre Mustier said he would leave at the end of his term in April due to divergences with the board over strategy. UniCredit announced late on Monday Chairman elect Pier Carlo Padoan and the… More

  • exclusive:-alibaba,-tencent-put-talks-to-buy-iqiyi-stake-on-hold-due-to-price,-regulatory-concerns:-sources
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    Exclusive: Alibaba, Tencent put talks to buy iQIYI stake on hold due to price, regulatory concerns: sources

    By Julie Zhu, Yingzhi Yang, Zhang Yan and Yilei Sun HONG KONG/BEIJING (Reuters) – Alibaba (NYSE:BABA) Group Holding Ltd and Tencent Holdings (OTC:TCEHY) Ltd have each held separate talks with Baidu Inc (NASDAQ:BIDU) to acquire a controlling stake in video streaming service iQIYI Inc, people with knowledge of the matter told Reuters. But the discussions… More

  • blackstone-seeks-$5-billion-for-second-asia-buyout-fund:-bloomberg-news
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    Blackstone seeks $5 billion for second Asia buyout fund: Bloomberg News

    (Reuters) – Blackstone Group (NYSE:BX) Inc is seeking to raise at least $5 billion for its second private equity fund focused on Asia, Bloomberg News reported on Sunday, citing people familiar with the matter. With this new vehicle, Blackstone plans to more than double the size of its first Asia buyout fund, Bloomberg reported (https://www.bloomberg.com/news/articles/2020-11-22/blackstone-said-to-seek-at-least-5-billion-for-second-asia-fund?sref=SCAzRb9t).… More

  • founders-of-brazil’s-linx-allowed-to-vote-on-stoneco’s-offer
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    Founders of Brazil’s Linx allowed to vote on StoneCo’s offer

    SAO PAULO (Reuters) – Brazilian securities regulator CVM’s board of commissioners decided on Friday that the founders of software firm Linx SA (SA:LINX3) will be allowed to vote at a Nov. 17 shareholder meeting that will decide on a takeover bid by card processor StoneCo Ltd (O:STNE). The board’s move reversed an October decision by… More

  • apple-launches-macbook-laptops-powered-by-its-own-computing-chips
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    Apple launches MacBook laptops powered by its own computing chips

    By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Inc (O:AAPL) on Tuesday introduced a MacBook Air notebook and other machines with its first central processor designed in-house for Macs, a move that will tie its computers and iPhones closer together technologically. The new chip, called the M1, marks a shift away from Intel Corp (O:INTC)… More

  • ant-group’s-halted-ipo-shocks-investors,-teaches-hard-lesson
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    Ant Group’s Halted IPO Shocks Investors, Teaches Hard Lesson

    By Gina Lee Investing.com – Investors are still reeling from the shock of Ant Group Co. halting its dual listing in Shanghai and Hong Kong on Tuesday, two days before shares were set to trade in the $35 billion listing, the world’s largest to date. Alibaba (NYSE:BABA) Group Holding (HK:9988), Ant Group’s parent company, saw… More

  • watchdogs-hold-talks-with-ant-as-china-releases-draft-online-lending-rules
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    Watchdogs hold talks with Ant as China releases draft online lending rules

    BEIJING/SHANGHAI (Reuters) – China’s central bank and three financial regulators held talks with Ant Group Co Ltd’s top executives and its founder Jack Ma on Monday as Beijing published new draft rules for online micro-lending. The meeting comes after Ma questioned whether international financial regulations are suitable for the Chinese economy at a summit held… More

  • amazon-drops-french-black-friday-ad-campaign-as-lockdown-starts

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    Amazon drops French Black Friday ad campaign as lockdown starts

    PARIS (Reuters) – Amazon is withdrawing advertising for pre-Black Friday discounts in France, after the government said the campaign was unfair to small shops at time when a coronavirus lockdown has forced them to close. France entered its second national lockdown on Friday to try to contain a surge in infections. The curbs imposed under… More

  • japan-picks-mitsubishi-heavy-to-lead-development-of-new-stealth-jet-fighter
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    Japan picks Mitsubishi Heavy to lead development of new stealth jet fighter

    (Reuters) – Japan on Friday said it had picked Mitsubishi Heavy Industries (T:7011) (MHI) to lead the development of a new stealth fighter jet that Japan wants operational the mid-2030s to counter advanced Chinese aircraft. “We awarded the prime contract to Mitsubishi Heavy,” a ministry of defence spokesman said. The fighter jet project, which is… More

  • insurance-firm-equitable-inks-$12-billion-reinsurance-deal-with-venerable
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    Insurance firm Equitable inks $12 billion reinsurance deal with Venerable

    (Reuters) – Equitable Holdings Inc (N:EQH) said on Tuesday it has entered into an agreement with Venerable Holdings Inc to reinsure about $12 billion in annuities, which will help the insurance firm to return capital to its shareholders. Venerable, a privately held company, will reinsure legacy variable annuity policies sold between 2006 and 2008 under… More

  • samsung-affiliates’-shares-rise-after-lee’s-death-sparks-hopes-of-shake-up
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    Samsung affiliates’ shares rise after Lee’s death sparks hopes of shake-up

    By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) – Shares in Samsung Electronics (OTC:SSNLF) Co Ltd and affiliates rose on Monday after the death a day earlier of Chairman Lee Kun-hee sparked hopes for restructuring and stake sales, analysts said. Investors were betting that such measures would be needed to pay a hefty inheritance tax,… More

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