Financial

UAE giant eyes majority stake in Vedanta's Zambian mines in expansion drive

FILE PHOTO: Konkola Copper Mines PLC workers wait in a lift before going to work underground in Konkola, April 12, 2005. REUTERS/Stringer/File Photo

Business & Finance

Reuters exclusively reported ^[1] that the mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority stake in Vedanta Resources’ Zambian copper assets in its drive to build an African copper mining

India's Ola Cabs plans $500 mln IPO, to appoint banks soon

FILE PHOTO: Bhavish Aggarwal, CEO and co-founder of Ola, an app-based cab service provider, poses in front of an Ola cab in Mumbai March 3, 2015. REUTERS/Shailesh Andrade/File Photo

Deals

Reuters exclusively reported ^[1] that Indian ride-hailing firm Ola Cabs is planning an initial public offering (IPO) to raise $500 million at a company valuation of about $5 billion.

Market Impact

This is Ola’s second attempt at an IPO, after a 2021

UBS shuts some China private funds, will lay off staff

Business & Finance

Reuters exclusively reported ^[1] that UBS is shutting down some of its China private funds business and will lay off one-third of the staff as the Swiss bank cuts operating costs in the country.

Market Impact

Reuters exclusively reported

ECB set to order UniCredit to reduce Russia business

FILE PHOTO: A view shows the board of the European Central Bank (ECB) building, on the day of the monthly news conference following the ECB's monetary policy meeting in Frankfurt, Germany, September 14, 2023. REUTERS/Wolfgang Rattay/File Photo

Business & Finance

Reuters exclusively reported ^[1] that the European Central Bank is poised to order Italy’s UniCredit to cut back its business with Russia as the regulator exerts pressure to choke off European financial ties with Moscow.

Market Impact

Abu Dhabi's largest Islamic bank in talks to buy $1.1 bln stake in Indonesian lender

Bank tellers serve customers at Bank Syariah Indonesia in Jakarta, Indonesia, June 8, 2021. REUTERS/Willy Kurniawan

Business & Finance

Reuters exclusively reported ^[1] that Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around $1.1 billion in Indonesia’s top Islamic lender, Bank Syariah Indonesia, with an aim to tap into a

Billing software firm Zuora explores sale after takeover interest

Deals

Reuters exclusively reported ^[1] that Zuora, which makes subscription management software for businesses, is exploring options that include a sale after receiving acquisition interest from potential suitors.

Market Impact

Zuora’s shares jumped more than 19%

Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud

Business & Finance

Reuters exclusively reported ^[1] that Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in the nation’s biggest financial fraud.

Market Impact

As of the start of April, the

FEED YOUR INBOX WITH THE TRUTH

Sidebar

Magazine menu

UAE giant eyes majority stake in Vedanta's Zambian mines in expansion drive

India's Ola Cabs plans $500 mln IPO, to appoint banks soon

Market Impact

UBS shuts some China private funds, will lay off staff

Market Impact

ECB set to order UniCredit to reduce Russia business

Market Impact

Abu Dhabi's largest Islamic bank in talks to buy $1.1 bln stake in Indonesian lender

Billing software firm Zuora explores sale after takeover interest

Market Impact

Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud

Market Impact

More Articles …

FEED YOUR INBOX WITH THE TRUTH

Market Impact

Market Impact

Market Impact

Market Impact

Market Impact

More Articles …

HUNGRY FOR TRUTH? FEED THE NEED.