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 State Bank of India (SBI), the country’s largest lender, aims to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees ($2.2 billion) currently in smaller rival Yes Bank (YESB.NS), opens new tab, four sources […]

Investment bank Evercore (EVR.N), opens new tab has hired a top Goldman Sachs (GS.N), opens new tab dealmaker as a senior managing director to help drive its coverage of private equity firms and alternative asset managers, people familiar with the matter said on Friday. […]

India’s Bharti Enterprises said it would acquire a 24.5% stake in BT (BT.L), opens new tab, paying around 3.2 billion pounds ($4 billion) to buy out the British company’s top investor, Patrick Drahi, as his Altice group struggles with high debts. […]

Two cash-strapped mainland Chinese developers have secured a private loan to refinance a US$1 billion facility using a luxury property in Hong Kong as collateral, according to people familiar with the matter. Logan Group and KWG Group Holdings signed the […]

Japanese technology investor SoftBank Group (9984.T), opens new tab said on Wednesday it plans to buy back a hefty $3.4 billion of its shares, an action called for by shareholders including Elliott Management to bolster its stock price. The logic for Masayoshi […]

Harvest Fund Management, one of China’s largest asset managers, said on Friday Chairman Zhao Xuejun had resigned and is cooperating with authorities regarding an investigation pertaining to “personal problems”, without elaborating. Co-chairman An Guoyong will serve as acting chairman. The […]

Gold has come to stay as a major commodity amid its rising significance as a safe haven asset with prices skyrocketing globally, climbing to US$2,468.40 per troy ounce in June 2024. According to the World Gold Council (WGC), the volume of gold […]

 Russia’s dominant lender Sberbank (SBER.MM), opens new tab on Thursday reported second-quarter profit of 418.7 billion roubles ($4.88 billion), up 10.1% from the same period last year, boosted by a growing loan portfolio. The state-controlled bank made a record 1.5 trillion rouble […]

Exxon Mobil (XOM.N), opens new tab on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising oil prices and volume gains from its purchase this year of shale oil firm Pioneer Natural Resources. Exxon delivered a $2.14 per share profit that beat […]

Shares of Germany’s Commerzbank (CBKG.DE), opens new tab fell as much as 6% on Wednesday after it reported larger than expected loan loss provisions in the second quarter. The stock price drop came despite the bank announcing plans for a 600 million […]