May 2 Reuters South Africa39;s Gold Fields said on Tuesday it was setting up a joint venture with Osisko Mining to develop the Windfall gold mining project in Canada. The investment gives Gold Fields an entry point into the Canadian mining sector, which it has coveted for years. Gold Fields said it would pay an initial C300 […]

NEW YORK, May 1 Reuters Blackstone Inc on Monday said it had again limited withdrawals from its 70 billion real estate income trust in April as investor redemption requests continued to pile up. Blackstone said BREIT had received 4.5 billion worth of withdrawal requests in April, but the fund fulfilled only 1.3 billion or 29 of […]

TOKYO, May 1 Reuters Sony Group Corp39;s shares fell as much as 4.8 on Monday after the Japanese electronics and entertainment conglomerate39;s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units. For the […]

FRANKFURT, April 28 Reuters Deutsche Bank said on Friday it is investigating the purchase of the bank39;s own bonds by a senior executive just days before the lender reported earnings, a move that appeared to flout the bank39;s own rules designed to prevent insider trading. A filing earlier this week showed that Michael Ilgner, head of […]

DUBAI, May 1 Reuters BitOasis, a Middle Eastfocused crypto exchange based in the United Arab Emirates, has received the first brokerdealer minimum viable product operational license from Dubai39;s crypto regulator, the company said on Monday. Dubai39;s Virtual Asset Regulatory Authority VARA was formed in March 2022 to regulate the emerging virtual asset sector in the […]

May 1 Reuters United States regulators said on Monday First Republic Bank has been seized and a deal agreed to sell the bank to JPMorgan Chase Co, in what is the third major U.S. institution to fail in two months. The banking giant will take 173 billion of loans and about 30 billion of securities of […]

SYDNEY, April 29 Reuters BP has agreed to buy rival giant Shell39;s 27 stake in the Browse joint venture, expanding its holding in Australia39;s largest untapped gas resource in a move that could improve the development prospects for the longstalled project. The Browse project, estimated to cost 20.5 billion, has been stuck on the drawing board for […]

Acquisition price at 22 premium to Iveric39;s last close Iveric developing macular degeneration treatment Astellas shares rise 2.2 May 1 Reuters Japan39;s Astellas Pharma said on Monday it agreed to buy U.S. drugmaker Iveric Bio Inc for about 5.9 billion in its biggest acquisition, giving it access to a range of ophthalmology treatments. The deal marks […]

BENGALURU, May 1 Reuters U.S. private equity firm KKR Co Inc will invest an additional 250 million in Serentica Renewables, the Indian decarbonisation platform said on Monday. This latest investment will support the company39;s effort to achieve 4000MW of installed renewable energy capacity that will aid clean energy delivery to largescale industrial customers, Serentica Renewables said […]

TOKYO, April 28 Reuters Sony Group Corp on Friday said PlayStation 5 sales will jump by six million units this business year, but forecast its profit will slip from a record high as weaker financial services sales offsets gains from gaming, music and movies. The Japanese company said it expects operating profit in the year to […]