Cryptocurrency exchange FTX founder Sam Bankman-Fried ...
Cryptocurrency exchange FTX founder Sam Bankman-Fried was charged yesterday with bribing a Chinese official, the thirteenth federal charge brought against the 31-year-old since December. The one-time billionaire led FTX and sister investment firm Alameda Research until their collapse in November (see timeline).
A Russian official said the country has successfully rerouted all the oil it would have sold...
A Russian official said the country has successfully rerouted all the oil it would have sold to the West to "friendly" nations. Nikolai Shulginov, Russia's energy minister, implied that Moscow has offset the impact of sanctions aimed at curtailing export revenue. He maintained that Russia will continue to focus on sending commodities to allies.
US stock futures rise early Wednesday as worries about...
US stock futures rise early Wednesday as worries about a banking crisis continue to ease. Meanwhile, a second hearing on the collapse of SVB will be held today before the House Financial Services Committee. Here are the latest market moves.
On the docket: Spotify, Next PLC, and more, all reporting.
Brookfield, EIG Consortium to Acquire Australia’s Origin Energy in Deal Worth $10.3 Billion
A consortium led by Brookfield Renewable Partners entered a deal...
A consortium led by Brookfield Renewable Partners entered a deal to acquire Origin Energy, Australia’s largest integrated power generator, valuing the company at AUD$18.7 billion (US$12.5 billion), including debt.
If the deal receives shareholders’ blessings, clears regulatory hurdles, and meets other customary closing conditions, the transaction could mark one of the largest private equity-backed deals for Australia. It will also usher in plans for AUD$20 billion in additional investment by Brookfield over the next decade to construct up to 14 gigawatts of renewable generation and storage facilities in Australia.
One Wharton professor recently found out: It did market research, wrote an email campaign, created a...
One Wharton professor recently found out: It did market research, wrote an email campaign, created a website, created a logo, made a social media campaign for multiple platforms, and scripted and created a video. Check it out.
