Trafigura Cuts Mexico Oil-Trader Jobs as Policies Crimp Margins
Trafigura Group is cutting oil-trader positions in Mexico as the government’s nationalist policies squeeze its profit margins. Five
2023-06-27 01:58
Cathie Wood’s ARK Says It’s First in Line for Spot-Bitcoin ETF
Cathie Wood’s ARK Investment Management says it’s first in line to get potential approval for a spot-Bitcoin ETF,
2023-06-27 01:54
Europe Gas Declines as Traders Weigh Fallout of Russia Mutiny
European natural gas fell, reversing an earlier gain, as traders assessed whether a short-lived rebellion in Russia would
2023-06-27 00:58
Aston Martin, Lucid Surge After Saudi-Backed EV Supply Pact
Aston Martin Lagonda Global Holdings Plc is tying up with Lucid Group Inc. on electric vehicle technology, uniting
2023-06-26 22:52
China Exports More Cars Than Japan on Sales Surge to Russia
China sold more cars abroad than any other nation in the first quarter in part because of a
2023-06-26 21:26
Ether’s Hazy Status at the SEC Leaves the Token Far Behind the Rally in Bitcoin
US regulatory uncertainty surrounding Ether is seen by some market observers as damaging the token’s performance compared with
2023-06-26 19:48
Japan Unveils $6 Billion Deal to Buy Out Chip Linchpin JSR
Japan’s government unveiled a $6.3 billion deal to buy out and privatize JSR Corp., taking direct control of
2023-06-26 17:25
ECB Officials Gather in Sintra Amid Strain Over Hiking Journey’s Last Mile
European Central Bank officials sparring over when to conclude their historic bout of interest-rate increases will get vital
2023-06-26 16:58
Aston Martin Steps Up EV Push With Lucid Deal: The London Rush
The M&A wave has rippled through to the automotive industry, with luxury carmaker Aston Martin striking an EV
2023-06-26 15:25
Ryan Reynolds and Rob McElhenney to invest in F1 team
Wrexham owners and Hollywood actors Ryan Reynolds and Rob McElhenney are part of an investor group that has bought a 24 per cent in F1 team Alpine. Renault, the Formula One team’s parent company, confirmed that Reynolds and McElhenney had joined RedBird Capital Partners, the US investment firm who own Italian football club AC Milan and also have stakes in Liverpool owners Fenway Sports Group, in the deal. The 24 per cent equity purchase of £171m values Alpine at around £706m and the team said they will hope to compete for the F1 championship following the increased investment. Alpine, who are based in Britain and were born after Renault rebranded its F1 outfit two years ago, finished fourth in the constructors championship behind Red Bull, Ferrari and Mercedes last season. Reynolds and McElhenney made their first steps into sports ownership when they announced a shock takeover of non-league side Wrexham in 2020. Under their ownership and alongside the popular documentary show Welcome to Wrexham, the Welsh side returned to the Football League with promotion last season following a memorable campaign. Hollywood actor and Creed star Michael B Jordan, who has a minority stake in Premier League team Bournemouth, and US-based Otro Capital are also among the new group of investors in Alpine, the team confirmed. Alpine chief executive Laurent Rossi said: "This association is an important step to enhance our performance at all levels." Read More Ryan Reynolds and Rob McElhenney insist they will not get bored at Wrexham Why Wrexham? How Ryan Reynolds and Rob McElhenney came to buy a club they’d never heard of
2023-06-26 15:25
Renault Sells €200 Million Stake in Formula 1 Unit to Investors
RedBird Capital Partners and Otro Capital are leading an investor group buying 24% of Renault SA’s Formula 1
2023-06-26 13:47
Tech Startup Byju’s Seeks to Calm Investors as Crisis Escalates
The billionaire founder of Byju’s, the Indian education-technology firm that lost its auditor and three board members in
2023-06-26 13:20