DVST

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s chief financial officer said on Thursday his department would withdraw $2 billion from its assets managed by BlackRock Inc. (BLK.N)the largest such divestment by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. The move will hardly affect BlackRock’s $8 trillion in assets and drew …

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Exclusive: Behind FTX’s fall, battling billionaires and a failed bid to save crypto

November 10 (Reuters) – (This story contains language that some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off guard with a grim message. “I’m sorry,” he told them. “I screwed up.” The reason for the mea culpa: its announcement half an hour …

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Elon Musk sells Tesla shares worth $3.95 bln days after Twitter deal

Nov. 8 (Reuters) – Tesla Inc. (TSLA.O) Boss Elon Musk sold $3.95 billion worth of shares in the electric vehicle maker, according to regulatory filings, days after closing the $44 billion deal for Twitter Inc. The latest sale brings the total Tesla shares Musk has sold to around $36 billion since November last year, leaving …

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Canada orders three Chinese firms to exit lithium mining

China says Canada is breaking trade and market rules Chinese company stocks fall Companies say they don’t expect a major performance hit OTTAWA/BEIJING, Nov 2 (Reuters) – Canada on Wednesday ordered three Chinese companies to divest their investments in critical Canadian minerals, citing national security. In response, China accused Ottawa of using national security as …

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Credit Suisse pays $495 mln to settle legacy U.S. case

Settlement ends bank’s largest ongoing RMBS deal Credit Suisse says settlement is fully covered by provisions The bank still has five cases to solve Expects to resolve outstanding cases within the next six months ZURICH, October 17 (Reuters) – Credit Suisse (CSGN.S) agreed to pay $495 million to settle a case related to mortgage-related investments …

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U.S. grocer Kroger carts away Albertsons for $25 bln but faces antitrust test

Oct 14 (Reuters) – Kroger Co (KR.N) acquired Albertsons Cos Inc. (ACI.N) in a $25 billion deal on Friday, creating an American grocery giant to better compete with leader Walmart Inc (WMT.N) on pricing while bracing for antitrust scrutiny. The mega merger between the No. 1 and No. 2 autonomous grocers in the United States …

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Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Tencent seeks to initiate sale of Meituan stake this year – sources Sale seeks to appease regulators and monetize 8-year-old betting sources Sale of stake likely to be made as a block transaction – sources This decision comes after the sale by Tencent of JD.com and the participations of SEA Meituan shares sink 10%; Tencent …

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