Reuters reveals AC Milan is the target of sale talks with Bahrain-based Investcorp Reuters exclusively reported that Bahrain-domiciled asset manager Investcorp has entered into exclusive talks to purchase Serie A club AC Milan, in what would be the first takeover of a top Italian team by Middle East investors. One source close to the talks told Reuters…
Reuters reveals Russian companies, banks could reap windfall from depositary receipt delisting Reuters revealed that Russian companies and global banks including BNY Mellon, Deutsche Bank, Citigroup and JPMorgan could profit if Moscow moves to de-list Russian companies’ depositary receipts from foreign exchanges. The potential windfall is due to the fees that bank issuers of depositary receipts can…
Reuters reveals Ferrero to stop buying palm oil from Malaysia’s Sime Darby over labour concerns Reuters exclusively reported Italian confectionary giant Ferrero said it will stop sourcing palm oil from Sime Darby Plantation after the United States found the Malaysian planter used forced labour, in a reputational blow for the palm producer and for Malaysia. Labour practices across…
Reuters reveals Bird flu, Ukraine war push egg prices higher worldwide Reuters took a deep dive into how severe outbreaks of bird flu in the United States and France are tightening global egg supplies and raising prices for the food staple as the war in Ukraine disrupts shipments to Europe and the Middle East. Higher prices are particularly…