Bitcoin and Ether, declined by 4% and 6%, correspondingly, in the background of the sell-off on the cryptocurrency exchange FTX. Last week, CoinDesk reported that a significant part of the FTX’s balance consists of FTT and SOL tokens, which created a range of problems for it.
Berkshire Hathaway was a net buyer of about $3.6 billion in shares last quarter, which reflects about $8.9 billion in purchases and $5.3 billion in sales, according to its cash flow statement.
Investment managers at Citigroup Inc. and Morgan Stanley expect US inflation peaking, along with monetary easing by the Federal Reserve (Fed). If so, emerging market currencies are likely to be their first stop.
In early December, the EU embargo on marine imports of oil from Russia comes into force. Also, an oil price ceiling will come into effect if it’s supplied to third countries. Thus, oil prices are getting more and more unstable.
Greek Prime Minister Kyriakos Mitsotakis reported that the U.S. company Exxon Mobil is to begin seismic surveys in the southwest of the Peloponnese peninsula and the island of Crete in the coming days.
Marlboro maker Philip Morris International (PMI) announced Monday a plan to buy Swedish Match for $16 billion, despite only getting approval for the deal from owners of 82.59 percent of the Swedish company.
As reported Sunday by the Financial Times, activist investor Elliott Management Corp has come up with the decision for Philip Morris International’s (PMI) bid for Swedish Match. PMI has won the support of a key shareholder. The deal is worth $16 billion.
Apple Inc. is planning to boost revenue from advertising during live matches as part of the deal with Major League Soccer (MLS) to broadcast matches on its streaming service Apple TV next year, as reported Friday by Bloomberg News, citing sources.
Politico reported yesterday that the U.S. Department of Justice will soon start investigating the takeover of Figma by Adobe, which is worth up to $20 billion.
Philip Morris International Inc made the "best offer" to acquire Swedish Match AB. It was set to pay 116 Swedish crowns ($10.53) per share. Framtiden Partnerships, a Swedish Match shareholder for nearly two decades, said it would reject the deal.
