Russian Gold Miner Starts $6.3 Billion Buyback Amid LSE Exit
Polyus PJSC plans to spend as much as 579 billion rubles ($6.32 billion) on buying back shares as Russia’s biggest gold miner prepares to delist from the London Stock Exchange.
Bloomberg Business
Reliance Rallies on Finance Unit Listing, Retail Buyback Plans
Reliance Industries Ltd. rallied the most in more than three months after India’s biggest firm by market value moved ahead with its plan to list its financial services business and said its retail unit will buy back shares.
Solomon Islands Opens China Embassy in Sign of Closer Ties
The Solomon Islands became the latest Pacific island nation to open an embassy in China and upgrade ties with Beijing as Washington also seeks to bolster its presence in the region.
China Tightens Content Controls on Social Media Influencers
China is tightening controls on independent content creators in its latest regulatory guidelines for tech companies.
Biden and Sunak Begin Talks on Ukraine Before NATO Summit
Joe Biden is meeting Prime Minister Rishi Sunak for talks on Ukraine during a brief visit to the UK on Monday, after allies questioned the US decision to send cluster bombs to support Volodymyr Zelenskiy.
Bitcoin Bulls Take Heart From Litecoin’s Market-Beating Jump
Bitcoin investors are drawing succor from a surge in the smaller token Litecoin over the past year that has outstripped the broader crypto market.
Kindergarten Attack That Left Six Dead Sparks Outrage in China
Six people were killed and one injured after a 25-year-old man attacked a kindergarten in southern China’s Guandong province Monday, the local government said.
HSBC Downgrades 11 Stocks in ‘Precarious’ UK Real Estate Sector
UK real estate firms face a “precarious” situation in the near to-medium term as net asset values fall and refinancing risks loom, according to analysts at HSBC, who downgraded 11 firms in the sector.
Inflexion in Talks to Buy UK Law Firm DWF Group, Sources Say
British law firm DWF Group Plc is in talks to be acquired by Inflexion in a buyout valued at about £342 million ($438 million), amid a tentative return of take-private deals.
Citi Eyes ‘Complex’ Debt Swaps Once Dominated by Credit Suisse
Citigroup Inc. is looking to expand its footprint in a market that’s so far been dominated by Credit Suisse, according to a senior banker at the Wall Street firm.
