Bloomberg Business

Sasol Legal Cases Mount Over Pipeline Charges, Emissions Limits

Sasol Ltd. is opposing a legal bid by South Africa’s state-owned logistics company to claw back almost 816 million rand ($44 million) in oil pipeline tariffs, adding to other cases against the fuel and chemical maker that threaten its biggest operations.

China Quant Founder Buys $39 Million Shanghai Villa in Auction

The founder of a top quantitative hedge fund in China bought a villa in Shanghai for 285.5 million yuan ($39 million) in an online auction, scooping up one of the city’s most expensive homes for less than its appraised value.

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