Page 48 - Stk News Today

(Bloomberg) -- GLP Pte has filed confidentially for a U.S. initial public offering of its investment business that’s seeking to raise about $2 billion, according to people with knowledge of the matter.

(Bloomberg) -- Sea Ltd., once the hottest stock in the world, has lost more than $130 billion in market value from its peak last year after a disappointing earnings report that added to its woes.

(Bloomberg) -- Russia demanded the U.K. sell its stake in satellite startup OneWeb Ltd. and threatened to cancel a launch planned for Saturday if it didn’t, retaliating against Western sanctions following the invasion of Ukraine.

(Bloomberg) -- Index provider MSCI Inc. is closely monitoring accessibility and investability of Russian equities and is seeking feedback from market participants on the appropriate treatment of the market, according to a statement from the company.

(Bloomberg) -- Russia’s billionaires are starting to feel the heat. The broadside to their fortunes has been swift since President Vladimir Putin’s decision to invade Ukraine.

Track the global equity, currency & commodity markets here.

(Bloomberg) -- Jaime Gilinski is making a fresh run at taking control of Colombia’s largest business group with a $1 billion bid to increase his ownership stakes of a financial conglomerate and the country’s largest food maker.

(Bloomberg) -- Brookfield Asset Management Inc. signed an agreement to buy 60% of the payments business of First Abu Dhabi Bank PJSC at a $1.15 billion valuation.  FAB, which completed the carve-out of its Magnati payments business into a fully-owned subsidiary in April, will retain a 40% stake.

Safe havens like bonds, gold and the US dollar rallied on Monday, while classic risk-sentiment proxies like the Australia dollar tumbled.

(Bloomberg) -- Investors seeking to offload holdings in Russian assets will find that the actual unwinding will be a complex and potentially expensive endeavor.  A growing number of institutions are rethinking their portfolios in the wake of Russia’s invasion of Ukraine.