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Melco is exploring a loophole as negotiations between Beijing and Washington reach a stalemate
...Top lot at Sotheby’s was Yoshitomo Nara’s “I Want to See the Bright Lights Tonight” (2017), reportedly sold by the Hong Kong property tycoon Joseph Lau, for HK$96mn with fees (est HK$80mn-HK$120mn)....
...On Monday, a Delaware corporate law court ruled that a 2018 remuneration plan, worth as much as $55.8bn, was improperly awarded to the electric vehicle tycoon....
...In 2017, the tycoon was convicted of bribing then-South Korean president Park Geun-hye in a separate case relating to the same merger....
...A significant factor driving the decision to down tools was the tycoon’s refusal to cut rents on the homes where most workers lived....
...News round-up Amanda Staveley in court bid to prevent shipping tycoon from pushing her into bankruptcy (FT) Direct Line rebuffs £3.1bn offer from Belgian insurer Ageas (FT) Daniel Křetínský drops plans...
...Musk found himself on the losing side of that doctrine when Tesla directors and management who brokered the pay agreement were found by Chancellor Kathaleen McCormick to be chummy with the tycoon....
...Amid New Orleans festivities, rainmakers wonder if the party is over for Delaware Delaware, Inc. may be the enterprise now under the most intense activist threat....
...Additional reporting by Eung Sea A version of this article was first published by Nikkei Asia on March 12. ©2024 Nikkei Inc. All rights reserved....
...News round-up Chinese shadow bank Zhongzhi faces $36bn shortfall after ‘management ran wild’ (FT) British tech tycoon Lawrence Jones guilty of rape and sexual assault (FT) Hipgnosis seeks new auditor...
...Gandhi claimed at a press conference in New Delhi that the politicians who said they had received the notification were mainly those who had been vocal about perceived close ties between Modi and Indian tycoon...
...In 2020, Meta made a $5.7bn strategic investment in tycoon Mukesh Ambani’s Reliance Industries’ digital unit....
...BlackRock has struck a joint venture with the financial services arm of Indian tycoon Mukesh Ambani’s empire to launch a digital-first asset manager aimed at serving India’s growing investor population....
...The oligarchs largely accepted this formula, while the 2003 imprisonment of oil tycoon Mikhail Khodorkovsky demonstrated what would happen to those who disagreed....
...Unimed shares directors with a Panamanian company called Laskaridis Shipping Company Inc, according to Panama records. Laskaridis representatives did not immediately respond to a request for comment....
...Tycoon Mukesh Ambani’s media venture Viacom18, which is backed by James Murdoch, has bought the India rights to show films and television from Hollywood giant Warner Bros Discovery, stepping up competition...
...Maga Inc, a pro-Trump super Pac, has booked just $6.5mn....
...A month earlier, property tycoon Tomonori Tsurumaki made headlines by buying Pablo Picasso’s Les Noces de Pierrette for $51mn....
...News round-up Metals tycoon Gupta says Trafigura ‘devised’ $590mn nickel fraud scheme (FT) Hipgnosis investors urge sale of music catalogues to shore up stock (FT) Elon Musk launches xAI in challenge...
...Telecoms tycoon Patrick Drahi has always turned to one man to tackle problems within his sprawling Altice empire: Armando Pereira....
...The fortunes of the country’s wealthiest tycoons fell 39 per cent to $907.1bn from $1.48tn last year, according to Forbes....
...Raveendran, one of India’s richest self-made tycoons, still has a fortune at stake with around 25 per cent of Byju’s equity remaining in his hands....
...Revlon has struck an agreement with creditors to give lenders and bondholders ownership of the bankrupt cosmetics maker and wipe out the interests of Ron Perelman, the tycoon who has controlled it for decades...
...A version of this article was first published by Nikkei Asia on May 15 2023. ©2023 Nikkei Inc. All rights reserved....
...Gautam Adani has become one of India’s most visible tycoons, the rise of his business empire closely associated with the fortunes of its economy....
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