(Reuters) – Chevron purchased about 4.99% of Hess Corp’s common shares this year, the oil giant said in a regulatory filing on Monday. Chevron said the stock purchase reflects its continuing confidence in completing the pending acquisition of Hess. In October 2023, Chevron agreed to acquire Hess in an all-stock deal valued at $53 billion, […]
Allianz to sell 26% stakes in India joint ventures for $2.8 billion
FRANKFURT (Reuters) -The German insurer Allianz said on Monday that it was selling its 26% stake in two joint ventures with India’s Bajaj Finserv to the Bajaj Group for around 2.6 billion euros ($2.84 billion). Last year, Bajaj Finserv had said that Allianz was considering exiting the joint ventures, ending a decades-old partnership. Allianz said […]
Fed Decision Looms: What Investors Need to Know Before March 20
As the Federal Reserve prepares to announce its latest interest rate decision on March 20, investors are bracing for potential market turbulence. With trade tensions, inflation concerns, and global economic uncertainties dominating headlines, it’s crucial to assess how to safeguard portfolios and spot emerging opportunities. While the Fed is expected to hold rates steady, all eyes […]
Google expands Reddit partnership
(Reuters) – Alphabet’s Google on Monday expanded its partnership with Reddit amid concerns that the social media platform’s user growth relies heavily on traffic from Google Search. Redburn Atlantic analyst James Cordwell initiated coverage on Reddit’s stock with a “sell” rating, saying the company’s growth in daily active users (DAUs) — a key metric in […]