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Indian court halts Future's $3.4B deal on Amazon plea
India's Supreme Court has blocked the 3-point-4 billion dollar sale of retailer, Future Group, to the country's largest business conglomerate, Reliance Industries. The injunction follows claims that Future Group's sale violates a contract with the online retail giant, Amazon. The freeze could shutter hundreds of outlets and jeopardise up to 25-thousand jobs.
Global dividend payments fall $220B in 2020
The pandemic saw companies slash their dividends shareholders by 220-billion dollars in 2020. According to the latest Global Dividend Index from asset manager Janus Henderson, payouts to shareholders fell 12-percent to 1-point-26 trillion dollars. That's the biggest slump since the financial crisis more than a decade ago. But the report estimates dividends could rebound by as much as 5-percent this year.
Copper prices hit highest level in almost 10 years
Copper prices have surged to the highest level in nearly ten years thanks to optimism about a global economic recovery. Benchmark copper on the London Metal Exchange has risen as much as 3-percent, crossing 9-thousand dollars a tonne. The metal has also benefited from a weaker dollar and a rise in inflation expectations.
Turkey arrests dozens in Thodex crypto exchange fraud probe
Turkish authorities are seeking a so-called 'red notice' from Interpol that would help them track down and arrest the founder of one of the country's biggest cryptocurrency exchanges, Thodex. Faruk Fatih Ozer, who's said to have fled to...
Published 04/23/21
Turkey opens probe into cryptocurrency platform Thodex
Turkish prosecutors have launched an investigation into Turkish cryptocurrency exchange platform, Thodex. That's after the exchange abruptly shut down while holding at least 2-billion dollars, leaving thousands of users unable to access their...
Published 04/23/21