The Hong Kong Stock Exchange-traded French cosmetics giant L'Occitane is set to go private in jurisdictions throughout the West, writes Reuters. L'Occitane is anticipated to repurchase its shares at HK$34 (now worth $4.35) a share. That is a 30.8 percent increase over the shares' closing price of...

US investment firm Blackstone has reached an agreement to purchase British company Hipgnosis Songs Fund. Hipgnosis owns song rights to artists like Shakira, Leonard Cohen, and Red Hot Chili Peppers, for 1.26 billion pounds ($1.57 billion).  The company board recommended that shareholders...

During the press conference to announce the first quarter's results, the chairman of TotalEnergies' board of directors and chief executive officer Patrick Pouyanne revealed that the French gas and oil company is thinking of relocating its primary listing of shares from Paris to New York, reports...

According to four people who spoke to Reuters, the market for middlemen has flourished as a result of Russian businesses' attempts to pay for products in China since secondary penalties have scared off local banks, with up to 50% of transactions now being handled via intermediaries.   The...

The Wall Street Journal reports, citing sources, that Anglo American is contemplating the prospect of selling its diamond mining business, De Beers. It was previously reported that Anglo American was approached by BHP Group, the biggest mining corporation globally, about merging through a share...

The operator of the Hong Kong Stock Exchange, Hong Kong Exchanges & Clearing Ltd. (HKEx), reported a 13% decrease in net profit in the first quarter of 2024 due to a decline in trading activity and a decrease in listings. In a press release, the company stated that net profit for the...

U.S. prosecutors stated in a court document on Tuesday that Changpeng Zhao, the creator of Binance, the biggest cryptocurrency exchange in the world, should spend 36 months in jail after entering a guilty plea to breaking laws prohibiting money laundering.   Zhao resigned as CEO of Binance...

A plan that would have given TikTok's Chinese owner, ByteDance, approximately a year to sell up the U.S. assets of the short-video app or risk a statewide ban was passed by the U.S. House of Representatives on Saturday. The Senate will now consider it, and in the upcoming days, a vote on it...

A Florida jury found that the ovarian cancer that killed a Florida woman in 2019 was not brought on by Johnson & Johnson's baby powder talc product.   Patricia Matthey, a resident of Sarasota County, used Johnson's baby powder every day from 1965 until August 2016, when her family...