Elon Musk’s attempt to scrap his purchase of Twitter Inc. Musk tore up his April 25 agreement to buy the social media platform. Elon Musk sold 9.6 million Tesla shares at an average price of around $885 per share. Analysts say he is in a better cash position. Elon Musk’s endeavor to scrap his acquisition … Read more
The Rogers network outage disrupted nearly every aspect of daily life. Cutting banking, transport, and government access for millions. Consumers and opposition politicians called on the government. The disruption could prompt the Competition Bureau to look more closely. High cellphone bills have been a hot-button issue in Canadian elections. Rogers Communications (RCIb.TO) muddled its possibilities … Read more
Tyro shares plunged more than 20% to a record low of A$0.620 on Wednesday after news of Cooke’s appointment. Australia’s Star Entertainment (SGR.AX) selected Tyro Payments (TYR.AX) head Robert Cooke as its CEO on Wednesday, saying his involvement with the monetary administration industry would assist with directing it through a time of the serious administrative … Read more
Russia has struggled to keep up payments on $40 billion of outstanding bonds. U.S. Treasury Department blocked Moscow from making payments in late May. Russia was due to pay $100 million in interest on two bonds, one denominated in US dollars and another in euros. Russia’s bonds have an increasing level of ambiguities. Russia edged … Read more
The approval allows for the disbursement of about $4 billion. Argentina’s economy minister says the country will continue to implement macroeconomic policies. The IMF announced on June 8 that it had reached a staff-level agreement on an updated macroeconomic framework with Argentina. The chief leading group of the International Monetary Fund on Friday finished the … Read more
Saudi Telecom’s board has proposed increasing the company’s share capital by $8 billion, or 150%, driving the share price nearly 10% higher. The proposed capital increase would involve issuing 30 billion new shares, with shareholders offering 1.5 new shares for each share owned. Saudi Telecom (7010.SE) said on Sunday its board had proposed expanding the … Read more
