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‘Biggest Blunder in Banking History’: Citibank Wired $900 Million to Lenders by Mistake. What Lies Ahead

Citibank acting as a loan agent to cosmetic company Revlon, accidentally transferred USD 900 million (about Rs 6,554 crore) to the company’s lenders. Citi was serving as the so-called administrative

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Resurgent Canadian natgas producers look to horn in on U.S. market

Canadian natural gas producers are bouncing back faster from the COVID-19 pandemic than battered U.S. shale firms, putting them in position to boost net gas exports to the United States

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Carlyle plans third attempt at IPO for Japan’s WingArc1st

U.S. buyout firm Carlyle Group Inc is set to win approval for an initial public offering (IPO) of Japan’s WingArc1st Inc as early as Thursday, two people with knowledge of

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How McLaren aims to rebuild supercars to roar into electric era

There’s nothing quite like the roar of a revving McLaren engine to set a petrolhead’s pulse pounding, or the full-throated scream as it tears across the tarmac. Yet new gas-fuelled

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Indian tribunal blocks regulator’s order on Future chief, company says

An Indian tribunal has blocked a regulatory order that this month barred Future Group Chief Executive Kishore Biyani from the securities markets for a year, over accusations of insider trading

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Future Group creditors scramble to recover $2.5 billion loans amid Reliance deal woes

Future Group’s creditors are exploring options to recover more than $2.5 billion in loans, amid worries the Indian retailer’s planned sale of assets to Reliance Industries could fail, four bankers

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SoftBank shares hit historic high as online backers celebrate

SoftBank Group Corp shares closed at a record high on Tuesday, surpassing a peak reached at the height of the dot-com bubble, as online backers celebrated the recovery in the

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