Venezuela plans stock comes out in break from socialist model

CARACAS, Venezuela — Venezuela’s government is seeking private investors to pump funds into vital but crippled state-run companies, decades after seizing them in the name of socialism. The government on Monday intends to offer 5% to 10% stakes in companies ranging from telephone and internet service providers to a petrochemical producer. In another country, those … Read more

Mexico’s electricity sector ranked by doubt and legal chaos

MEXICO CITY — President Andrés Manuel López Obrador’s efforts to reshape Mexico’s electricity sector in favor of the state-owned power company have spurred hundreds of lawsuits and caused a level of uncertainty that businesspeople say is costing jobs and private investment. The level of uncertainty is such that a solar panel company had to agree … Read more

Greece gets 3.6 billion euros from European recovery fund

Greece has received a 3.6 billion euro payment out of its allotted 30.5 billion from the European Union’s pandemic recovery fund ByAssociated Press April 8, 2022, 10:38 AM • 2min read Share to FacebookShare to TwitterEmail this article ATHENS, Greece — Greece has received a 3.6 billion euro ($3.9 billion) payment out of its allotted … Read more

Australian electricity generator AGL rejects $5.8B offer

Australia’s largest electricity generator, AGL Energy, has rejected a takeover bid from Australian tech billionaire Mike Cannon-Brookes and Canadian investment firm Brookfield ByAssociated Press February 21, 2022, 3:10 AM • 2min read Share to FacebookShare to TwitterEmail this article CANBERRA, Australia — Australia’s largest electricity generator, AGL Energy, has rejected an 8 billion Australian dollar … Read more

Group alleges US firm’s tanker illicitly traded Iran oil

A tanker owned by a Los Angeles-based private equity firm likely took part in the illicit trade of Iranian crude oil at sea despite American sanctions targeting the Islamic Republic By JON GAMBRELLAssociated Press February 17, 2022, 2:09 PM • 4 min read Share to FacebookShare to TwitterEmail this article DUBAI, United Arab Emirates — … Read more

A-Rod, eleven scorned by Trump, in group buying his DC hotel

Former New York Yankees slugger Alex Rodriguez, once vilified by Donald Trump as a “druggie” and “joke” unworthy of wearing the pinstripes, is now a key part of an investment group seeking to buy the rights to the ex-president’s marquee Washington, DC, hotel, people familiar with the deal told The Associated Press. A-Rod’s involvement in … Read more