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Exclusive: Musk’s banks to book Twitter loan losses, avoid big hits -sources
NEW YORK, Dec 13 (Reuters) – Some of the financial institutions that lent Elon Musk $13 billion to get Twitter are getting ready to book losses on the loans this quarter, but they are possible to do so in a way that it does not develop into a key drag on their earnings, according to three sources with immediate knowledge of the scenario. Banking institutions ordinarily promote such financial loans to traders at the time of the offer. But Twitter’s loan providers, led by Morgan Stanley (MS.N), could face billions of bucks in losses if they attempted to do so now, as traders shy away from acquiring risky debt all…
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Masdar City and the UAE Space Agency announce exclusive business package
Tailor-made business enterprise licenses, employment visas, and a bundle of supplemental rewards will permit place-linked enterprises to thrive in the UAE’s to start with area-tech hub New bundle will support Place Zone’s firms in accelerating growth Abu Dhabi, United Arab Emirates: Masdar City, in partnership with the UAE Space Company, has introduced the introduction of a new small business incubation and acceleration offer for place connected commence-ups and little and medium enterprises (SMEs), joining the Area Economic Zone Software in Masdar Town – Abu Dhabi. Released in January 2022 in collaboration with the UAE Area Agency, the Area Financial Zone Plan in Masdar Town is the to start with…
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EXCLUSIVE India’s Reliance to acquire dozens of brands in $6.5 bln consumer goods play-sources
Shoppers purchase grocery objects inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for Totally free unrestricted accessibility to Reuters.com Sign-up India retail giant programs large thrust in buyer items small business Reliance in late-phase talks with 30 models for offers-resource Indian company is choosing distributors, executives for new vertical Reliance will confront troubles fighting global manufacturers-analysts MUMBAI, May possibly 15 (Reuters) – India’s largest retailer Reliance (RELI.NS) will receive dozens of small grocery and non-meals brand names as it targets making its own $6.5 billion shopper merchandise business to problem overseas giants like Unilever, two resources common with the program…
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