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Billionaire Sawiris is stepping up his private jet effort in the midst of the takeover battle

Photographer: Stephen Yang / Bloomberg Photographer: Stephen Yang / Bloomberg Egyptian billionaire Nassef Sawiris increased his bet on the private jet industry and accumulated additional shares in Signature Aviation Plc in the middle of a takeover battle for the company.NNS, the investment vehicle in Sawiris, bought 2.14 million shares of London-listed Signature Aviation at 405.36 pence ($ 5.47) a piece on January 8, according to a law archiving on Monday. The acquisition brought NNS's share up to 7.41% of the company from 7.16%. Blackstone Group Inc. said last week that it teamed up with billionaire Bill Gates on a potential…

Waiting to refinance your mortgage can cost you – here’s why

Learn how much waiting to refinance your mortgage can cost you. (iStock)With the Federal Reserve location rates close to zero to spare the US from a complete economic downturn, mortgage rates are more competitive than they were before the pandemic. In fact, these are the lowest mortgage rates seen since 1971.If you are someone who always wants the absolute lowest price or the best price, it is time to act. Depending on your personal financial situation (such as your credit and debt ratio) it may now be the best (and potentially only) time to get the lowest interest rates you…

Markets newest: Ribbit Capital backs Robinhood’s $1bn convertible debt concern

Markets latest: Ribbit Capital backs Robinhood’s $1bn convertible debt issue

Henry Sanderson The value of silver rose by 4 per cent on Friday, a day after a person on Reddit’s WallStreetBets discussion board urged individuals to purchase shares in a number one silver exchange-traded fund to create a “brief squeeze” out there. The value of silver rose to $27.4 an oz. in morning buying and selling, following a 6 per cent rise within the shares of the iShares Silver Belief on Thursday. On Thursday person u/TheHappyHawaiian stated shopping for shares within the ETF would “drive bodily supply of silver” into its vaults, thereby inflicting a “brief squeeze” in the marketplace,…

China executes former asset administration chief for corruption

China executes former asset management chief for corruption

China has executed the previous head of one in every of its greatest asset administration corporations who was convicted of corruption, a punishment that has drawn sharp criticism from worldwide human rights consultants. The execution of Lai Xiaomin was carried out on Friday three weeks after the 58-year-old was sentenced to loss of life by a court docket within the metropolis of Tianjin, state media reported.Lai was discovered responsible of taking bribes amounting to Rmb1.8bn ($280m) over a 10-year interval when he labored at Huarong Asset Administration and earlier than that on the China Banking Regulatory Fee. Whereas consultants say…

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