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The local governor stated that Russia is defending against drone attacks on the Nevinomysk industrial zone in the southern Stavropol region.On August 24th, following US President Trumps announcement of an "unprecedented" economic war against Iran, US Treasury Secretary Bessenter confirmed that the specific details of the "unprecedented economic isolation" measures against Iran would be officially announced on the 24th. Iran, on the other hand, played its "oil export countermeasure" card on the 23rd: if the US waged an economic war, there would be no more oil exports from the Strait of Hormuz or even the Persian Gulf region. Currently, there are less than 24 hours left before the US announces the details of the sanctions. Public opinion generally believes that this is a desperate move by the US given the current situation of a protracted war between the US and Iran and the failure of negotiations. Although the specific measures have not yet been announced, some analysts believe that this action may ultimately lead to a "lose-lose" situation.On August 24, Xiyin announced on the Hong Kong Stock Exchange that it plans to issue approximately 280 million Class B shares (subject to reallocation and the exercise of the over-allotment option) for its Hong Kong listing, with a pricing range of HK$47.60 to HK$49.50 per share. Trading is expected to commence on September 1.Alibaba (BABA.N) announced the pricing of its HK$80 billion share placement, with 710,000,000 new shares to be subscribed at HK$112.70 per share. The placement is expected to be completed on August 26, 2026.On Monday, both WTI and Brent crude oil opened $0.30 lower, at $85.97/barrel and $91.96/barrel respectively.

AMP Confirmed It Was In Talks to Sell Its Investment Management Unit

Aria Thomas

Apr 19, 2022 09:53

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The news follows media allegations that AMP was in talks to sell Collimate in order to streamline its operations.


Dexus acknowledged in a separate filing that it was in discussions with AMP about acquiring the 172-year-old company's Australian real estate and infrastructure equity operations.


"While these negotiations continue, AMP remains open to the possibility of selling or demerging these companies," the wealth management said.


If the purchase goes through, the firm will abandon its intention to spin off AMP Capital's private markets division, instead deciding to sell off segments of the infrastructure investment management unit sequentially.

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