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U S Floats Tax Compromise Targeting 100 International Firms
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NYC Tops Weekly Dose Goal; U K Set for Reopening: Virus Update
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(Bloomberg) Mumbai authorities asked all private offices to work from home through April as India’s financial hub emerges once again as the epicenter of a new wave of coronavirus infections. Banks, stock exchanges, medical and insurance services will be allowed some staffing concessions, according to a government notification Sunday. All non-essential services including malls, places of worship and beauty salons will shut operations from 8.
Brookfield to Take Property Arm Private in $6.5 Billion Deal
Bloomberg 17 mins ago Scott Deveau
(Bloomberg) Brookfield Asset Management Inc. said it reached a $6.5 billion agreement to acquire the shares of Brookfield Property Partners LP it doesn’t already own, taking a fresh attempt at privatizing its real estate arm private.
The Canadian alternative-asset manager said Thursday it plans to acquire the minority stake for $18.17 per unit. That would mark a 10% increase to the $16.50 a unit Brookfield Asset offered in January, and a 26% premium over where the shares traded prior to that earlier proposal.
Brookfield Property’s board has unanimously approved the deal, according to the statement by the companies. Brookfield Property dropped 0.8% to $17.64 as of 9:59 a.m. in New York.
H&M Slammed on China s Social Media Over Cotton Comment
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