Three investment groups have bought a 21% stake in Formula One from private equity firm CVC Capital for $1.6 bln ahead of the motor racing company's planned flotation in Singapore next month. The deal sets a benchmark valuation of at least $7.6 bln as financial advisers begin to target cornerstone and retail investors during the
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Apple has maintained its place as the world's most valuable brand over the past year, leading a group of technology-related companies that dominate the top 10, according to a leading study. The iPhone and iPad maker has boosted its brand value by 19% in the past year to $183 bln, or 37% of its market
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Riskier assets retreated broadly on Wednesday as hopes for fresh measures to tackle the euro zone debt crisis faded and caution set in ahead of a meeting of European leaders, with sentiment hurt by renewed fears Greece would leave the euro bloc. European shares also looked likely to slump, with financial spreadbetters predicting major European
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Credit Agricole has renewed a request for the Greek Central Bank to grant its Emporiki unit access to a liquidity facility, which has been made available to some other local banks, the French bank's chief executive said on Tuesday. Jean-Paul Chifflet said the request was part of a wider range of measures aimed at reducing
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Greece's bank stability fund approved an 18 billion euro ($22.96 billion) injection to rescue its four largest banks and an official said they would get the urgently needed funds as soon Wednesday. Bankers say the recapitalisation will allow them to again receive funding from the European Central Bank (ECB), which cut off some Greek banks
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* Ukraine prepared for "professional" hooligans * Sees racism and xenophobia as problems * Little can be done to stop inflow of prostitutes Ukraine will use fighters and helicopters to guard its air space and put security and health services on full alert during the European soccer championship, but officials said on Tuesday they could
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European Central Bank Vice President Vitor Constancio said on Tuesday he does not expect Greece will exit the euro and urged Athens to work with Europe to remove the risk of its crisis spreading to other countries. "I don't think the worst is going to happen in Europe. I don't anticipate Greece will exit …
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Austria has a great business interest in Cyprus and excellent possibilities for cooperation in economic matters, the country’s President Heinz Fischer said today addressing a business forum in Vienna. On the issue of natural gas in Cyprus’ Exclusive Economic Zone, President Fischer said the island’s natural wealth is a sound foundation for a modern economy,
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Private equity firm CVC Capital Partners confirmed on Tuesday that investors Waddell & Reed , Norges Bank and BlackRock had paid $1.6 billion in cash for a 21 percent stake in the Formula One motor racing business. "We look forward to working with our new partners over the coming years," said Donald Mackenzie, a managing
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Nearly two decades since the start of online dating, the match-making sites that launched millions of relationships are spicing things up with online games and going high tech and offline to produce more happy ever afters. Games, apps and offline events are beginning to replace the ritual exchange of online messages, the basic tenet of
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