FILE PHOTO: The headquarters of Germany’s Deutsche Bank are photographed

Melco abandons Crown stake purchase, first major deal dropped due to coronavirus

By Nikhil Nainan and Farah Master (Reuters) – The new coronavirus epidemic has claimed its first big M&A deal, with Macau casino operator Melco Resorts & Entertainment Ltd <MLCO.O> pulling the plug on a stake purchase in Australia’s Crown Resorts Ltd <CWN.AX>, citing a plunge in traveler numbers and casino closures. Macau, the world’s biggest […]

As customers hoard pot brownies, North American weed firms see lockdown boost

By Shariq Khan (Reuters) – Cannabis sales are touching new highs as customers across the United States and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic. Between March 16 and March 22, sales of recreational cannabis across key U.S. markets, including California, Colorado, Oregon and Alaska, were up […]

Leaked “Pandora” records show how the powerful shield assets – The Denver Post

A new report sheds light on how world leaders, powerful politicians, billionaires and others have used offshore accounts to shield assets collectively worth trillions of dollars over the past quarter-century. The report by the International Consortium of Investigative Journalists brought promises of tax reform and demands for resignations and investigations, as well as explanations and […]