Reliance To Buy Control Of Mandarin Oriental New York In $98 Million Deal

Reliance To Buy Control Of Mandarin Oriental New York In $98 Million Deal

(Reuters) – Indian conglomerate Reliance Industries Ltd is paying nearly $100 million for a controlling stake in Mandarin Oriental New York, a five-star hotel in midtown Manhattan, through the purchase of its Cayman Islands-based parent. Reliance said in a stock exchange filing on Saturday its industrial investments subsidiary will acquire Cayman Islands-based Columbus Centre Corp…

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Credit Suisse Chairman To Be Rebuked By Board Over COVID-19 Rule Breach - Paper

Credit Suisse Chairman To Be Rebuked By Board Over COVID-19 Rule Breach – Paper

ZURICH (Reuters) – Credit Suisse Chairman Antonio Horta-Osorio is likely to be rebuked by the bank’s board after an internal investigation found he breached COVID-19 rules a second time, Tages-Anzeiger newspaper reported on Saturday. The probe by Credit Suisse’s legal team found the Portuguese banker attended the Wimbledon tennis finals in London last July without…

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