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☆ SBB shares up 37% on cash infusion, end of strategy review
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +1 min

OSLO, Sept 25 (Reuters) - Shares of Swedish property group SBB (SBBb.ST) rose 37% in early trade on Monday after it announced on Sunday it would reorganise its business, securing an 8 billion crown ($719 million) cash boost and ending a strategic review. "The fact that SBB is freeing up 8 billion crowns must be seen in a very positive light. In a crisis, it is almost all about having liquidity, and SBB is getting it now," Carlsquare analyst Bertil Nilsson said. SBB, which has seen its shares plunge 95% since early 2022 on concerns over the group's viability, also on Sunday presented a decentralised structure to boost its transparency and funding options. ($1 = 11.1296 Swedish crowns)Reporting by Terje Solsvik and Jesus Calero, editing by Anna RingstromOur Standards: The Thomson Reuters Trust Principles.

Persons: Bertil Nilsson, Terje Solsvik, Jesus Calero, Anna Ringstrom Organizations: SBB, EduCo, Brookfield Asset Management, Brookfield, Core Infrastructure Partners, Thomson Locations: OSLO, EduCo, Brookfield, Swedish

☆ SBB sells 1.16% of education unit, receives $700 million as part of loan repayment
▼ + stars: | 2023-09-24 | by ( Rishabh Jaiswal | ) www.reuters.com time to read: +2 min

Sept 24 (Reuters) - Swedish property group SBB (SBBb.ST) on Sunday divested 1.16% of its education subsidiary EduCo to Brookfield Super-Core Infrastructure Partners for around 242 million Swedish crowns ($21.73 million) as it looks to bolster its finances. SBB will hold approximately 49.84% of EduCo after the divestment, following which EduCo will be controlled by Brookfield. As part of the deal announced on Sunday, EduCo will repay part of its inter-company loan from SBB, resulting in the Stockholm-based company receiving approximately 7.8 billion Swedish crowns ($700.46 million) in cash. SBB's remaining loan to EduCo will be around 5.5 billion Swedish crowns. Brookfield Super-Core Infrastructure Partners is the infrastructure fund of Canada's Brookfield Asset Management(BAM.TO).

Persons: EduCo, Brookfield, Rishabh, Barbara Lewis, Sharon Singleton Organizations: SBB, Sunday, Brookfield, Core Infrastructure Partners, International Monetary Fund, Brookfield Asset Management, Community, Thomson Locations: Brookfield, Sweden, Stockholm, EduCo, Bengaluru

MANILA, Philippines (AP) — There was a long flight awaiting USA Basketball on Monday. And now, every bit of USA Basketball’s focus shifts to the Paris Olympics — where the challenge will be even tougher than the World Cup, which again reminded the Americans how much the FIBA game has changed. “The narrative about USA Basketball and FIBA, and do we need reminders, we’re past that,” U.S. coach Steve Kerr said. We do a great job as an organization at (USA Basketball) as far as respecting the game. Those are the colors of the uniforms USA Basketball will be wearing.

Persons: Steve Kerr, ” Kerr, — Erik Spoelstra, Tyronn Lue, Mark Few, Grant Hill, Sean Ford, “, ”, Carmelo Anthony, Austin Reaves, Josh Hart, Jalen Brunson, Anthony Edwards, “ I’ll, Bridges, Stephen Curry, Kevin Durant, LeBron James, Bam Adebayo, Devin Booker, Jayson Tatum, Draymond Green, we’ve, “ We’ve, Joel Embiid, he’s, Tim Reynolds, ap.org ___ Organizations: USA, Paris, NBA, Paris Olympics —, FIBA, USA Basketball, Olympics, Paris Games, Basketball, Tyrese, United, Paris Olympics, Associated Press, AP Locations: MANILA, Philippines, Manila, Los Angeles, U.S, Paris, men’s, America, Tyrese Haliburton, USA, Canada, Tokyo, United States, France, Cameroon, treynolds

Just beyond the room, about 200 celebrities, fashion designers and media figures were packed tightly into a light-blue ballroom in the mansion. The night before, Mr. Adams hosted a different event on the other side of Central Park. “The crisis, not the people, the crisis is undermining the economic strength of our city,” he said. “The people want to come here to work, and their inability to do so, they can’t contribute to the city. It’s going to impact our police, it is going to impact our streets, it is going to impact everything in our city.”“And it is just wrong for New York City residents, taxpayers,” he continued.

Persons: Bam Bam ”, Sister Nancy, Doechii, Anna Wintour, Stacey Bendet, Gabriela Hearst, Vera Wang, David Lauren, Jordan Roth, Kathryn Newton, Adams, ”, “ Organizations: Vogue, Fund, New Locations: Central, New York, New York City, ”

☆ Binance files for protective order against SEC
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File PhotoAug 15 (Reuters) - Crypto exchange Binance late on Monday filed for a protective court order against the U.S. Securities and Exchange Commission saying the regulator's requests for information were "over broad" and "unduly burdensome". In a court filing in the US District Court of Columbia, BAM Trading, Binance U.S.'s operating company and BAM Management said the group had already provided sufficient information to the regulator. The protective order seeks to limit the SEC, among other things, to four depositions from BAM employees, and to drop the deposition of BAM's chief executive and of its chief financial officer, without naming anyone. Binance and the SEC did not immediately respond to a request for comment. The SEC has declined BAM's proposals to meaningfully limit its requests and is opposed to the motion for a protective order, the filing said.

Persons: Dado Ruvic, Changpeng Zhao, Lavanya, Kim Coghill, Sharon Singleton Organizations: REUTERS, U.S . Securities, Exchange Commission, Court, Columbia, BAM, BAM Management, SEC, Thomson Locations: U.S, Bengaluru

☆ Focus: Colombia's potential renewables boom short circuits on Indigenous resistance
▼ + stars: | 2023-08-15 | by ( Nelson Bocanegra | ) www.reuters.com time to read: +7 min

Solar photovoltaic array is seen at a solar power field of the company Celsia, in Yumbo, Colombia, February 6, 2019. Joanna Barney, a researcher at non-governmental organization Indepaz said she was aware of the deaths associated with conflicts over renewables projects. Renewables - even if ostensibly more environmentally-friendly - are facing hurdles similar to those confronted by oil and mining companies, long Colombia's top sources of income. Wind and solar provide less than 1% - about 300 megawatts - of Colombia's current energy generation. "The projects aren't operating and it doesn't seem like they will start in the next two years," said Alejandro Lucio of Optima Consultores, which advises renewables companies.

Persons: Julia Symmes Cobb, Gustavo Petro, Italy's, Petro, Jose Silva, Silva, Enel, Colombia Erik Hoeg, Hoeg, Joanna Barney, Indepaz, Alexandra Hernandez, Alejandro Lucio, Optima, Nelson Bocanegra, Christian Plumb Organizations: REUTERS, University of La, EDP Renewables, Brookfield Asset Management, AES, El, Nacion, Reuters, Renewables, Colombian Renewable Energy Association, Thomson Locations: Yumbo, Colombia, BOGOTA, Colombia's La Guajira, Guajira, University of La Guajira, Energi, Brookfield, La Guajira, Colombia's, Europe, Chile, Mexico

☆ On tap next week: Two key inflation reports and 4 Club earnings releases. Here's what we're looking for
▼ + stars: | 2023-08-05 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Economic releases : The Labor Department releases its monthly consumer price index and producer price index on Thursday and Friday, respectively. For that reason, we'd be content if the July figure doesn't indicate a resurgence of rising wholesale costs, which is a concern given a recent uptick in energy prices. On Tuesday before the opening bell, Club holding Eli Lilly (LLY) reports. Finally, Club names Walt Disney (DIS) and Wynn Resorts (WYNN) will report on Wednesday after the closing bell. In preparation for these releases, be sure to check out our first-quarter earnings report card .

Persons: we'll, Knight, Eli Lilly, We'll, donanemab, Walt Disney, We're, Tyson, Henry Schein, Li Auto, Armour, WEN, Ralph Lauren, Price, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Labor Department, Reserve, Manufacturing, ADP, Fitch, AAA, U.S ., PPI, Coterra Energy, Walt, Wynn Resorts, Disney, Tyson Foods, TSN, KKR, Energy, Paramount, UPS, Barrick, Duke Energy, Restaurant Brands, Warner Music, Fox Corp, NRG Energy, AMC, Bros, Endeavor, IAC, Sony, SONY, Brookfield Asset Management, WYNN, Trade, Novo Nordisk, US Foods, News Corp, Air Canada, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Getty Locations: United States, Mounjaro, Hollywood, Las Vegas, Boston, Macao, PENN, Valvoline, VVV, Credicorp, New York City

LONDON, July 28 (Reuters) - French telecoms firm TDF is studying options for its fibre business including a sale, four people familiar with the matter told Reuters, in a deal that could value the fibre unit upwards of 1 billion euros. The sellers are looking for as much as 1.3 billion to 1.6 billion euros for the fibre unit, according to one of the people, a price that buyers may find difficult to swallow. TDF - a former unit of France's leading telecoms operator Orange - provides broadcasting, fibre and telecoms infrastructure with some of its radio antennas sitting on top of the Eiffel Tower in Paris. The fibre unit's EbitdaAL, which deducts the cost of the leases from EBITDA, reached 28.7 million euros last year up from 21.6 million euros a year earlier, while revenues grew 42.8% to 52 million euros, according to TDF’s latest annual results. Two of the sources said the fibre unit's valuation will depend on the number of homes connected to fibre, market penetration and growth rate.

Persons: Brookfield, Sweden's, Les Echos, Andres Gonzalez, Amy, Jo Crowley, Jonathan Oatis Organizations: TDF, Reuters, Brookfield Asset Management, BNP Paribas, BNP, Brookfield, Orange, Eiffel, Sweden's EQT Partners, PSP Investments, APG, Management, Arcus Infrastructure Partners, Agricole, CAA, Thomson Locations: Paris, Europe, TDF, EBITDA

☆ FDIC launches sale of $18.5 billion of Signature Bank loans
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +1 min

July 28 (Reuters) - The U.S. Federal Deposit Insurance Corporation (FDIC) set in motion the sale of an $18.5 billion loan portfolio from Signature Bank this week, a set of loans linked to major private equity and investing firms, according to the regulator's website. The FDIC hired Newmark Group (NMRK.O) in March to sell about $60 billion of Signature Bank's loans, after state regulators decided to close down the failed lender amid a turmoil in regional banks earlier this year. The sale was launched on July 25 and is limited to FDIC-insured depository institutions, the Bloomberg report said. The notice reads that the loans for sale "consist of subscription credit facilities to private equity funds." Reporting by Pritam Biswas in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Thoma, Newmark, Pritam Biswas, Arun Koyyur Organizations: U.S, Federal Deposit Insurance Corporation, Signature Bank, Starwood Capital Group, Carlyle Group, Blackstone, Thoma Bravo, Brookfield Asset Management, Bloomberg, FDIC, Newmark Group, Thomson Locations: Bengaluru

☆ Opinion | American Theater Is Collapsing. The Federal Government Must Save It.
▼ + stars: | 2023-07-19 | by ( Isaac Butler | ) www.nytimes.com time to read: +2 min

The American theater is on the verge of collapse. The Humana Festival of New American Plays, a vital launching pad for such great playwrights as Lynn Nottage and Will Eno over the past four decades, was canceled this year. This season the Williamstown Theater Festival, one of our most important summer festivals, will consist of only one fully produced work, alongside an anemic offering of staged readings. The Lookingglass, a major anchor of Chicago’s theater scene, is halting production for the year. Nonprofit theaters are where many recent hits — including “A Strange Loop” and “Hamilton,” both of which won Pulitzer Prizes — started out.

Persons: Lynn Nottage, Will Eno, Edward Albee, August Wilson, Tony Kushner, Annie Baker, Simon, Garfunkel’s, “, “ Hamilton, ”, — Organizations: Public, New, Williamstown Theater, Oregon Shakespeare, Brooklyn Academy of Music, Nonprofit Locations: Oregon, New York

☆ Private equity gears up for a deal fest Down Under
▼ + stars: | 2023-07-11 | by ( Antony Currie | ) www.reuters.com time to read: +5 min

So it’s fitting that one of the country’s most hotly contested deals involving overseas private equity firms is for Rugby Australia. It’s also a teaser for the deal fest buyout shops are gearing up for Down Under. Another veteran, Blackstone (BX.N), has doubled its private equity headcount over the past couple of years. Reuters GraphicsWith $676 billion of private equity dry powder in the Asia-Pacific region, according to consultancy Bain & Co, regularly capturing a two-fifths share implies up to $270 billion of capital could be heading Down Under in the coming years. Australia, he said, was too small and too competitive for private equity firms to make money.

Persons: It’s, Blackstone, EQT, they’re, it’ll, there’s, Brian Hong, Robyn Mak, Thomas Shum Organizations: MELBOURNE, Reuters, Rugby Australia, CVC Capital Partners, Australian Financial, Down, Brookfield Asset Management, CVC, Nine Entertainment, AusNet Services, MidOcean Energy, Origin Energy, Retirement Trust, Consumer, Sydney Airport, Bain & Co, Reserve Bank of Australia, U.S . Federal Reserve, Macquarie Capital, Thomson Locations: Asia, Australia, China, People’s Republic, Asia Pacific, Pacific

☆ The 'Bitcoin Family' has a special algorithm that tracks moon cycles — and it's helped them gain 50% since the bear market bottom
▼ + stars: | 2023-07-11 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

Didi Taihuttu in Lagos, Portugal MacKenzie SigalosTaihuttu's indicator considers a mix of inputs, including directional trading data and moon cycles. Moving Average Convergence Divergence (MACD) compares two moving averages of a cryptocurrency's price by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the Death Cross , signaling a bear market may be imminent. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the , signaling a bear market may be imminent. Price chart showing the 'Didi BAM BAM' market indicator Didi TaihuttuAnd then there are the intangible price influencers — like moon phases.

Persons: Thailand Didi Taihuttu LAGOS, Didi Taihuttu, Portugal MacKenzie Sigalos Taihuttu's, Bitcoin, Taihuttu, DAI —, Didi, Portugal MacKenzie, Portugal —, Portugal Didi Taihuttu, Mayer, It's, Price, —, I'm, Didi Bam Bam, Thailand Didi, ChatGPT, Goldman Sachs, Marco Argenti, Goldman, Louisa, David Solomon, Morgan Stanley, Morgan, Jeff McMillan, — CNBC's Ryan Browne Organizations: CNBC, Didi BAM, BAM, Bollinger Bands, Bollinger, Lightning Networks Locations: Phuket, Thailand, PORTUGAL, Lagos, Algarve, Taihuttu, bitcoin, Portugal, cryptocurrency, ChatGPT

☆ Brookfield to buy annuities provider American Equity in $4.3 bln deal
▼ + stars: | 2023-07-05 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com time to read: +2 min

July 5 (Reuters) - Canadian investment firm Brookfield (BN.TO) on Wednesday agreed to buy the remaining stake in American Equity Investment Life Holding (AEL.N) that it did not already own, valuing the long-sought-after annuities provider at $4.3 billion. It represents a 35% premium to AEL's last closing price on the New York Stock Exchange before media reports of a possible takeover bid from Brookfield emerged. The deal consists of $38.85 in cash and the rest in shares of Brookfield Asset Management's (BAM.TO). AEL shares had touched a record-high of $53.68 when the bid was announced on June 27 and have been trading around the same levels. If the deal is terminated, AEL has agreed to pay Brookfield Reinsurance a termination fee of $102 million.

Persons: Jon Bayer, Manya Saini, Nivedita Bhattacharjee, Arun Koyyur Organizations: Equity Investment Life, AEL, Elliott Investment Management, Prosperity, Brookfield, New York Stock Exchange, Brookfield Asset, FIA, Athene, Massachusetts Mutual Life Insurance, Thomson Locations: Brookfield, Athene Holding, Bengaluru

CORPORATE DROPBOXESFTA, GoAnywhere MFT, and MOVEit Transfer are corporate versions of file sharing programs consumers use all the time, like Dropbox or WeTransfer. MFT software often promises the ability to automate the movement of data, transfer documents at scale and provide fine-grained control over who can access what. MFT PROGRAMS CAN BE TEMPTING TARGETSRunning an extortion operation against a well-defended corporation is reasonably difficult, said Recorded Future analyst Allan Liska. "If you can get to one of these file transfer points, all the data is right there. HACKER TACTICS ARE SHIFTINGScooping up data that way is becoming an increasingly important part of the way hackers operate.

Persons: Ransom, GoAnywhere MFT, James Lewis, WeTransfer, Allan Liska, Bam, Liska, Joe Slowik, Huntress, Raphael Satter, Grant McCool Organizations: Software, GoAnywhere, Thomson

Employees in Binance.US' legal, compliance and risk departments were among those dismissed, the people told Reuters, requesting anonymity because the matter is private. The SEC also sued Binance.US' operating company, BAM Trading, alleging that it misled investors about "non-existent trading" controls over its platform. A day later, the SEC asked a federal court to freeze Binance.US' assets, including more than $2.2 billion held in crypto and some $377 million in U.S. dollar bank accounts. Two Binance.US employees said on LinkedIn on Wednesday they were leaving the company, with one citing a "round of layoffs." Reporting by Angus Berwick and Tom Wilson; edited by Elisa Martinuzzi and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Binance, Changpeng Zhao, Binance.US, Angus Berwick, Tom Wilson, Elisa Martinuzzi, Richard Chang Organizations: U.S, Reuters, SEC, BAM, LinkedIn, Thomson

The SEC also sued Binance.US' operating company, BAM Trading, alleging that it misled investors about "non-existent trading" controls over its platform. A day later, the SEC asked a federal court to freeze Binance.US' assets, including more than $2.2 billion held in crypto and some $377 million in U.S. dollar bank accounts. 'ROUND OF LAYOFFS'Two Binance.US employees said on LinkedIn on Wednesday they were leaving the company, with one citing a "round of layoffs." Binance.US had avoided layoffs over the past year, Shroder wrote in the message. In a court filing on Monday, Binance.US' operator, BAM Trading, said the SEC's asset freeze request would "effectively put BAM out of business."

Persons: Binance, Changpeng Zhao, Binance.US, Brian Shroder, Shroder, Angus Berwick, Tom Wilson, Elisa Martinuzzi, Richard Chang, Louise Heavens Organizations: U.S, Reuters, SEC, BAM, Management, LinkedIn, Thomson

☆ Denver Nuggets beat Miami Heat to win first NBA title
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

[1/2] Jun 12, 2023; Denver, Colorado, USA; Denver Nuggets center Nikola Jokic (15) battles for a rebound against Miami Heat forward Jimmy Butler (22) and center Bam Adebayo (13) during the third quarter of game five of the 2023 NBA Finals at Ball Arena. Mandatory Credit: Isaiah J. Downing-USA TODAY SportsJune 12 (Reuters) - Led by 28 points from Nikola Jokic, the Denver Nuggets beat the Miami Heat 94-89 on Monday to bring a first NBA title to Mile High City. With a raucous capacity crowd packed into Ball Arena ready to celebrate, the Nuggets ended a 47-year championship wait by taking the best-of-seven series 4-1. Of the 36 teams that have fallen behind 3-1 in an NBA Finals only one, the 2016 Cleveland Cavaliers, came back to claim the Larry O’Brien Championship Trophy. Making the task even more daunting, Ball Arena has been a virtual fortress for the Nuggets, who were 9-1 at home during the postseason.

Persons: Nikola Jokic, Jimmy Butler, Bam Adebayo, Isaiah J, Downing, Jokic, Michael Porter Jr, Larry O’Brien, Steve Keating, Christian Schmollinger Organizations: Denver Nuggets, Miami Heat, Ball, USA, NBA, Nuggets, Milwaukee Bucks, Milwaukee Bucks , New York Knicks, Boston Celtics, Cleveland Cavaliers, Thomson Locations: Denver , Colorado, USA, High City, Serbian, Milwaukee Bucks ,, Miami, Toronto

☆ NBA: Finals-Denver Nuggets at Miami Heat
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +5 min

[1/5] Jun 7, 2023; Miami, Florida, USA; Denver Nuggets center Nikola Jokic (15) shoots the ball over Miami Heat guard Max Strus (31) during the third quarter in game three of the 2023 NBA Finals at Kaseya Center. Mandatory Credit: Jim Rassol-USA TODAY SportsJune 9 - The Denver Nuggets stand two victories away from their first NBA title, and their top two players are coming off historic performances. But the Nuggets remember their Game 2 home loss and know they will need to deliver a supreme effort on Friday night when they visit the Miami Heat in Game 4 of the NBA Finals. Denver holds a 2-1 edge in the best-of-seven series and is setting out to win back-to-back games in Miami. --The Nuggets have won eight of their past nine games against the Heat and have covered the spread in four consecutive road games.

Persons: Nikola Jokic, Max Strus, Jim Rassol, Jamal Murray, Jokic, Hall, Wilt Chamberlain, Kareem Abdul, Jabbar, Murray, Jeff Green, Jamal, Bam Adebayo, Adebayo, Tyler Herro, Erik Spoelstra, Herro, Jimmy Butler Organizations: Denver Nuggets, Miami Heat, Kaseya Center, NBA, Nuggets, Denver, Hall of Fame, Milwaukee Bucks, Miami, Boston Celtics, Eastern Conference, Thomson Locations: Miami , Florida, USA, Miami, BetMGM, BetRivers, Jokic, Denver

☆ Heat running out of time to find answer to Jokic
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] Jun 7, 2023; Miami, Florida, USA; Denver Nuggets center Nikola Jokic (15) dribbles the ball against Miami Heat center Bam Adebayo (13) during the third quarter in game three of the 2023 NBA Finals at Kaseya Center. Jokic had 32 points, 21 rebounds and 10 assists in the Nuggets' 109-94 victory on Wednesday that put them 2-1 up in the best-of-seven series. Denver bullied Miami on their home floor, out-rebounding the Heat 58-33 and outscoring them 60-34 in the paint. "Biggest thing is just read and react," Adebayo told reporters on Thursday. Jokic said he looks at the variety of defenses the Heat throw at him as a puzzle.

Persons: Nikola Jokic, Bam Adebayo, Sam Navarro, Jokic, Adebayo, Jamal Murray, Murray, they've, Rory Carroll, Peter Rutherford Organizations: Denver Nuggets, Miami Heat, Kaseya Center, USA, NBA, Nuggets, Denver, Miami, Bucks, Knicks, Celtics, Thomson Locations: Miami , Florida, USA, Denver, Miami, Los Angeles

☆ Brookfield buys payments firm Network International for $2.76 bln
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +2 min

June 9 (Reuters) - Canada's Brookfield Asset Management (BAM.TO) said on Friday it would buy payments provider Network International (NETW.L) for 2.2 billion pounds ($2.76 billion) in cash, as it expands its payments business in the Middle East and Africa. The Canadian firm said Network directors intended to unanimously recommend that shareholders vote in favour of the deal. Brookfield, which has over $5 billion in assets under management in the Middle East, last year bought a 60% stake in Magnati, the payments business of First Abu Dhabi Bank (FAB.AD). The investment firm said the deal would be financed by a combination of equity investment, as part of which Brookfield Business Partners expects to invest up to about $150 million. Network International, whose top investors include Capital Research and Mastercard UK, listed in London in April 2019 at an initial public offering price of 435 pence a share.

Persons: Brookfield, Aby Jose Koilparambil, Eva Mathews, Nivedita Bhattacharjee, Jason Neely Organizations: Brookfield Asset Management, Network, United, Capital, Francisco Partners, Brookfield, Abu Dhabi Bank, Brookfield Business Partners, Network International, Capital Research, Mastercard, Thomson Locations: Brookfield, East, Africa, United Arab Emirates, Magnati, London, Bengaluru

If your local TV provider isn't simulcasting the game, you can still watch Nuggets vs. Heat game 4 using the live TV streaming services we recommend above. ET ABC, ESPN3 Game 4, Denver Nuggets at Miami Heat June 9, 8:30 p.m. ET ABC, ESPN3 Game 5, Miami Heat at Denver Nuggets June 12, 8:30 p.m. ET ABC, ESPN3 Game 6, Denver Nuggets at Miami Heat (if necessary) June 15, 8:30 p.m. ET ABC, ESPN3 Game 7, Miami Heat at Denver Nuggets (if necessary) June 18, 8 p.m.

Persons: Jimmy Butler, Bam Adebayo, Nikola Jokic, you've, that's, We've, ExpressVPN Organizations: Miami Heat, Denver Nuggets, Nuggets, ABC, ESPN3, Sling, Denver, NBA, ESPN, Hulu, Watch Nuggets, Denver Nuggets Denver, Miami, Denver Nuggets Miami, Miami Heat Denver Locations: United States

☆ Brookfield gets some M&A help from Gulf friends
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 9 (Reuters Breakingviews) - Brookfield Asset Management (BAM.TO) has won its payments race. The Canadian investment group’s 2.2 billion pound bid for London-listed payments provider Network International (NETW.L) was enough to see off a rival pitch from CVC and Francisco Partners. They’ve also endorsed a plan to merge Dubai-based Network International with domestic peer Magnati, a former unit of FAB. If Network International alone can grow revenues at a 15% annual clip and reach a margin of 44% from the current 41%, EBITDA could hit $388 million by 2028. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Brookfield, They’ve, EBITDA, Pamela Barbaglia, Xavier Niel, George Hay, Streisand Neto Organizations: Reuters, Brookfield Asset Management, London, Network, Francisco Partners, Abu Dhabi Bank, Abu, Abu Dhabi Developmental Holding Company, FAB, ACI, Brookfield, Twitter, Thomson Locations: Abu Dhabi, Saudi, Dubai

☆ Nikola Jokic's historic effort sends Nuggets past Heat in Game 3
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +3 min

Jokic became the first player ever to log at least 30 points, 20 rebounds and 10 assists in an NBA Finals game. He made 12 of 21 shots and blocked two shots as Denver bounced back from a Game 2 home loss. Murray scored a game-high 34 points to go with 10 rebounds and 10 assists for the Nuggets, who controlled the contest. Jimmy Butler scored 28 points and Bam Adebayo added 22 points and 17 rebounds for the Heat, who trailed by as many as 21 points. Braun converted a three-point play with 8:45 left and made a floater 17 seconds later to push the Denver lead to 93-72 with 8:28 to play.

Persons: Kevin Love, Jamal Murray, Kyle Terada, Nikola Jokic, Jokic, Murray, Christian Braun, Aaron Gordon, Jimmy Butler, Bam Adebayo, Hall, Hall of Famers Wilt Chamberlain, Kareem Abdul, Jabbar, Caleb Martin, Gordon, Kentavious Caldwell, Pope, Braun, Adebayo Organizations: Miami Heat, Denver Nuggets, Kaseya Center, NBA, Denver, Nuggets, Miami, Hall of Famers, Heat, Thomson Locations: Miami , Florida, USA, Denver

[1/3] Jun 4, 2023; Denver, CO, USA; Denver Nuggets center Nikola Jokic (15) controls the ball against Miami Heat center Bam Adebayo (13) in the second quarter in game two of the 2023 NBA Finals at Ball Arena. Mandatory Credit: Isaiah J. Downing-USA TODAY SportsJune 6 (Reuters) - Underdog Miami's chances of overcoming the odds and beating the favored Nuggets will hinge on big man Bam Adebayo's success in containing dynamic Denver center Nikola Jokic, his teammates said on Tuesday. "Bam has been playing incredibly well this entire playoffs, for sure this series, and this one he got the toughest matchup by far on the defensive side of the ball," Heat forward Jimmy Butler told reporters on Tuesday. "Like I said, he's going to be the reason why we win a championship." "Everybody thinks basketball is always supposed to be pretty, it's supposed to be fluid," he said.

Persons: Nikola Jokic, Bam Adebayo, Isaiah J, Downing, Bam, Jimmy Butler, he's, Adebayo, Jokic, Rory Carroll, Shri Navaratnam Organizations: Denver Nuggets, Miami Heat, Ball, USA, Heat, Eastern, Knicks, Celtics, Los Angeles Lakers, NBA, Thomson Locations: Denver, USA, Miami, Los Angeles

In its 13 charges, the SEC alleged that Binance and Zhao used Merit Peak and Sigma Chain, another trading firm controlled by Zhao, to commingle corporate funds with client assets and use the monies "as they please." This put customers' assets at risk while Binance sought to "maximize" its profits, the SEC wrote in its civil complaint on Monday. "All user assets on Binance and Binance affiliate platforms, including Binance.US, are safe and secure," it said in a statement on Monday. The funds received by British Virgin Islands-based Merit Peak between 2019 and 2021 flowed from Key Vision Development Ltd, also controlled by Zhao, the SEC filing on Tuesday showed. Reuters reported last month that Key Vision and Merit Peak, along with Binance's Cayman Islands holding company, formed the core of the global crypto exchange's financial network.

Persons: Changpeng Zhao, Binance, Zhao, Guangying Chen, Chen, Tom Wilson, Jane Merriman Organizations: U.S . Securities, Exchange Commission, SEC, Sigma, British, Vision Development, Key Vision, U.S, Reuters, Vision, Binance's, Sigma Chain's, BAM, Thomson Locations: Seychelles, British Virgin Islands, Islands, Binance, United States, U.S, Singapore

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