China’s Fosun to ‘acquire’ Brazil investment firm Rio Bravo

SHANGHAI : China’s Fosun on Saturday signed an agreement to acquire Brazil-based investment management firm Rio Bravo. According to a statement, just a day after the Chinese conglomerate announced another…

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Volkswagen executive ordered to pay back 12,500 euros for private party-report

The head of Volkswagen’s luxury unit Audi has been ordered to reimburse the car maker for the costs of a party that the car maker had initially paid for, a…

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