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BlackRock, investors buy $1.6 billion stake in F1 - sources

SINGAPORE/HONG KONG (Reuters) - Private equity firm CVC Capital has sold a 1.0 billion pounds ($1.6 billion) stake in Formula One to three investors including BlackRock ahead of the motor racing company's planned $3 billion initial public offering in Singapore, sources said on Tuesday.

Business

Markets extend gains on value hunt, hopes for EU summit

TOKYO (Reuters): Markets extended gains on Tuesday with investors hunting for bargains after prices reclaimed some groud off 2012 lows, as hopes grew that Europe would embark on fresh action to tackle its debt crisis while promoting growth.

Other Sport

BlackRock, investors buy $1.6 billion stake in F1 - sources

SINGAPORE/HONG KONG (Reuters) - Private equity firm CVC Capital has sold a $1.6 billion stake in Formula One to three investors including BlackRock ahead of the motor racing company's planned $3 billion initial public offering in Singapore, sources said on Tuesday.

Other Sport

Blackrock, others buy $1.6 billion stake in F1 - sources

HONG KONG/SINGAPORE (Reuters) - Private equity firm CVC Capital has sold a $1.6 billion stake in Formula One to three investors including BlackRock ahead of the motor racing company's planned $3 billion initial public offering in Singapore, sources said on Tuesday.

Other Sport

Formula One to start pre-marketing $3 billion Singapore IPO - source

HONG KONG (Reuters) - Motor racing business Formula One will start pre-marketing for its up to $3 billion Singapore initial public offering on May 22 after receiving approval from the city's stock exchange for the deal, sources with direct knowledge of the plans said on Monday.

Other Sport

Formula One to start pre-marketing $3 billion Singapore IPO - source

HONG KONG (Reuters) - Motor racing business Formula One will start pre-marketing for its up to $3 billion Singapore initial public offering on May 22 after receiving approval from the city's stock exchange for the deal, sources with direct knowledge of the plans said on Monday.

Business

US, Asian, global stocks fall amid fears for Spanish banks, growth(update)

NEW YORK: World stocks fell for a fifth day and Brent oil prices dropped 2 percent on Thursday on concerns about the health of Spain's banks and the prospect of Greece leaving the euro zone.

Business

Asia shares fall steeply on worries over Spain banks, growth

TOKYO (Reuters): Asian shares fell steeply on Friday after more signs emerged of growing instability among Spanish banks and political turmoil in Greece, with the latest sluggish economic data from the United States adding to the list of risks for investors.

Business

Asia shares plunge on worries over Spain banks, growth

TOKYO (Reuters): Asian shares tumbled on Friday and were set for their worst weekly showing since September, amid signs of growing instability among Spanish banks and political turmoil in Greece, with investors adding the latest weak U.S. data to the list of risk factors.

Business

GLOBAL MARKETS-Shares steady after sell-off, Greece fears weigh

TOKYO (Reuters): Asian shares steadied on Thursday from the previous day's sell-off, but investors found no reason to bet on risk amid deepening turmoil in Greece and fears of contagion to other stressed euro zone economies.