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Activist investor Elliott Investment Management has built a stake of more than 10% in Norwegian Cruise Line Holdings Ltd., citing concerns about management and spending on events including a Katy Perry concert.
Billionaire hedge-fund manager John Paulson has sold his stake in Trilogy Metals Inc. after more than a decade as an investor in the Alaska-focused mining company, which recently secured US government backing.
New York City Mayor Zohran Mamdani has thrown down an ultimatum, threatening to raise property taxes by nearly 10% as a way to lobby Governor Kathy Hochul for more funding.
The Bank of Canada issued an order to temporarily stop financial technology company XTM Inc. from handling retail payments, alleging it failed to safeguard client funds and caused a “significant shortfall.”
Gold was little changed after a two-day decline, with many Asian markets offline for the Lunar New Year holiday.
Oil held a decline after positive talks between the US and Iran over the OPEC member’s nuclear program, paring crude’s risk premium.
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