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  • Associated Press Finance

    Singapore says dredger that hit tanker reported sudden loss of control, oil spill cleanup ongoing

    Singapore authorities said Monday a dredger boat reported a sudden loss in engine and steering control that led it to hit a stationary cargo tanker, causing an oil spill that has blackened part of the city-island's southern shores. The Netherlands-flagged dredger Vox Maxima struck the Singaporean fuel supply ship Marine Honor on Friday. It ruptured one of the cargo tanks on the Marine Honor, which leaked low-sulfur oil into the sea.

  • Bloomberg

    Oil Steadies After Weekly Gain as Traders Weigh Mixed China Data

    (Bloomberg) -- Oil was steady after its biggest weekly advance since early April as traders weighed a raft of data from China that showed industrial expansion slowed last month, while retail sales beat forecasts.Most Read from BloombergFlesh-Eating Bacteria That Can Kill in Two Days Spreads in JapanUkraine Bid for Global South Support Falters at Swiss SummitDanes Asked to Keep Supplies, Iodine Pills to Prepare for CrisesHow the US Mopped Up a Third of Global Capital Flows Since CovidSouthwest Pl

  • PR Newswire

    Fisher Investments Selects Advent International and ADIA as Strategic Partners in Minority Common Stock Investment

    Fisher Investments ("FI") announced today that Advent International ("Advent") and a wholly owned subsidiary of the Abu Dhabi Investment Authority ("ADIA") have agreed to make a minority investment in Ken Fisher's namesake firm, Fisher Investments. The investment by Advent and ADIA of at least $2.5 billion and up to $3 billion values FI at $12.75 billion. Following closing, which is expected to occur later this year, Ken Fisher will remain active in his current role as FI's Executive Chairman an