In a major financial move, UBS Group has announced the sale of its 50% stake in Swisscard to American Express, making the U.S. company the sole owner of the Swiss-based credit card provider. This strategic divestment follows UBS’s acquisition of Credit Suisse in 2023 for $3.2 billion, during which it inherited Swisscard’s stake. UBS’s decision […]
Occidental Petroleum and Ecopetrol have announced the formation of a joint venture to develop Midland Basin properties in the Permian Basin. The joint venture will speed up the development of 97,000 net acres of Occidental’s properties in the Midland Basin. To acquire a 49% stake in the joint venture, Ecopetrol will pay $750m in cash […]
