Third Point acquires American Express stake

Source: Dukascopy Bank SA
Third Point owned by the activist investor Daniel Loeb acquired another stake in American Express, expecting the company's shares to trade above $135 within the next 18 months.
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Sun, 11 Nov 2018 18:11:12 GMT

Saudi Arabia plans oil supply cut in December

Saudi Arabia is planning to trim its oil supply to the world's markets in December by 0.5M barrels per day amid OPEC's uncertain prospects in efforts to convince other oil producers to agree on the coordinated output cut.

Sun, 11 Nov 2018 17:26:27 GMT

Campbell Soup proposes adding two Third Point's nominees to board

Campbell Soup has made a proposal to add two nominees of the hedge fund Third Point to the board, despite a similar offer had been rejected by an activist investor.

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