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Telia sells $500mn Turkcell stake

  Bloomberg Telia AB sold about $500 million worth of stock in Turkcell Iletisim Hizmetleri AS, making progress on a vow to focus on its home region as it reduces its holding in an investment tied up in a decade-long ownership feud. Stockholm-based Telia agreed to sell 155 million shares in Turkcell to institutional investors in an accelerated offering, the ...

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BlackRock’s iron grip on Europe bond ETFs defies competition

  Bloomberg Competitors to BlackRock Inc. are trying to loosen the investing giant’s stranglehold on Europe’s $153 billion bond exchange-traded fund market. They’re struggling to make much headway. The company’s market share has increased in recent years to 67 percent, data from Morningstar Inc. show, even as competitors add new funds and offer low fees. Rivals are being stymied because ...

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Canada’s Venture Exchange targets Americans for growth

  Bloomberg It’s a Canadian stock market, but the TSX Venture Exchange wants Americans to help fuel its growth. Traditionally known as a place where Canadians can buy shares of local junior miners, the exchange is branching out to other industries including technology. That’s an obvious fit for the head of the business, Brady Fletcher, who ran a tech startup ...

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