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Financial Services & Real Estate Headlines

China's Fosun nears Brazil fund purchase, source says

SAO PAULO Fosun International Ltd is in advanced talks to buy Brazilian fund manager Rio Bravo Investimentos Ltda, a source familiar with the matter said on Wednesday, in what would be the Chinese firm's first investment in Brazil.

Santander Brasil plans bid for Citigroup's Brazil unit

SAO PAULO Banco Santander Brasil SA will probably bid for Citigroup Inc's local subsidiary, as the country's largest foreign-owned lender seeks to expand into banking for wealthy clients, Chief Executive Officer Sérgio Rial said on Wednesday.

Deutsche Boerse gets shareholder approval for LSE deal

FRANKFURT Deutsche Boerse has won the necessary backing from its shareholders for the planned merger with the London Stock Exchange Group , with the German exchange operator reporting a 60.35 percent approval rate on Tuesday ahead of the 2200 GMT deadline.

Verizon sale leaves Yahoo investors betting on a stub

Yahoo Inc shareholders may be left betting on how quickly, if at all, the former web pioneer can cash in on its multi-billion dollar stakes in two Asian peers after Monday's deal to sell its core internet assets to Verizon Communications Inc.

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Bernie’s brother captures social media in tearful tribute

It's a tearful night for some Bernie Sanders supporters at this year's Democratic National Convention, as delegates from all 57 U.S. states and territories cast their votes, ensuring Secretary Hillary Clinton the Democratic presidential nomination.