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Home2019February

Month: February 2019

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Business News

EU medicines agency loses bid to end London lease over Brexit

February 20, 2019 admin Comments Off on EU medicines agency loses bid to end London lease over Brexit

The European Medicines Agency (EMA) has lost its bid to cancel a lease on its office in London’s Canary Wharf financial district due to Brexit, in a landmark ruling that lawyers said could stave off similar such claims by other tenants.

…read more […]

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Business News

Goldman Sachs backs U.S. construction finance tech startup Rabbet

February 20, 2019 admin Comments Off on Goldman Sachs backs U.S. construction finance tech startup Rabbet

Goldman Sachs Group Inc has backed Rabbet, a U.S. startup that develops software to help make construction finance more efficient, the companies said on Wednesday.

…read more […]

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Business News

European Medicines Agency loses bid to end London lease over Brexit

February 20, 2019 admin Comments Off on European Medicines Agency loses bid to end London lease over Brexit

The European Medicines Agency (EMA) has lost its bid to void a lease on its office in London’s Canary Wharf financial district due to Brexit, after a judge in London on Wednesday ruled in favor of property company Canary Wharf Group.

…read more […]

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Business News

Ghosn’s new lawyer, ‘the Razor’, takes aim at Nissan and prosecutors

February 20, 2019 admin Comments Off on Ghosn’s new lawyer, ‘the Razor’, takes aim at Nissan and prosecutors

Carlos Ghosn’s new lawyer took aim at Nissan, prosecutors and courts on Wednesday, dismissing the charges against the ousted chairman as an internal company matter and saying Japan was out of step with international norms by keeping his client in jail.

…read more […]

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Spotlight falls on Swedbank in Baltic money laundering scandal

February 20, 2019 admin Comments Off on Spotlight falls on Swedbank in Baltic money laundering scandal

Swedbank defended its money laundering controls after Swedish television said it had uncovered documents linking the bank to suspicious transactions with Danske in Estonia.

…read more […]

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FMC expects NxStage deal to close in next couple of days

February 20, 2019 admin Comments Off on FMC expects NxStage deal to close in next couple of days

Germany’s Fresenius Medical Care (FMC) said on Wednesday it has won the green light from U.S. regulators to acquire U.S. home dialysis equipment maker NxStage and expects the deal to close in the next few days.

…read more […]

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Sainsbury’s-Asda deal in doubt as UK regulator raises big objections

February 20, 2019 admin Comments Off on Sainsbury’s-Asda deal in doubt as UK regulator raises big objections

Britain’s competition regulator has dealt a potentially fatal blow to Sainsbury’s planned $9.5 billion takeover of Walmart’s Asda, saying it was unlikely the companies would be able to address its “extensive” concerns about the deal.

…read more […]

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U.S.-China trade hopes extend equity surge; central banks supportive

February 20, 2019 admin Comments Off on U.S.-China trade hopes extend equity surge; central banks supportive

World stocks hit a four-month high on Wednesday on hopes of progress in trade talks between the United States and China, with a dovish backdrop at major central banks also helping push markets back into the black.

…read more […]

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Microsoft says discovers hacking targeting democratic institutions in Europe

February 20, 2019 admin Comments Off on Microsoft says discovers hacking targeting democratic institutions in Europe

Microsoft Corp on Wednesday said it had discovered hacking targeting democratic institutions, think tanks and non-profit organizations in Europe and plans to offer a cyber security service to several countries to close security gaps.

…read more […]

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Saudi Aramco discussing investments in India’s Reliance Industries: CEO

February 20, 2019 admin Comments Off on Saudi Aramco discussing investments in India’s Reliance Industries: CEO

Saudi Aramco’s Chief Executive Officer Amin Nassar said on Wednesday that the company is in talks with India’s Reliance Industries Ltd for possible investments and is seeking other opportunities in the country.

…read more […]

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Governance panel opposed to Renault chairman being named Nissan head: sources

February 20, 2019 admin Comments Off on Governance panel opposed to Renault chairman being named Nissan head: sources

An external committee tasked by Nissan Motor Co to help improve corporate governance at the Japanese firm is opposed to the idea of Renault’s chairman being appointed to lead Nissan’s board, two people familiar with the matter said.

…read more […]

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Ghosn’s new lawyer says he should be released on bail

February 20, 2019 admin Comments Off on Ghosn’s new lawyer says he should be released on bail

The new lawyer for ousted Nissan Chairman Carlos Ghosn said his client should be released on bail while awaiting trial and that Japan was out of step with international norms.

…read more […]

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Swedish TV says Swedbank linked to Baltic money laundering scandal

February 20, 2019 admin Comments Off on Swedish TV says Swedbank linked to Baltic money laundering scandal

Swedish television (SVT) said on Wednesday it had uncovered documents linking Swedbank to a money laundering scandal involving Denmark’s Danske Bank.

…read more […]

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Business News

UK regulator raises big objections to Sainsbury’s-Asda deal

February 20, 2019 admin Comments Off on UK regulator raises big objections to Sainsbury’s-Asda deal

Britain’s competition regulator said on Wednesday Sainsbury’s planned $9.5 billion takeover of Walmart-owned Asda should either be blocked or require the sale of a significant number of stores, or even one of the brands.

…read more […]

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India’s top court finds Anil Ambani guilty of contempt in RCom-Ericsson case

February 20, 2019 admin Comments Off on India’s top court finds Anil Ambani guilty of contempt in RCom-Ericsson case

India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay 5.5 billion rupees ($77.29 million) to telecom equipment maker Ericsson.

…read more […]

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