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Home2019May

Month: May 2019

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Business News

Wirecard sees five-year profit potential of Softbank alliance at 209-273 million euros

May 10, 2019 admin Comments Off on Wirecard sees five-year profit potential of Softbank alliance at 209-273 million euros

Wirecard sees the total five-year profit potential from its alliance with Softbank Group Corp at between 209 million euros and 273 million euros ($235-$307 million), the German payments company said on Friday.

…read more […]

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Business News

Etihad interested in re-investing in India’s Jet subject to conditions

May 10, 2019 admin Comments Off on Etihad interested in re-investing in India’s Jet subject to conditions

Etihad Airways is interested in re-investing in embattled Indian carrier Jet Airways for a minority stake, subject to certain conditions, a spokesman for the Middle Eastern carrier said on Friday.

…read more […]

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Business News

Thyssenkrupp rips up failed split plan, to list elevators in fresh revamp

May 10, 2019 admin Comments Off on Thyssenkrupp rips up failed split plan, to list elevators in fresh revamp

Thyssenkrupp said it would embark on a fresh restructuring and list elevators, its most successful business, on Friday as regulatory opposition scuppered plans to hive off its steel division, unravelling a wider revamp.

…read more […]

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Business News

Cevian Capital says Thyssenkrupp needs fundamentally new direction

May 10, 2019 admin Comments Off on Cevian Capital says Thyssenkrupp needs fundamentally new direction

Activist investor Cevian Capital on Friday said Thyssenkrupp urgently needed a fundamentally new direction after the company announced abandoning plans to hive off its steel business and split up the rest of the conglomerate.

…read more […]

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Business News

Uber set to debut on NYSE, hopes to avoid Lyft’s fate

May 10, 2019 admin Comments Off on Uber set to debut on NYSE, hopes to avoid Lyft’s fate

Ride services giant Uber Technologies Inc is set to make its long-awaited stock market debut on Friday, after its initial public offering was priced at the lower end of its expected range.

…read more […]

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Danske Bank picks ex-ABN banker as CEO to rebuild trust

May 10, 2019 admin Comments Off on Danske Bank picks ex-ABN banker as CEO to rebuild trust

Danske Bank hired former ABN AMRO banker Chris Vogelzang as its new chief executive on Friday as it wrestles to limit the fallout from its involvement in one of the biggest money laundering scandals.

…read more […]

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Business News

Wall St. set to open lower on worries of protracted trade dispute

May 10, 2019 admin Comments Off on Wall St. set to open lower on worries of protracted trade dispute

Wall Street was set to open lower on Friday, as investors fretted over the possibility that the trade dispute between the United States and China may linger, even as the two sides held last-minute talks to seal a deal.

…read more […]

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Business News

Value of Canadian building permits gains 2.1% in March

May 10, 2019 admin Comments Off on Value of Canadian building permits gains 2.1% in March

The value of Canadian building permits rose 2.1% in March, driven higher by construction plans in the four Western provinces, after falling a revised 5.1% in February, Statistics Canada data showed on Friday.

…read more […]

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Business News

U.S. escalates trade war amid negotiations, China says it will hit back

May 10, 2019 admin Comments Off on U.S. escalates trade war amid negotiations, China says it will hit back

The United States escalated a tariff war with China on Friday by hiking levies on $200 billion worth of Chinese goods amid last-ditch talks to rescue a trade deal, as U.S. President Donald Trump signaled that talks could drag on beyond this week.

…read more […]

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Thyssenkrupp junks split plan after investor pressure, to list elevators

May 10, 2019 admin Comments Off on Thyssenkrupp junks split plan after investor pressure, to list elevators

Thyssenkrupp abandoned plans to hive off its steel business and split up the rest of the German conglomerate on Friday after a lengthy battle with activist investors and regulators, opting to list its elevators division instead.

…read more […]

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Business News

Trump says in ‘no rush’ to complete China trade deal

May 10, 2019 admin Comments Off on Trump says in ‘no rush’ to complete China trade deal

U.S. President Donald Trump said on Friday he was in “absolutely no rush” to finalize a trade agreement with China as U.S. negotiators from both countries prepared to continue talks in Washington, in a sign that discussions could go past this week.

…read more […]

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Business News

UK sees risk of serious damage from U.S.-China trade tensions

May 10, 2019 admin Comments Off on UK sees risk of serious damage from U.S.-China trade tensions

British finance minister Philip Hammond said on Friday he was hopeful the United States and China would step back from a potential trade war that risked causing very serious damage to Britain and the world economy.

…read more […]

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Business News

Exclusive: India orders anti-trust probe of Google for alleged Android abuse – sources

May 10, 2019 admin Comments Off on Exclusive: India orders anti-trust probe of Google for alleged Android abuse – sources

India’s antitrust watchdog has ordered an investigation into Alphabet Inc’s unit Google for alleged abuse of its popular Android mobile operating system to block rivals, two sources aware of the matter told Reuters.

…read more […]

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Business News

Viacom profit beats on lower costs, success of ‘What Men Want’

May 10, 2019 admin Comments Off on Viacom profit beats on lower costs, success of ‘What Men Want’

Viacom Inc, the owner of MTV, Comedy Central and Nickelodeon, beat quarterly profit estimates on Friday, as costs fell and its Paramount Pictures division gained from the success of its movie “What Men Want”, sending its shares up 3.5%.

…read more […]

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Uber set to debut on NYSE, under pressure to avoid Lyft debacle

May 10, 2019 admin Comments Off on Uber set to debut on NYSE, under pressure to avoid Lyft debacle

Ride services giant Uber Technologies Inc will begin life as a public company on Friday, under pressure to start trading strongly after conservatively pricing its initial public offering.

…read more […]

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