Year: 2019

U.S. investment firm Fidelity Management & Research, one of the biggest investors in Britain’s Metro Bank, has cut its stake in the lender by almost a third.

…read more […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]