Freenet still opposes Sunrise’s 6.3 billion Swiss franc ($6.32 billion) deal to buy Liberty Global’s Swiss business, despite a new offer from the American seller to take part in the acquisition.
A global index of stock markets slipped on Monday as signs of progress in the China-U.S. trade dispute drew mixed a reaction from investors, with some cautioning over a lack of detail in the initial stages of the agreement. Stock markets in Asia cheered U.S. President Donald Trump’s outlining the first phase of an agreement to end a trade war with China and suspending a threatened tariff hike, but European shares slipped. Germany’s DAX, dominated by companies exposed to China, slipped 0.5%. …read more […]
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(Bloomberg) — Catalan separatists who tried to break away from Spain in 2017 were handed jail sentences of up to 13 years by the Supreme Court in Madrid in an unprecedented ruling that marks a watershed in relations with the troubled region.Former Catalan Vice President Oriol Junqueras was handed the stiffest sentence while eight other activists were given jail terms of between nine and 12 years for their part in an illegal referendum that triggered a month of unrest that shook the Spanish state in 2017, according to a statement from the court in Madrid. Carles Puigdemont, the regional leader …read more […]
Turkey’s lira slipped 0.6% on Monday after U.S. President Donald Trump warned of “powerful” sanctions over the country’s offensive into Syria, a somewhat muted response that analysts said reflected doubt that the White House would act. The currency, which suffered a crisis last year that knocked Turkey’s economy into recession, has fallen nearly 12% so far this year and 4.8% this month alone as Ankara and Syrian allies attacked Kurdish-led forces in northeastern Syria. The intervention, now in its sixth day, has drawn international condemnation including calls for a broader European Union arms embargo and, in Washington, Trump’s …read more […]
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China is still a long way from forking out $50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles.
The World Trade Organization (WTO) formally authorized the United States on Monday to impose tariffs on up to $7.5 billion of imports of EU goods after a decision earlier this month by a WTO arbitrator over subsidies to planemaker Airbus .
Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over a U.S.-Sino thaw that helped to lift crude markets by 2% at the end of last week.
(Bloomberg) — European stocks dropped, U.S. equity futures edged higher and Asian shares rose broadly as investors weighed signs of progress in U.S.-China trade negotiations. European bonds advanced.Energy and banking shares led Monday’s decline in the Stoxx Europe 600 index declined after the gauge jumped the most since January on Friday. Equities climbed from Sydney to Hong Kong, helping sustain a rally in emerging-market assets, after President Donald Trump said the two sides agreed to the outlines of a partial deal that could be signed as early as next month. S&P 500 futures ticked higher after the U.S. equities gauge …read more […]
(Bloomberg) — Private equity firm Thoma Bravo agreed to buy Sophos Group Plc for $3.8 billion, potentially adding another U.K. tech firm to a list of those bought by overseas investors.Thoma Bravo offered $7.40 in cash for each share of the cybersecurity firm, or 583 pence per share, a premium of 37.1% to the closing price at the end of trading Friday, according to a statement Monday.The offer values Sophos at $3.8 billion, making it one of the largest take-private U.K. tech deals in recent years. The Sophos directors intend to recommend in favor of the deal. Shares of the …read more […]
(Bloomberg) — Neste Oyj, Finland’s biggest oil refiner and maker of renewable fuels, said it’s experiencing extensive failures in multiple IT systems.The issue is affecting terminals in Finland and the Baltics and causing delays in product distribution, the Espoo, Finland-based company said on Monday. Neste shares were down as much as 5% on the news.It’s not yet clear whether the cause is a malfunction or a cyber attack, according to spokeswoman Susanna Sieppi. The issue is under investigation, and it’s too early to estimate when the systems will be fixed, she said by phone.Neste is “probably not alone” in experiencing …read more […]
Emirates doubts it will receive any of the 115 Boeing 777-9s it has ordered next year, its president said on Monday, as the U.S. planemaker grapples with challenges in building the jet.
Volkswagen does not expect the shift in production toward electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, Chief Executive Herbert Diess said in a newspaper report on Monday.
Clothing and furnishing retailer Laura Ashley Holdings Plc said on Monday it had named Sagar Mavani as its chief financial officer, replacing Seán Anglim who has been with the company since 1998. Mavani’s appointment comes at a time when the company is struggling with poor performance in its home furnishings business and a decline in online sales. The company swung to a full-year pretax loss of almost 10 million pounds ($12.57 million) earlier this year. Anglim, w
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