Business & Finance News
Volvo Cars is talking to Chinese investors as well as U.S. tech investors as the company seeks external finance for its Polestar performance electric car brand, the Swedish carmaker’s CEO said on Thursday.
BB&T Corp will buy SunTrust Banks Inc for about $28 billion in an all-stock deal, the companies said on Thursday, creating the sixth largest U.S. lender in the biggest bank deal since the 2007-2009 financial crisis.
Twitter Inc forecast first-quarter revenue below Wall Street estimates and reported a drop in users for the fourth quarter on Thursday, sending its shares down 8 percent in early trading.
Italy has denied a report it will ban China’s Huawei Technologies and ZTE Corp from playing a role in building its fifth-generation mobile phone network.
Uncertainty caused by the expansion of U.S. sanctions on Russia last year has pushed companies’ share prices lower, prompting investment bankers to suggest their clients should delist from local and international exchanges.
BB&T Corporation said on Thursday it will buy SunTrust Banks Inc for $28.24 billion in an all-stock deal, creating the sixth largest U.S. bank based on assets and deposits.
Two Democratic U.S. Senators – one of whom is a presidential candidate – renewed their calls on Thursday for a probe by the Senate banking committee into Deutsche Bank laundering allegations, according to a letter seen by Reuters.
The industry ministry denied on Thursday a newspaper report that it planned to ban China’s Huawei Technologies and ZTE Corp from participating in the roll out of Italy’s 5G infrastructure.
Travel group Thomas Cook said it was willing to sell its profitable airline business to raise cash and fund its fight back from a torrid 2018 and signs of a tough year ahead.
World shares ground to a halt on Thursday as the dollar scored its longest winning streak since a hot run in early October that helped set off a wave of global ‘bear’ markets.
U.S. shared workspace provider WeWork plans to launch in South African later this year, it said on Thursday, a move that would mark the first African expansion for the $47 billion New York-based company.
The boss of Pernod Ricard said on Thursday that the priority of the French spirits group, which is under pressure from activist investor Elliott, was to create long-term value and added he had no plans to sell its champagne assets.
Renault is investigating a sponsorship deal with the Chateau de Versailles that included a 50,000 euro ($57,000)personal benefit to former chairman Carlos Ghosn, the carmaker said on Thursday.
Travel group Thomas Cook said on Thursday it was willing to sell its airline business to raise cash and fund its fight back from a torrid 2018 and signs of a tough 2019 ahead.
Italy will ban China’s Huawei Technologies and ZTE Corp from playing a role in the roll out of the country’s 5G infrastructure, Italy’s La Stampa newspaper said on Thursday citing sources.
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