Business & Finance News
LONDON (Reuters) – Britain has sold some of its holding in Royal Bank of Scotland , the bank which it rescued in the 2008 financial crisis, but has taken a loss of more than 2 billion pounds ($2.68 billion) on the deal.
SYDNEY (Reuters) – Air traffic control strikes are more of a threat to European airlines this year than a rise in fuel prices, the chief executive of British Airways-owner IAG said on Tuesday.
TOKYO (Reuters) – Japan’s Sharp Corp said it will buy Toshiba Corp’s personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks, highlighting a swift recovery under the control of Foxconn.
SYDNEY (Reuters) – Australian authorities have charged the former local bosses of Citigroup Inc and Deutsche Bank AG with “criminal cartel offences” over a $2.3 billion stock issue, one of the country’s biggest cases of alleged white-collar crime.
LONDON (Reuters) – The British government will give its verdict on Rupert Murdoch’s pursuit of European pay-TV group Sky later on Tuesday, Sky News said.
SYDNEY (Reuters) – The chief executive of British Airways-owner IAG warned that air traffic control strikes were more of a threat to European airlines in 2018 than a rise in fuel prices.
SYDNEY (Reuters) – Australian authorities have charged the former local bosses of Citigroup Inc and Deutsche Bank AG with “criminal cartel offences” over a $2.3 billion stock issue, one of the country’s biggest cases of alleged white-collar crime.
TOKYO (Reuters) – Japan’s Sharp Corp said it will buy Toshiba Corp’s personal computer business for 4 billion yen ($36 million), highlighting its recovery under the control of Foxconn and marking a return to a business it quit eight years ago.
SYDNEY (Reuters) – A German investment company said on Tuesday it planned to sell the components of two unwanted Airbus A380 superjumbo jets, in an apparent move to send the world’s largest jetliner to the breakers yard for the first time due to slack demand.
(Reuters) – Australia’s competition regulator on Tuesday said criminal charges had been laid against Australia and New Zealand Banking Group Ltd, a local unit of Citigroup and Deutsche Bank AG relating to cartel offences over a $2.3 billion share issue.
LONDON/FRANKFURT/STOCKHOLM (Reuters) – Chinese electric vehicle giant BYD is looking at launching battery production in Europe, joining Asian rivals aiming to cash in on a green car revolution and threatening attempts by Brussels to nurture a home-grown industry.
LONDON (Reuters) – Britain’s government sold 7.7 percent of Royal Bank of Scotland shares for 2.5 billion pounds ($3.33 billion) on Tuesday, realizing a loss of more than two billion pounds on part of its investment in the lender it rescued in 2008.
LONDON (Reuters) – Britain’s government sold approximately 7.7 percent of Royal Bank of Scotland shares , the bank said in a regulatory filing on Tuesday.
TOKYO (Reuters) – Asian stocks steadied on Tuesday as investors paused for breath after the previous day’s rally, although tech-inspired Wall Street gains supported broader sentiment as focus shifted to bullish economic fundamentals, away from trade concerns.
SYDNEY (Reuters) – The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which usually move in opposite directions, represented a “double whammy” in terms of their impact on costs but that passenger demand remained strong.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
