Business & Finance News
Canadian billionaire Lawrence Stroll will take a stake of up to 20% in luxury carmaker Aston Martin Lagonda Global Holdings, as the ailing British firm raises funds after a sales decline put pressure on its finances.
EU antitrust regulators are set to open a full-scale investigation into EssilorLuxottica’s 7.2-billion-euro bid for Dutch opticians group GrandVision , people familiar with the matter said on Friday.
Oil prices rose on Friday but were still set for a fourth consecutive weekly loss, as markets attempted to assess the economic damage of the coronavirus that has spread from China to around 20 countries, killing more than 200 people.
World share markets fought to regain their footing on Friday as investors clutched at hopes that China could contain the coronavirus, even as headlines spoke of more cases and deaths, travel bans, evacuations and factory shutdowns.
Canadian billionaire Lawrence Stroll has agreed to buy up to 20% of Aston Martin and rename his Formula One team after the 107-year-old company famed for being fictional secret agent James Bond’s car of choice.
Japan’s JTB Corporation, Japan’s biggest travel agency, is suspending all tours to China, including Hong Kong and Macao, until February 29, Kyoto news agency reported on Friday.
Kenya Airways and RwandAir said on Friday that they had suspended all flights to and from China until further notice after a virus outbreak killed more than 200 people in China and spread to 18 countries.
Oil prices rose on Friday following sharp losses this week, as the World Health Organization (WHO) came out against travel and trade restrictions in declaring a global emergency over the spread of a coronavirus that originated in China last year.
Vietnamese carrier Vietjet will suspend all flights to and from China from Feb. 1 over coronavirus concerns, the company said on Friday.
Canadian billionaire Lawrence Stroll will take a roughly 20% stake in Aston Martin for nearly 200 million pounds ($263 million) as the ailing carmaker raises funds to turn around a poor performance hit by weaker-than-expected sales.
Asian share markets fought to regain their footing on Friday as investors clutched at hopes China could contain the coronavirus, even as headlines spoke of more cases, mounting deaths, flight suspensions and production pauses at factories.
Hitachi Ltd said on Friday it would spend 531.1 billion yen ($4.84 billion) to take full control of industrial equipment unit Hitachi High-Technologies through a tender offer.
Tech and internet titans were the first to reach $1 trillion in stock market value, but the next U.S. companies that could do so are better known for their plastic.
Kenya Airways has suspended all flights to and from China until further notice amid a coronavirus outbreak that has so far killed 213 in China and spread to 18 countries.
Oil prices jumped on Friday following sharp losses this week, as the World Health Organization (WHO) came out against travel and trade restrictions in declaring a global emergency over the spread of a coronavirus that originated in China last year.
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