News

Wed, 24 Apr 2019 18:49:05 GMT

Berlin avoids questions on Deutsche/Commerzbank tie-up

On Wednesday, the German Finance Ministry's spokesman declined to provide any updates on the potential merger deal between Commerzbank and Deutsche Bank, when asked whether Berlin expected the decision to be made before Friday.

Wed, 24 Apr 2019 18:32:02 GMT

Britain's USSL to acquire KCOM Group

Universities Superannuation Scheme Ltd, the British pension fund, announced on Wednesday that its Humber Bidco subsidiary would acquire the telecommunications firm KCOM Group in a deal worth $652.48M.

Wed, 24 Apr 2019 18:26:52 GMT

PE firm puts ASK Chemicals up for sale

The foundry chemicals group ASK Chemicals was put up for a sale by the buyout group Rhone Capital for about $559M due to a dealmaking flurry in the sector of chemicals, sources reported.

Wed, 24 Apr 2019 17:27:26 GMT

Amundi, Allianz explore tie-ups with DWS

Amundi and Allianz are exploring to make rival bids for a merge their asset management divisions with Deutsche Bank's unit DWS on the back of the potential Deutsche's tie-up with Commerzbank.

Wed, 24 Apr 2019 17:07:48 GMT

Shell considers BP stake buy in North Sea field

Royal Dutch Shell has entered talks to acquire BP's 27.5% stake in the UK North Sea gas and oil field in a potential deal valued at about $250M, three sources reported to Reuters.

Wed, 24 Apr 2019 16:32:21 GMT

Goldman considers restructured Turkish loans takeovers

Goldman Sachs has entered talks with the Turkish companies and lenders to acquire distressed Turkish loans, after the recent corporate restructuring wave in the country, Reuters reported on Wednesday.

Wed, 24 Apr 2019 16:23:48 GMT

Ford Motor to invest $500M in Rivian

On Wednesday, Ford Motor announced it would make a $500M investment in the US electric vehicle start-up Rivian Automotive, joining Amazon.com in supporting the potential competitor to Tesla Inc.

Wed, 24 Apr 2019 15:29:22 GMT

Occidental makes higher bid for Anadarko

Occidental Petroleum Corp, the gas and oil producer, has made a $57B takeover bid for Anadarko Petroleum Corp, topping the earlier proposed deal by Chevron Corp worth $50B.

Wed, 24 Apr 2019 15:25:47 GMT

Related to acquire AT&T's WarnerMedia HQs

Developer Related Companies stated it affiliate had agreed to acquire AT&T's WarnerMedia global headquarters located in Manhattan in the NYC's most expensive deal worth around $2.2B.

Wed, 24 Apr 2019 14:37:17 GMT

Brazil's Cielo rolls out instant payments

Brazil's Cielo CEO Paulo Caffarelli announced the card processor had launched instant payments and free card-reader machines for its clients after the recent moves by its rivals.

Wed, 24 Apr 2019 14:26:20 GMT

Scotland seeks for independence by May 2021

Nicola Sturgeon, the Scottish First Minister, stated on Wednesday Scotland would try to conduct its independence referendum before May 2021, when the country's current parliamentary term ended.

Wed, 24 Apr 2019 13:33:26 GMT

Chainalysis extends tracking service to ten cryptos

The US compliance start-up Chainalysis expanded its real-time tracking service to ten cryptocurrencies amid its intention to reduce the anti-money laundering activities globally.

Wed, 24 Apr 2019 13:09:49 GMT

AT&T abandons Q1 revenue forecasts

On Wednesday, AT&T missed analysts' expectations for its Q1 revenue results, tumbled by the sluggish sales in the WarnerMedia arm and the company's wireless business, after it had trimmed prices to lure customers.

Wed, 24 Apr 2019 12:38:17 GMT

Boeing misses 2019 estimates amid 737 groundings

Boeing reported its revenue and cashflow missed Wall Street's Q1 estimates, while also suspending the 2019 forecast, as the planemaker is still suffering from the 73 MAX jets groundings.

Wed, 24 Apr 2019 11:17:19 GMT

Japan's minister to meet US Treasury Secretary

Taro Aso, Japan's Finance Minister, is set to hold a meeting with Steven Mnuchin, the US Treasury Secretary scheduled for Thursday in Washington, according to the Japanese ministry's statement.

Wed, 24 Apr 2019 11:11:33 GMT

Credit Suisse raises profit on equity trading gains

On Wednesday, Credit Suisse has set a positive forecast for the Q2 European bank results, raising its net profit to 749M Swiss francs with surprise gains in its equities and deeper relations between private banking and trading.

Wed, 24 Apr 2019 09:55:17 GMT

Kim makes his first official visit to Russia

On Wednesday, Kim Jong Un, the leader North Korea, arrived in Russia for a summit with the Russian President Vladimir Putin.

Wed, 24 Apr 2019 09:52:55 GMT

Global equity markets decline on Wednesday

On Wednesday, global equity markets edged lower, as signs showed that China has paused its broader stimulus program.

Wed, 24 Apr 2019 09:37:07 GMT

ING bank open for foreign takeover

ING Groep's CEO Ralph Hamers said to shareholders the Dutch bank was ready for a cross-border takeover deal under some circumstances, following reports about ING's interest in buying Commerzbank in case the merger with Deutsche Bank failed.

Wed, 24 Apr 2019 09:30:50 GMT

Deutsche Bahn asks suitors to make bids by May

Deutsche Bahn, the German railway operator, has called on potential suitors of the British arm Arriva to express the asset interest by May 3, the Financial Times reported on Wednesday.

Wed, 24 Apr 2019 08:26:11 GMT

PAI makes €1.54B offer for Elior's Areas arm

Elior, the French catering group, received a €1.54B proposal from the private equity company PAI Partners for Elior's "Areas" concession catering arm, as it had put its non-core assets up for a sale to boost performance.

Wed, 24 Apr 2019 07:40:01 GMT

Sberbank makes investment in Russia's Rambler

Russia's Sberbank signed an agreement to acquire a 46.5% stake in the media firm Rambler Group, the lender announced on Tuesday not disclosing the financial terms of the deal.

Wed, 24 Apr 2019 06:37:58 GMT

UBS, Deutsche Bank enter merger talks

Switzerland's bank UBS Group and the asset management divisions of Deutsche Bank have entered merger talks, according to the Financial Times, considering to combine their asset management potentially worth over $1.57 trillion.

Wed, 24 Apr 2019 06:35:00 GMT

Japan's SoftBank to take 5.6% of Wirecard

Japan's Softbank Group is set to acquire a 5.6% stake in the German payments firm Wirecard by taking convertible bonds valued at about $1.01B, Wirecard stated on Wednesday.

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