Posted at 08:54h
in
News
by KMFSLLP
Intesa Sanpaolo's
surprise 4.86 billion euro ($5.26 billion) bid for smaller rival
UBI Banca, announced overnight, sent Italian bank
stocks surging on Tuesday
as it kicked off a long-awaited consolidation of the sector.
...
Posted at 08:48h
in
News
by KMFSLLP
French Finance Minister Bruno
Le Maire warned Renault on Tuesday against shutting
factories in France and cutting jobs there after the carmaker
announced "no taboos" cost cuts last week.
...
Posted at 08:34h
in
News
by KMFSLLP
U.S. distressed asset
manager Oaktree Capital Management has set up a wholly owned
unit in China seeking direct access to the country's bad loan
market.
...
Posted at 08:28h
in
News
by KMFSLLP
French Finance Minister Bruno
Le Maire warned Renault on Tuesday against shutting
factories in France and cutting jobs there, after the carmaker
announced "no taboos" cost cuts last week.
...
Posted at 08:18h
in
News
by KMFSLLP
European shares dropped on Tuesday as a
revenue warning from iPhone maker Apple Inc sent
shockwaves through the tech sector, highlighting the impact of
the coronavirus outbreak on global demand and supply.
...
Posted at 08:09h
in
News
by KMFSLLP
China's blue-chip
stocks ended lower on Tuesday as Apple warned that it
was unlikely to meet its March quarter sales forecast as the
coronavirus slowed production and weakened demand in China.
...
Posted at 08:03h
in
News
by KMFSLLP
* Says on track to appoint new group CEO
(Adds investment banking restructuring comments; earnings
details)
...
Posted at 06:16h
in
News
by KMFSLLP
* 2019 profit before tax at $13.35 bln versus $20.03 bln
estimates
...
Posted at 06:09h
in
News
by KMFSLLP
The Boy Scouts of America, one of the
largest youth organizations in the United States, has filed for
Chapter 11 bankruptcy protection as it faces legal challenges
defending itself against lawsuits alleging sexual abuse.
Posted at 06:00h
in
News
by KMFSLLP
As investors crunch numbers
to determine how the coronavirus will hit China’s economy, hedge
fund manager Nathaniel Polachek has tied much of his outlook to
the fate of a ship anchored near Weihai, China.
