The deal comes midst a stalking horse purchase agreement. In securities filing, Barneys New York Inc, a U.S. luxury department-store chain, stated it has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank… Read More ›
The proceeds will be used to reduce the company’s debt load and help execute its five-year strategic plan. In a securities filing, Brazil’s state-run power firm stated, its board of directors has approved an extraordinary shareholders meeting to decide upon… Read More ›
It is to be seen whether this new emergency summit can lead to a breakthrough. British Prime Minister Boris Johnson’s complicated plan of placing Northern Ireland in a dual customs zone with the UK and EU will require major updates… Read More ›
Office sharing startup may opt for JPMorgan’s financing package over Japan’s SoftBank Group Corp’s offer which comes with more strings attached. According to a report from Bloomberg, WeWork prefers the option of a near $5 billion financing package led by… Read More ›
The development underscores a growing closeness between Moscow and Riyadh. In a development that underscores growing trade relations between Saudi Arabia and Russia, Kirill Dmitriev, the chief executive officer of Russian sovereign wealth fund RDIF stated, a number of Russian… Read More ›
Kuala Lumpur’s relations with New Delhi took a downward turn following Malaysian Prime Minister Mahathir Mohamad alluding to an Indian state as a separate country in the United Nations. According to a report from news wire Bernama, Malaysia’s Prime Minister… Read More ›
Earlier this year, activist investor Starboard Value had urged the company to consider a strategic review of its assets. As per a report from Bloomberg, U.S. construction and engineering firm AECOM is said to be nearing a $2.4 billion deal… Read More ›
Data from the General Administration of Customs shows a sharp increase in the import of proteins by China in the first nine months of this year. On Monday, customs data showed, China’s import of pork and beef have surged. Pork… Read More ›
ConocoPhillips is however retaining its LNG plant located in Queensland, Australia. On Monday, ConocoPhillips, a U.S. energy company stated, it has agreed to sell the bulk of its Australian assets to Santos Ltd, a rival, for $1.39 billion. The deal… Read More ›
Moscow aims to trim its exposure from to U.S. sanctions. On Sunday, in a significant development, Russian Economy Minister Maxim Oreshkin stated, Moscow is exploring alternatives to the U.S. dollar for energy transactions and is evaluating currency settlements in euros… Read More ›
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