On Monday, Governments are scheduled to push for an agreement to help vulnerable countries deal with global warming and compensate them for damages that have already occurred, in what is likely to be a test whether rich nations and developing… Read More ›
While reporting its third quarter results, Norwegian Air, which likes its peers has been ravaged by the coronavirus-induced COVID-19 pandemic which has brought the global travel industry to a standstill, said it is likely to run out of cash in… Read More ›
According to a report from the Financial Times, Rolls-Royce is slated to abandon its targets on deliveries, profits, cash and dividend, as airlines around the world ground their planes in the wake of the Wuhan Coronavirus outbreak. Rolls-Royce is also… Read More ›
On Wednesday night, the U.S. Federal Reserve rolled out its third emergency credit program in two days and announced that it would loan money to banks that offer as collateral assets purchased from money market mutual funds. The new loan… Read More ›
According to a source familiar with the matter at hand, France’s Alstom SA is close to clinching a deal to acquire Bombardier Inc’s train business. An announcement could come as soon as Monday, said the source while adding that the… Read More ›
On Thursday, in a move that is likely to bump up interest rates for consumers, Britain’s markets watchdog has proposed a single interest rate for cash savings products. The Financial Conduct Authority (FCA) stated, competition in cash savings products needs… Read More ›
On Saturday, in a statement BASF’s construction chemicals business stated, Lone Star, a private equity firm has entered into a deal to acquire it for $3.5 billion (3.17 billion euros) on a cash and debt-free basis. The deal, having immediate… Read More ›
Singapore’s online classifieds company Carousell merges with Norway’s Telenor in a deal valued at more than $850 million. On Thursday, in a statement, Singapore’s Carousell, an online classifieds company stated, it has agreed to a proposal to merge with a… Read More ›
The cash and stock deal will see Elanco becoming the world’s second biggest animal health company and expand its footprint in the pet e-commerce space. On Tuesday, Elanco Animal Health stated it would acquire Bayer’s veterinary drugs business in what… Read More ›
This planned sales come on top existing plans to sell non-core assets worth 2.5 billion euros by the first quarter of 2020. On Tuesday, French supermarket retailer Casino stated, it plans on cutting its debt while improving its financial performance… Read More ›
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