China’s foreign ministry on Wednesday urged the re-elected Canadian government to immediately release detained Huawei [HWT.UL] executive Meng Wanzhou.
China will support its firms’ purchases of Airbus planes, state news agency Xinhua said on Wednesday, citing commitments by French President Emmanuel Macron and Chinese President Xi Jinping during a meeting. Macron is to meet Xi in Beijing on Wednesday, during his trip this week to China, where he has attended a major trade fair in Shanghai. Xinhua added that the two nations agreed to work together to push forward the completion and delivery centre programme of the European planemaker’s A350 model, as well as step up Airbus’ investments in China. …read more […]
SoftBank Group Corp reported its first quarterly loss in 14 years on Wednesday, with its giant Vision Fund suffering a 970 billion yen ($8.9 billion) loss on falling valuations of top tech bets such as WeWork and Uber.
Xerox Holdings Corp is considering making a cash-and-stock offer for personal computer maker HP Inc at a premium to its market value of about $27 billion, the Wall Street Journal reported on Tuesday.
The United States’ top market cop is slowly taking the shackles off corporations.
Under the Trump administration, the Securities and Exchange Commission (SEC) has taken more than two dozen measures – including trimming rules – that make life easier for corporate America, according to a Reuters analysis of SEC announcements and interviews with more than a dozen lawyers, academics and advocacy groups. [L2N26V0LM]
(Bloomberg Opinion) — Like expensive gems, luxury goods companies have scarcity value. If Bernard Arnault’s LVMH Moet Hennessy Louis Vuitton SE is allowed to get its hands on Tiffany & Co., the American jeweler is unlikely to come up for sale again. That’s something LVMH’s biggest rivals, Kering SA and Cie Financiere Richemont SA, might want to consider carefully.Financially they could both afford to make counterbids for Tiffany. An offer from either Cartier-owning Richemont or Gucci-owning Kering at the $120 per share price proposed by Arnault would lift their net debt to about 2.5 times Ebitda. That’s not too much …read more […]
SoftBank Group Corp plunged on Wednesday to a quarterly loss that was far larger than analysts’ estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber Technologies.
Asian shares fell on Wednesday for the first time in four trading sessions as investors awaited new developments that might scale back a bruising trade war between the United States and China.
Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of ElringKlinger AG… …read more […]
How did a piece of piping installed when Richard Nixon was U.S. president go without once being checked before leading to a fire that devastated the East Coast’s largest and oldest oil refinery?
The Chinese government has decided not to eliminate the cryptocurrency mining industry from the country in a new final plan. The National Development and Reform Commission (NDRC) of China, a central government agency in charge of formulating macroeconomic policies, has today published a final “Industrial Structure Adjustment Guidance Catalog” – a list of those industries […]The post China decides to not eliminate crypto mining industry in a new final plan appeared first on The Block. …read more […]
(Bloomberg) — Equity bulls had been eyeing Walgreens Boots Alliance Inc. just before news broke Tuesday that the company is considering going private.Trading of bullish options surged to a level not seen in two years Monday, amid the biggest two-day gain in the stock since 2014, data compiled by Bloomberg show. Calls betting that the shares would advance to at least $61 were the most traded — they’ve been below that price since April.Walgreens Boots climbed for a third day Tuesday, closing at $61.21, as people familiar with the matter said the retail pharmacy recently held informal talks with private-equity …read more […]
International Business Machines Corp said on Wednesday that it has built financial services-specific cloud technology in collaboration with Bank of America Corp , which will be the first major bank to use the platform.
(Bloomberg) — Xerox Holdings Corp. is considering a cash-stock offer for the $27 billion PC giant HP Inc., the Wall Street Journal reported, a deal that could combine two of the biggest American names in office hardware.Xerox’s board met Tuesday to deliberate a deal that could result in $2 billion of annual cost savings, the newspaper cited unidentified people as saying. While there’s no guarantee the company will follow through, any offer would value HP at a premium to its market value, the Journal reported. Representatives for the companies weren’t immediately available for comment after regular business hours.Xerox, which a …read more […]
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