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Business

  • 02.02.2021
  • 91
  • www.cnbc.com
Private jet company Wheels Up to go public with $ 2 billion SPAC deal that could help it open up new markets

Merger with Aspirational Wheels Up acquires a luxury marketing and expansion partner overseas. The deal is worth more than $ 2 billion, more than double its 2019 estimate.

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  • 21.01.2021
  • 74
  • Reuters.com
Volkswagen faces EU penalties for failing to meet 2020 emission targets

Volkswagen faces more than € 100 million ($ 121 million) fines for failing to meet the EU's 2020 carbon dioxide (CO2) emissions targets for its passenger car fleet, the world's largest car m...

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  • 21.01.2021
  • 78
  • Reuters.com
Nuveen Asset Manager Withdraws From Sanction-Affected Chinese Companies

Nuveen, TIAA's $ 1.1 Trillion Asset Management Division, Has Done Its Assets In Chinese Companies That Will Be Closed To US Investors Due To Recent Sanctions

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  • 08.01.2021
  • 77
  • Bloomberg.com
Canadian banks face a conundrum: how to use a $ 55.5 billion spare

As of October 31, Canada's six largest banks had C $ 70.4 billion ($ 55.5 billion) more Tier 1 equity capital than regulators required. Capital CET1 is a pantry of securities designed to ser...

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  • 08.01.2021
  • 96
  • Reuters.com
Commerzbank's new CEO raises its reserves for risks from the coronavirus pandemic to at least € 1.7 billion

FRANKFURT (Reuters) - Just a week after starting operations, Commerzbank's new chief executive on Friday wrote off € 1.5 billion ($ 1.84 billion) of goodwill from a German bank and raised pr...

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  • 03.01.2021
  • 108
  • Reuters.com
OPEC ready to regulate oil production growth - Barkindo

LONDON / MOSCOW (Reuters) - OPEC and its allies, led by Russia, are ready to adjust their plans to gradually increase oil production by 2 million barrels per day in the coming months, depend...

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  • 22.12.2020
  • 113
  • businessbuysale.com
Tesla will enter the S&P 500 index, regardless of criticism

Tesla will join the US benchmark S&P 500 on Monday, giving millions of investors a stake in the electric vehicle maker.

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  • 08.12.2020
  • 138
  • Reuters.com
Apple may block apps that don't comply with new privacy feature

Apple on Tuesday threatened to remove apps from its widely used App Store if they do not comply with a future private feature that allows users to block advertisers from tracking them in var...

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  • 14.10.2020
  • 133
  • businessbuysale.com
World Bank approves $ 12 billion in funding for viral vaccines and health

The $ 12 billion "package" is part of a broader World Bank package of up to $ 160 billion to help developing countries fight the COVID-19 pandemic, the bank said in a statement.

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  • 06.10.2020
  • 127
  • businessbuysale.com
In an effort to survive and recover, Malaysia's AirAsia X is proposing a massive restructuring plan.

AAX said it faces severe constraints on financial commitments, and since no return to normalcy is foreseen, "an imminent default on contractual obligations will accelerate the airline's pote...

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  • 27.09.2020
  • 138
  • businessbuysale.com
Qatar Airways announces $1.9 billion in losses due to pandemic and boycott

Qatar Airways, reports a $1.9 billion loss of revenue over the past year, accusing the Coronavirus Pandemic of major losses, the elimination of Air Italy shares and the continuing boycott of...

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  • 31.08.2020
  • 2225
  • businessbuysale.com
Brazil's Petrobras closes $1.5 billion deal to sell stake in African joint venture

Brazil’s state-controlled oil company Petroleo Brasileiro SA said on Tuesday it had ended its activities in Africa after closing the sale of a 50% stake in Petrobras Oil & Gas BV, which hold...

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  • 31.08.2020
  • 3592
  • businessbuysale.com
Anglo American likely to confirm deal to buy Sirius ahead of deadline: sources

Anglo American Plc. is likely to confirm a deal to buy fertilizer company Sirius Minerals Plc. for more than $500 million excluding debt, ahead of an early February deadline to finalise its...

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  • 31.08.2020
  • 1885
  • businessbuysale.com
Australia's Resolute to sell Ravenswood gold mine for $207 million

Resolute Mining Ltd. said on Wednesday it will sell its Ravenswood Gold mine for up to A$300 million ($207 million) to a consortium led by resource-focused private equity firm EMR Capital.

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  • 31.08.2020
  • 2046
  • businessbuysale.com
China's Cedar buys steel trading group Stemcor

Chinese commodities group Cedar Holdings has agreed to buy the Stemcor Group, one of the world’s biggest steel traders, for an undisclosed sum, Stemcor said on Tuesday.

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  • 31.08.2020
  • 2602
  • businessbuysale.com
China's Great Wall agrees to buy General Motors' India plant

Great Wall Motor has agreed to buy General Motors’ car plant in India, the companies said on Friday, as the Chinese automaker expands overseas amid slowing domestic demand.

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  • 31.08.2020
  • 3515
  • businessbuysale.com
CITIC Capital bidding for 22% McDonald's China stake: chief

Chinese private equity firm CITIC Capital is actively bidding for a 22% stake in McDonald’s Corp’s mainland China and Hong Kong businesses, its chairman and chief executive told Reuters on T...

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  • 31.08.2020
  • 3266
  • businessbuysale.com
Lebanon's Bank Audi in talks with UAE's FAB to sell Egyptian unit

Lebanon’s Bank Audi said on Thursday it was in exclusive negotations with First Abu Dhabi Bank FAB.AD to sell its Egyptian unit in a move aimed at boosting its liquidity and financial resili...

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  • 31.08.2020
  • 1959
  • businessbuysale.com
Siemens buys Indian electrification company in $296 million deal

Siemens is buying Indian electrical equipment maker C&S Electric in a 267 million euro ($296.21 million) deal, the German industrial group said on Friday.

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  • 31.08.2020
  • 2342
  • businessbuysale.com
Vodafone to sell stake in Egyptian unit to Saudi Telecom for $2.4 billion

Saudi Telecom Co., the kingdom’s biggest telecom operator, has struck a preliminary deal to buy Vodafone Group’s 55% stake in Vodafone Egypt for $2.4 billion, as it seeks growth in the Arab...

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