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Updated: 4 years 21 weeks ago
Carlyle's Africa dealmakers leave to start their own buyout firm
Four dealmakers responsible for Carlyle
Group Inc's Sub-Saharan Africa Fund are leaving to launch
their own firm, Carlyle said on Wednesday, in the latest private
equity retreat from the continent.
Categories: Business News
GLOBAL MARKETS-Stocks, euro rise on massive EU stimulus plan
World shares surged on
Wednesday as reports of a European Union rescue fund helped
offset concerns about unrest in Hong Kong over Beijing's
proposed national security laws.
Categories: Business News
AT&T launches HBO Max, vying with Netflix, others for quarantine viewing
AT&T’s WarnerMedia division launches its
HBO Max streaming service on Wednesday, taking on Netflix,
Disney and Amazon at a time when coronavirus lockdowns have
boosted demand for streaming even as rising unemployment has cut
disposable incomes.
Categories: Business News
NASA set to resume human spaceflight from U.S. soil with historic SpaceX launch
SpaceX, the private
rocket company of billionaire entrepreneur Elon Musk, was set to
launch two Americans into orbit on Wednesday from Florida on a
mission that would mark the first spaceflight of NASA astronauts
from U.S. soil in nine years.
Categories: Business News
UPDATE 4-Hong Kong lines up MSCI derivatives launch amid doubts on city's future
Categories: Business News
Bank of Montreal profit slumps as credit losses loom
Bank of Montreal reported a drop
of more than 50% in quarterly profit on Wednesday as it set
aside more money to cover potential loan losses from the
coronavirus pandemic.
Categories: Business News
UPDATE 2-Renault and Nissan rule out merger as they unveil survival plan
Renault, Nissan
Motor Co and Mitsubishi Motors Corp ruled out
a merger on Wednesday and instead said they would cooperate more
closely on vehicle development to slash costs and salvage their
troubled alliance.
Categories: Business News
Hong Kong stocks fall on fresh protests, rising Sino-U.S. tensions
Hong Kong stocks fell on Wednesday due to
fresh anti-government protests and rising tensions between China
and the United States.
Categories: Business News
TIMELINE-Key events in Huawei CFO Meng Wanzhou's extradition case
A Canadian judge will rule
Wednesday on a key aspect of Huawei Technologies Co Ltd's Chief
Financial Officer Meng Wanzhou's extradition to the
United States. The judge will rule on double criminality,
meaning whether the charges against Meng were illegal in both
Canada and the United States at the time of her December 2018
arrest.
Categories: Business News
Huawei Meng's U.S. extradition case hinges on key ruling in Canada on Wednesday
A Canadian judge will
rule Wednesday on a key aspect of Huawei Technologies Chief
Financial Officer Meng Wanzhou's extradition to the United
States, with a favourable judgment seen as paving the way for
the release of the Chinese executive after 18 months of house
arrest.
Categories: Business News
EXPLAINER-What happens next in Huawei CFO's U.S. extradition case
A Canadian judge will rule
Wednesday on a key aspect of Huawei Technologies Co Ltd's
Chief Financial Officer Meng Wanzhou's extradition to
the United States. The judge will rule on double criminality,
meaning whether the charges against Meng were illegal in both
Canada and the United States at the time of her December 2018
arrest.
Categories: Business News
Antibody drug tech firm AbCellera raises $105 million as it works on COVID-19
Canadian drug discovery technology
company AbCellera, which analyzes and identifies antibodies for
pharmaceutical companies working on a coronavirus treatment and
other medicines, said on Wednesday it had raised $105 million in
funds.
Categories: Business News
UPDATE 1-Banks, automakers drive European stocks higher, EU recovery plan awaited
Categories: Business News
Ryanair CEO reports surge in holiday bookings, sees UK dropping quarantine
Ryanair expects Britain
to join other European countries in dropping COVID-19 quarantine
plans in the coming weeks, chief executive Michael O'Leary said
in an interview on Wednesday as he reported a "big surge" in
holiday bookings from the country.
Categories: Business News
TIMELINE-From boom to bottom: Renault and Nissan bet on deeper cooperation
Renault SA, Nissan Motor Co
and Mitsubishi Motors have no plans to merge and will
instead focus on a new production sharing plan to cut costs and
improve efficiency, Chairman Jean-Dominique Senard said on
Wednesday.
Categories: Business News
Turkish Airlines may delay delivery of Airbus, Boeing planes -report
Turkish Airlines,
which halted nearly all of its passenger flights as a result of
the coronavirus crisis, may delay the delivery of some Boeing
and Airbus planes, its chairman was quoted as
saying on Wednesday.
Categories: Business News
GLOBAL MARKETS-Hong Kong unrest worries curb global shares rally
Unrest in Hong Kong over
Beijing's proposed national security laws weighed on global
shares and oil prices on Wednesday, offsetting optimism about
the re-opening of the world economy.
Categories: Business News
UPDATE 1-CATL explores new EV battery services, to add capacity - chairman
China's top electric vehicle
(EV) battery maker Contemporary Amperex Technology Ltd (CATL)
is exploring new battery-related services and will
expand manufacturing capacity in the next two years, its
chairman told Reuters.
Categories: Business News
Tencent seeks $6 bln in bond sale as protests hit Hong Kong
Chinese technology giant
Tencent kicked off its offer of bonds worth up to $6
billion in Hong Kong on Wednesday, launching the sale even as
riot police fired pepper spray to disperse protesters in the
city's central business district.
Categories: Business News