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February 19, 2020
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Reuters - Business

Qatar Airways spends $600 million to lift stake in BA owner to 25%

Reuters
LONDON/DUBAI (Reuters) – Qatar Airways has bought a $600 million stake in British Airways-owner IAG (ICAG.L) to increase its holding to 25.1%, strengthening its position ahead of a change in IAG management. FILE PHOTO: A Qatar Airways Boeing 787-8 Dreamliner airplane is pictured at Leonardo da Vinci-Fiumicino Airport in Rome,......
Reuters - Business

Qatar increases its stake in BA-owner IAG to 25.1%

Reuters
FILE PHOTO: A Qatar Airways Boeing 787-8 Dreamliner airplane is pictured at Leonardo da Vinci-Fiumicino Airport in Rome, Italy, March 30, 2019. REUTERS/Alberto Lingria LONDON (Reuters) – Qatar Airways Group said on Wednesday it had increased its holding in British Airways-owner IAG (ICAG.L) to 25.1%, buying another stake worth $600......
Reuters - Business

Timeline: NMC Health’s expansion and ailments

Reuters
NMC Health said on Monday its founder BR Shetty had resigned as joint non-executive chairman, months after the UAE healthcare group was thrown into turmoil by doubts over its finances. Source – For more click here...
Reuters - Business

William Hill names DS Smith’s Adrian Marsh as CFO

Reuters
FILE PHOTO: A William Hill bookmaker store is seen in London, Britain July 21, 2016. REUTERS/Peter Nicholls/File Photo (Reuters) – British bookmaker William Hill (WMH.L) on Monday named cardboard maker DS Smith’s (SMDS.L) Chief Financial Officer Adrian Marsh as its finance head. Marsh will join William Hill later this year,......
Reuters - Business

Buffett’s Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

Reuters
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co, investing in the largest U.S. supermarket chain as smaller rivals struggle. FILE PHOTO – Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from......
Reuters - Business

Bridgewater, Viking among big hedge funds that added Tesla in fourth quarter before rally

Reuters
FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo NEW YORK (Reuters) – Billionaire Ray Dalio’s Bridgewater Associates, Viking Global Investors, and Granite Point Capital were among prominent hedge funds placing new bets on electric......
Reuters - Business

Woodside holds on to stake in Senegal oil field as FAR challenge fails

Reuters
(Reuters) – ConocoPhillips’ (COP.N) sale of a stake in a $4.2 billion Senegal oil and gas project to Woodside Petroleum (WPL.AX) has been cleared by an international tribunal, resolving a long-running challenge by Australian partner FAR Ltd (FAR.AX). FILE PHOTO: The shadow of a man is cast onto a poster......
Reuters - Business

Tesla seeks to tap into stock surge with $2 billion share sale

Reuters
(Reuters) – Tesla Inc on Thursday announced plans to raise $2 billion in a stock offering, tapping into an astronomical jump in its share price over the past few months and reversing the electric-car maker’s often-stated policy of avoiding sales of new stock. Tesla said it would offer 2.65 million......
Reuters - Business

Barren streets but bustling stock markets in virus-stricken China

Reuters
SHANGHAI (Reuters) – Shops, restaurants and cinemas may be deserted in many parts of virus-plagued China, but online trading forums, internet roadshows and analyst calls are teeming with investors who have driven up stock trading volumes to nine-month highs. FILE PHOTO: A man walks along the Financial Street in central......
Reuters - Business

Google plan to buy into largest African wind farm ended by delay

Reuters
COPENHAGEN (Reuters) – Google’s (GOOGL.O) plans to buy a 12.5% stake in Africa’s largest wind farm have been canceled after delays to the project, Danish wind turbine maker Vestas (VWS.CO) said on Monday. The 310 megawatt (MW) Lake Turkana wind farm in Kenya was initially set for completion 2017, after......
Reuters - Business

Xerox sweetens offer for HP

Reuters
(Reuters) – Xerox Holdings Corp raised its offer to buy HP Inc by $2 to $24 per share on Monday, following several rejections of its previous buyout offer by the PC maker. The company logo for Xerox is displayed on a screen on the floor of the New York Stock......
Reuters - Business

Google drops plan to buy into largest African wind farm

Reuters
FILE PHOTO: Power-generating wind turbines are seen at the Lake Turkana Wind Power project (LTWP) in Loiyangalani district, Marsabit County, northern Kenya, September 4, 2018. REUTERS/Thomas Mukoya/File Photo COPENHAGEN (Reuters) – Google (GOOGL.O) has canceled plans to buy a 12.5% stake in Africa’s largest wind farm after delays to the......
Reuters - Business

Geely Automobile in talks with Volvo to tighten ties

Reuters
(Reuters) – China’s Geely Automobile (0175.HK) said on Monday it is in early discussions with Sweden’s Volvo Car AB about combining the two businesses into a global carmaker with listings in Hong Kong and Stockholm. The logo of Chinese carmaker Geely Auto is pictured at the second media day for......
Reuters - Business

China’s Geely Automobile in talks on boosting ties with Volvo

Reuters
The logo of Chinese carmaker Geely Auto is pictured at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song (Reuters) – China’s Geely Automobile (0175.HK) said on Monday it is in early discussions with Swedish carmaker Volvo Car AB about combining the......
Reuters - Business

Route cuts intended to make South African Airways sustainable: rescue team

Reuters
FILE PHOTO: Passengers board a South African Airways plane at the Port Elizabeth International Airport in the Eastern Cape province, South Africa, September 30, 2018. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG (Reuters) – Plans to cut some of South African Airways’ (SAA) domestic and international routes are aimed at making the airline......
Reuters - Business

White House dismisses idea of U.S. buying Nokia, Ericsson to challenge Huawei

Reuters
WASHINGTON (Reuters) – U.S. Vice President Mike Pence on Friday and the top White House economic adviser dismissed an unusual suggestion from U.S. Attorney General William Barr that the United States consider taking control of two major foreign rivals of China-based Huawei Technologies Co Ltd. FILE PHOTO – U.S. Vice......
Reuters - Business

Airbus likely to acquire Bombardier’s remaining stake in A220 passenger jet: sources

Reuters
MONTREAL/PARIS (Reuters) – Europe’s Airbus SE (AIR.PA) is likely to acquire Canadian plane and train maker Bombardier Inc’s (BBDb.TO) remaining stake in the A220 passenger jet program, two industry sources said. FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis......
Reuters - Business

U.S. interest lifts shares in Huawei rivals Ericsson, Nokia

Reuters
FILE PHOTO: The Ericsson logo is seen at the Ericsson’s headquarters in Stockholm, Sweden June 14, 2018. Picture taken June 14, 2018. REUTERS/Olof Swahnberg/File Photo STOCKHOLM (Reuters) – Shares in Ericsson (ERICb.ST) and Nokia (NOKIA.HE) rose sharply on Friday, a day after a U.S. official suggested the United States should......
Reuters - Business

Hargreaves top investor sells shares at discount; stock drops

Reuters
FILE PHOTO: Peter Hargreaves, the co-founder of stockbroker Hargreaves Lansdown, poses at his home near Bristol, Britain, May 19, 2016. REUTERS/Andrew MacAskill/File Photo (Reuters) – Hargreaves Lansdown (HRGV.L) co-founder and biggest shareholder Peter Hargreaves has sold 34.4 million shares in the investment platform, at more than a 6% discount to......
Reuters - Business

Hedge fund Elliott Management builds $3 billion stake in SoftBank: sources

Reuters
NEW YORK (Reuters) – Hedge fund Elliott Management Corp, one of the world’s most powerful activist investors, has amassed a nearly $3 billion stake in SoftBank Group Corp and is pushing for changes to boost the Japanese conglomerate’s value, sources said. FILE PHOTO – The logo of SoftBank Group Corp......

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