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ArcelorMittal's bid for Essar delays JV with SAIL
Wed, 23 Jan 2019 20:53:15 GMT
 
ArcelorMittal's prolonged offer to acquire the debt-laden Essar Steel postponed the world's largest steelmaker's planned joint venture with the state-held Steel Authority of India, SAIL's chairman said on Wednesday. >>
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Colony Capital to acquire Abraaj's Latam PE unit
Wed, 23 Jan 2019 20:52:31 GMT
 
Colony Capital, the US investment unit, agreed to acquire the Abraaj Group's private equity business unit in Latin America, both companies announced on Wednesday, not disclosing the financial terms of >>
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Canada's Husky drops MEG oil merger deal
Wed, 23 Jan 2019 20:36:21 GMT
 
On Wednesday, Canada's Husky walked away from the hostile bid for its competitor MEG Energy, the Canadian oil producer, despite nearly 60% support received from MEG shareholders, saying it was >>
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Arconic scraps sale amid price disagreements
Wed, 23 Jan 2019 20:31:21 GMT
 
Arconic, the US aluminium products maker, stated it is no longer selling the company, as Elliott Management failed to make an acceptable bid, sending its shares down as much as >>
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Citadel picks Goldman's executive to enhance macro unit
Wed, 23 Jan 2019 19:19:02 GMT
 
The hedge fund Citadel hired Goldman Sachs' Executive Director and the head of cross macro investments, Gilberto Marcheggiano, as it seeks to establish a unit that would take financial positions >>
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Innogy considers selling in offshore wind project
Wed, 23 Jan 2019 19:13:44 GMT
 
Germany's Innogy is considering to sell its stake in the British offshore wind project Sofia, once it secures a subsidy, the company's COO for renewables announced on Wednesday. >>
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Barclays cuts US GDP growth forecast to 2.5% in Q1
Wed, 23 Jan 2019 18:23:52 GMT
 
Barclays economists stated that they reduced the outlook over the US economic growth in the Q1 to an annualised rate of 2.5% from an earlier 3.0% projection, affected by the >>
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BoC governor sees economy in good shape
Wed, 23 Jan 2019 18:21:21 GMT
 
The Governor of the Bank of CanadaStephen Poloz stated the country's economy was in good shape, though low prices of oil were delivering material shock, which would cut growth pace >>
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Canadian retail sales drop more than anticipated in November
Wed, 23 Jan 2019 17:27:29 GMT
 
Canada's core retail sales declined more than anticipated in November, while total retail sales were below expectations, official data revealed on Wednesday. >>
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US mortgage applications fall from 11-month high
Wed, 23 Jan 2019 17:24:26 GMT
 
The US mortgage applications dropped from the highest level in 11 months last week, as home borrowing costs rose amid encouraging domestic economic reports, the MBA stated. >>
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India to spend 6.5% more over food subsidies
Wed, 23 Jan 2019 16:32:59 GMT
 
India was poised to increase the subsidies for the largest food welfare program 6.5% for the fiscal year starting on April 1, the smallest increase in three years, in the >>
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EZ consumer confidence improves in January
Wed, 23 Jan 2019 16:30:32 GMT
 
Euro zone consumer confidence increased in the months of January from a sharply revised December's number, the report published on Wednesday showed. >>
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Volvo to recall over 200K vehicles with fuel leak issue
Wed, 23 Jan 2019 15:03:56 GMT
 
Geely's Volvo Cars announced on Wednesday it would voluntarily recall more than 200K vehicles, as the carmaker's engineers had found an issue, which could potentially lead to fuel leakage into >>
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United Tech posts better-than-expected Q4 profit
Wed, 23 Jan 2019 15:03:49 GMT
 
On Wednesday, United Technologies, the US industrial conglomerate, reported a higher-than-expected Q4 profit, estimating the current year's earnings above forecasts, and sending its shares up 4.6% to $116.25 in the >>
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Singapore's GEAR loses bid for Australia's Stanmore
Wed, 23 Jan 2019 13:55:53 GMT
 
On Wednesday, Singapore's GEAR stated it would seek a position in the board of the Australian Stanmore Coal, despite failing to win the A$240M takeover bid. >>
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