British insurer RSA agrees $9.6 billion takeover by overseas rivals
British insurance group RSA is backing a 7.2 billion pound ($9.55 billion) cash offer from Canada’s Intact Financial and Denmark’s Tryg in one of Europe’s biggest financial takeover bids...
Exclusive: BMW deal to lift stake in China venture unaffected by Brilliance parent’s debt...
German carmaker BMW BMWG.DE said on Tuesday there was no indication that its deal to increase its stake in its joint venture with Brilliance China Automotive 1114.HK would be affected by debt issues...
Sterling slips; speculators’ bearish bets increase
Sterling slipped in early London trading on Monday as Brexit talks resumed in Brussels, while bearish bets on the pound increased for the second week running.
Pound edges up after UK Brexit adviser Cummings heads for exit
Sterling ticked up on Friday against the dollar and euro after news that British Prime Minister Boris Johnson’s top adviser and Brexit mastermind Dominic Cummings was set to leave,...
Dow, S&P futures drop as COVID-19 cases surge; tech stocks inch higher
Futures tracking the S&P 500 and Dow fell on Thursday as U.S. coronavirus infections surged and investors weighed the timeline of the roll-out of an effective vaccine, while some...
Eni and HitecVision form Nordic renewable energy venture
Norwegian private equity group HitecVision and Italy’s Eni have formed a joint venture to develop renewable energy in the Nordic region, building on their existing cooperation in oil, they...
Sterling rises on Brexit, vaccine hopes; ignores record redundancies
The British pound got a boost from renewed Brexit hopes and investor risk sentiment on Tuesday, ignoring the fact that British employers made a record number of staff redundant...
Wall Street set to jump after Biden election win
U.S. stock index futures pointed to a sharply higher open on Monday after President-elect Joe Biden was declared the winner in a highly contentious election.
Biden’s...
Canada adds 83,600 jobs in October, less than expected, as shutdowns bite
Canada added a lower-than-expected 83,600 jobs in October as coronavirus-related shutdowns started to bite, and the unemployment rate dipped to 8.9%, Statistics Canada data indicated on Friday.
Indonesia suffers first recession in over 20 years, finmin says ‘worst is over’
Indonesia suffered its first recession in over two decades as the COVID-19 pandemic hit consumption and business activity in Southeast Asia’s largest economy, costing millions of jobs, the statistics...
