Alstom to buy Bombardier rail unit for up to $6.7 billion
France’s Alstom said on Monday it had agreed to buy the train division of Canada’s Bombardier for up to 6.2 billion euros ($6.7 billion), in...
Exclusive: Italian government leaning towards third term for Eni CEO – sources
The Italian government is leaning toward reappointing Claudio Descalzi as CEO of state-controlled oil firm Eni, provided he will work with a new board to...
Thyssenkrupp shortlists buyout firms for elevator unit, Kone out
By Christoph Steitz, Tom Käckenhoff, Arno Schuetze and Edward Taylor...
Kone out as Thyssenkrupp shortlists private equity for elevator division
German conglomerate Thyssenkrupp said on Monday it has shortlisted two private equity consortia in the sale of its 16 billion euro ($17.3 billion) elevator division,...
DP World returns to full state ownership, takes on $8.1 billion debt
Dubai is to take full control of port operator DP World in a deal with a $13.9 billion valuation that will help the company at...
Chinese support measures buoy world stocks
Global shares were buoyant on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed...
Facebook warns of risks to innovation, freedom of expression ahead of EU rules
Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a raft of rules by the European Union...
Alstom in talks over $7 billion Bombardier rail deal
France’s Alstom is in talks to buy the train business of Canada’s Bombardier in a potential $7 billion deal that marks the latest attempt by...
WTO gives somber outlook for global trade, sees virus threat
Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on Monday, adding that the...
World shares inch up on Chinese support measures
Global shares inched higher on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed...