Mois : janvier 2020

UPDATE 1-KKR seeks inclusion in Russell indexes, shares rise

() – Private equity firm KKR & Co Inc (KKR.N) said on Friday it will seek to be included in the Russell U.S. indexes, a move targeted at increasing its shareholder base, sending its shares sharply higher. FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the

Democrats announce new debate rules, likely to allow Michael Bloomberg on stage

FILE PHOTO: Michael Bloomberg, the billionaire media mogul and former New York City mayor, now Democratic candidate speaks at the Aventura Turnery Jewish Center and Tauber Academy Social in Miami, Florida, U.S., January 26, 2020. /Maria Alejandra CardonaWASHINGTON () – The Democratic Party announced on Friday a new set of rules governing which presidential hopefuls

UPDATE 5-Record $4 billion Airbus fine draws line under ‘pervasive’ bribery

PARIS/LONDON/WASHINGTON () – Airbus (AIR.PA) bribed public officials and hid the payments as part of a pattern of worldwide corruption, prosecutors said on Friday as the European planemaker agreed a record $4 billion settlement with France, Britain and the United States. The disclosures, made public after a nearly four-year investigation spanning sales to more than

Poland deserves higer ratings due to strong economy – finance minister

WARSAW () – Poland deserves higher credit ratings from leading agencies such as Moody’s, Fitch and S&P, because its finances and economic growth are solid, Finance Minister Tadeusz Koscinski said on Friday. In an interview with , Koscinski also dismissed criticism that investors might be discouraged by lower-than-expected economic growth in 2019 or by Warsaw’s

UPDATE 1-Travelex recovers UK website after ransomware hit

FILE PHOTO: A passenger walks past a Travelex currency exchange at Manchester Airport in Manchester, Britain January 8, 2020. /Phil Noble/File Photo() – Travelex said it had partially restored its UK website, almost a month after a crippling ransomware attack forced the currency service provider to take its systems offline, causing chaos for New Year

Pound set for biggest weekly gain in a month

FILE PHOTO: UK pound coins plunge into water in this illustration picture, October 26, 2017. /Dado Ruvic/IllustrationLONDON () – The British pound extended its rally on Friday and was on track for its biggest weekly gain in a month after the Bank of England’s decision to keep interest rates steady on signs of a post-election

UPDATE 2-Lebanon finance minister asks banks to cut interest rates

FILE PHOTO: Lebanon’s Finance Minister Ghazi Wazni poses for a picture at his office in Beirut, Lebanon January 23, 2020. /Mohamed AzakirBEIRUT () – Lebanon’s finance minister urged the banks on Friday to cut interest rates and also tried to reassure savers that their deposits would not be touched as the country wrestles with a

Westpac hit with class-action suit in U.S. linked to money-laundering case

FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. /David Gray/File Photo() – Australia’s No. 2 lender Westpac Banking Corp (WBC.AX) said on Saturday a class-action lawsuit, naming former Chief Executive Brian Hartzer and

Morgan Stanley overhauls leadership at FX options unit – BBG

FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York U.S., July 16, 2018. /Lucas Jackson/File Photo() – Morgan Stanley (MS.N) has promoted Alex Silverman and Roland Jeurissen to co-head its FX options unit, which is the target of an internal probe, Bloomberg reported on Friday, citing people familiar with the

GRAPHIC-Take Five: What’s the virus damage?

() – 1/SCHLOCK AND AWE IN CHINA FILE PHOTO: People walk past an electronic display showing world markets indices outside a brokerage in Tokyo, Japan, January 8, 2020. /Issei KatoFinancial markets have gone swiftly from nonchalance to awe in reacting to the fast-spreading 2019-nCoV or new coronavirus here Global stocks have been shaken in the

Chinese regions unveil credit support for virus-hit firms

BEIJING, Jan 31 () – Fiancial regulators in Guangdong province in southern China and in Beijing have unveiled detailed measures to support firms hit by the coronavirus outbreak amid worries about a sharper economic slowdown. The banking and insurance regulator in Guangdong, China’s export hub, has pledged to provide support for firms in retail, wholesale,

Chrysaor talks to buy North Sea rival Siccar Point end -sources

LONDON () – North Sea private equity-backed Chrysaor’s talks to buy smaller regional rival Siccar Point have ended after a large gap between their price expectations, three sources close to the process said. The breakdown in negotiations highlights difficulties oil and gas producers are facing with the long-term outlook for prices uncertain as economies shift

Italy’s Carige appoints new board after rescue

FILE PHOTO: A woman walks past a Carige bank in Rome, Italy, Sept. 20, 2018. /Max Rossi/File PhotoGENOA () – Italy’s Banca Carige (CRGI.MI) appointed a new board on Friday to take the reins of the troubled regional lender, ending more than 12 months under a temporary special administration appointed last year to stem years

UPDATE 1-Lebanon finance minister asks banks to cut interest rates

FILE PHOTO: Lebanon’s Finance Minister Ghazi Wazni poses for a picture at his office in Beirut, Lebanon January 23, 2020. /Mohamed AzakirBEIRUT () – Lebanon’s fiance minister urged the country’s banks on Friday to reduce interests rates to help the economy and offered reassurances that bank deposits would not be touched as the country wrestles

UPDATE 1-Greece shortlists nine investors for 30% stake in Athens airport

(Adds details) ATHENS, Jan 31 () – Greece has shortlisted nine investors in a tender for a minority stake in Athens International Airport (AIA), the country’s biggest, its privatisation agency said on Friday. The sale is crucial for Greece which emerged from international bailouts in 2018 and is aiming for privatisation receipts of 2.4 billion

UPDATE 2-Thyssenkrupp CEO outlines breakup vision as elevator sale nears

BOCHUM, Germany () – Thyssenkrupp (TKAG.DE) boss Martina Merz on Friday mapped out in more detail the restructuring of the ailing conglomerate, saying a deal to sell its elevator unit was near and inviting suitors to look at its steel and plant building units. Martina Merz, CEO of German steelmaker Thyssenkrupp AG, gestures during the

UK mortgage approvals strongest since mid-2017, adding to signs of pick-up

LONDON, Jan 31 () – British mortgage approvals hit their highest level in nearly two-and-a-half years in December, according to Bank of England data on Friday that added to signs of an economic pick-up since last month’s election. FILE PHOTO: Workers emerge from Bank underground station with the Bank of England (L) and Royal Exchange