Orange CEO says EU authorities are open to pan-European telecoms mergers
The European Union’s top antitrust policymaker, Margrethe Vestager, is open to the idea of pan-European mergers in the telecoms market, Orange’s boss Stéphane Richard said on Wednesday.
Oil rises 1% before OPEC meeting to discuss output pact
Oil gained on Wednesday ahead of meetings this week where OPEC and its allies are expected to extend production curbs to support the market, while industry data showing that U.S. crude stockpiles fell more than expected helped to lift prices.
South Africa’s Grand Parade loses appetite for Burger King
Grand Parade Investments (GPI) Ltd , which holds the Burger King franchise in South Africa, said on Wednesday it was in talks to sell a stake in the business, without giving a reason.
Factbox: Alphabet’s ‘Other bets’ in focus as Google’s Pichai takes helm
Google Chief Executive Officer Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc, heralding a new chapter for the company that helped reshape the global tech industry under its co-founders Page and Sergey Brin.
Stocks in tentative rebound after Trump’s trade war scare
European stocks opened higher on Wednesday, recovering some of the losses made in the previous session when U.S. President Donald Trump surprised world markets by saying a trade deal with China could wait until after the 2020 presidential election.
Hadi Zablit promoted to general secretary of Renault, Nissan alliance
Renault SA , Nissan Motor Co and Mitsubishi Motors on Wednesday said they had promoted Hadi Zablit to general secretary of their automaking alliance to accelerate business efficiencies across the companies.
Modest Orange dividend overshadows European mobile mast plans
Orange said it planned to carve out its mobile towers in most European countries to shore up the group’s value, but the move was overshadowed by the French telecom firm’s modest dividend outlook, sending its shares lower.
Hyundai Motor eyes thrust on electric vehicles in $52 billion investment plan
Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, the company said on Wednesday, with a third of the expenditure focused on electric and autonomous vehicles, but analysts want to see it deliver.
France’s Orange plans to set up European mobile mast company
Orange said it planned to carve out its mobile towers in most European countries where it is present, in a move aimed at shoring up the telecom group’s value as tough competition in the region has hampered its growth and margins.
China’s Postal Savings Bank says some retail investors opt out of Shanghai listing
Postal Savings Bank of China said investors had opted out of paying for 3% of shares on offer in its Shanghai listing – a rare development that underscores growing concerns over problems in China’s banking system.
