Exclusive: Bottle maker Verallia set for possible 4 billion euros IPO – sources
Buyout group Apollo is preparing French glass bottle maker Verallia for a stock market listing later this year, in what could become one of the largest French initial public offerings of the year, people close to the matter said.
China wants to ban bitcoin mining
China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.
Aramco gets whopping $100 billion demand for landmark bond
Orders for Saudi Aramco’s debut international bonds topped $100 billion on Tuesday, a record breaking vote of market confidence for the oil giant despite some investor concerns about government influence over the company.
EU executive eyeing retaliation against U.S. over aircraft subsidies
The European Commission has begun preparations for possible retaliation against Boeing subsidies, the EU executive said on Tuesday, a day after Washington drew up a list of EU imports to hit with tariffs over subsidies given to Europe’s Airbus.
British retailer Debenhams falls into administration
Debenhams’ lenders took control of the ailing British retailer on Tuesday after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on the high street.
Creditors take control of British department store chain Debenhams
Lenders in Debenhams took control of the ailing British retailer on Tuesday after it went into administration, wiping out shareholders including billionaire Mike Ashley who failed in his own attempt to take over the company.
French bank SocGen to cut 1,600 jobs in drive to lift profits
Societe Generale plans to cut 1,600 jobs, mainly at its corporate and investment banking arm, in an attempt to boost profits after a poor performance last year, France’s third-largest bank said on Tuesday.
Ghosn slams ‘backstabbing’ former Nissan colleagues in video address
A defiant Carlos Ghosn accused “backstabbing” former colleagues of conspiring to oust him as Nissan chairman and threatening the Japanese automaker’s future, in a video marking his first public address since his initial arrest last year.
China wants to ban bitcoin mining, traders say move not a surprise
China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.
EU plans for own retaliation in aircraft dispute with U.S.
The European Union has begun preparations to retaliate over Boeing subsidies, an EU official said on Tuesday, a day after Washington listed EU products it plans to hit with tariffs in their aircraft dispute.
