Rescue deal is no panacea for India’s struggling Jet Airways
Jet Airways’ investors are cheering this week’s government-led rescue deal, but the cash-strapped Indian airline’s future looks mired in uncertainty as convincing a new investor to come on board may not be easy.
Global stocks rise on trade optimism, set for best quarter since 2012
Global stocks rose on Friday on optimism over trade talks between the United States and China and were set to post their best quarterly performance since 2012, while global bond yields moved higher after a prolonged slide on growth worries.
Women running the money? Rarely at hedge funds
Generous salary and juicy bonus? Check. Client meetings at private members’ club? Check. Swanky Mayfair office? Check. Company maternity scheme? Maybe, we’ll get back to you.
As IPO flood recedes, Asia bankers bet on follow-on capital raising
Bankers in Asia are betting on newly-listed companies returning to the markets for fresh capital as last year’s flood of initial public offerings (IPOs) slows to a trickle, with 2019 seeing the weakest start in equity sales in three years.
Thyssenkrupp, Embraer to build four ships for Brazil’s navy
Brazil’s navy has selected German industrial conglomerate Thyssenkrupp and domestic aircraft maker Embraer to build four corvettes, Thyssenkrupp said on Friday.
AstraZeneca in cancer drug deal that could pay Daiichi Sankyo up to $6.9 billion
AstraZeneca Plc and Daiichi Sankyo Co Ltd signed a deal to develop and sell Daiichi’s cancer drug trastuzumab deruxtecan that could see the British drugmaker pay as much as $6.9 billion to its Japanese partner.
Huawei urges U.S. to drop ‘loser’s attitude’ as carrier business revenue slips
China’s Huawei Technologies called on Washington to drop the “loser’s attitude” and once again rubbished U.S. allegations its gear could be used by Beijing for spying, as its network business weakened amid mounting global scrutiny.
U.S., China hold ‘constructive’ trade talks in Beijing
U.S. officials held “constructive” talks in Beijing, Treasury Secretary Steven Mnuchin said on Friday, concluding the latest round of dialogue with China aimed at resolving the bitter trade dispute between the world’s two largest economies.
U.S. authority sent Nordea and SEB information requests: Bloomberg
New York’s financial regulator has sent letters to Nordic banks Nordea and SEB asking for detailed information about their dealings with Danske Bank, Bloomberg reported, citing an unidentified source.
H&M beats profit forecasts after it curbs discounts
Swedish fashion retailer H&M reported a much smaller than expected fall in first-quarter pretax profit on Friday as it sold more products at full price and saw an improvement in margins.
