T-Mobile owner sets sights on becoming U.S. number one
Deutsche Telekom is aiming to become market leader in the United States, CEO Tim Hoettges said on Wednesday, now that a deal for its T-Mobile US unit to take over Sprint is within reach.
Air France faces new strikes over domestic network cuts
Air France unions have called for strikes at its domestic carrier Hop as pilots seek improved pay and conditions and ground staff press for job guarantees, union officials said.
Lyft resumes shared electric bike rentals in NYC
Lyft Inc will roll out a fleet of several hundred electric bikes for rent across New York City, the company said on Wednesday, 10 months after it pulled them following complaints and injury reports.
Qatar Airways spends $600 million to lift stake in BA owner to 25%
Qatar Airways has bought a $600 million stake in British Airways-owner IAG to increase its holding to 25.1%, strengthening its position ahead of a change in IAG management.
UniCredit CEO says no M&A deal after Intesa’s surprise UBI bid
The head of UniCredit repeated in a letter to staff on Wednesday that Italy’s biggest bank had no intention of engaging in merger and acquisition deals following Intesa’s blitz move to buy rival UBI Banca .
Citi, Deutsche start talks to sell $9 billion Dubai port company debt: sources
Citi and Deutsche Bank have started talks with other banks to sell roughly $9 billion in debt Dubai raised to take full control of DP World and refinance borrowings of Dubai World, sources familiar with the matter said on Wednesday.
Renault shares fall after Moody’s cuts its debt to ‘junk’ status
Renault’s shares fell on Wednesday after Moody’s cut its rating on the French carmaker’s debt to “junk” status, citing weaker profitability as the company restructures and grapples with falling demand.
Oil up on slowing pace of coronavirus, Venezuela sanctions
Benchmark Brent oil prices rose for a seventh consecutive day after demand worries eased with a slowing of new coronavirus cases in China and supply was curtailed by a U.S. move to cut more Venezuelan crude from the market.
BlackRock bolsters European management as part of regional expansion: memo
BlackRock , the world’s biggest asset manager, has appointed two executives to oversee its operations in continental Europe as part of efforts to expand in the region, a memo to staff on Wednesday seen by Reuters showed.
China stimulus hints, slowing spread of virus lift stocks
A decline in the number of new coronavirus cases in China and mounting expectations for more policy stimulus boosted global equity markets on Wednesday and pushed the yen to nine-month lows as alarm caused by Apple’s revenue warning faded.
