SoftBank to borrow $4.5 billion pledging domestic telco’s shares
SoftBank Group Corp said on Wednesday it plans to borrow up to 500 billion yen ($4.5 billion) from 16 domestic and foreign financial institutions using almost a third of its stake in telco SoftBank Corp as collateral.
Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns – EU paper
Vodafone and Telekom Italia have offered to allow rivals access to sites in some cities for up to nine years, a proposal aimed at allaying EU antitrust concerns over the creation of Italy’s largest mobile tower company, according to an EU document seen by Reuters.
Qatar Airways ups holding in BA-owner IAG to 25.1% with new $600 million stake
Qatar Airways has bought a $600 million stake in British Airways-owner IAG to increase its holding to 25.1%, advancing its strategy of building a global portfolio of airline investments.
Qatar increases its stake in BA-owner IAG to 25.1%
Qatar Airways Group said on Wednesday it had increased its holding in British Airways-owner IAG to 25.1%, buying another stake worth $600 million as part of a strategy it described as being highly successful.
Metro Bank names interim boss Dan Frumkin CEO
Metro Bank on Wednesday named interim Chief Executive Dan Frumkin to the role permanently, tasking him with leading the British lender past an accounting scandal that plunged it into crisis last year.
Exclusive: India antitrust investigators see no evidence of collusion by IndiGo, SpiceJet and others – sources
Investigators with India’s antitrust watchdog have found no evidence that the country’s biggest airline, IndiGo , and four rival carriers colluded to fix ticket prices, three sources with direct knowledge of the matter told Reuters.
Their market shut, traders in China’s Silicon Valley do business from bags
While coronavirus fears curtail much of China’s bustle, traders are getting back to business at the world’s largest electronics market, buying and selling from bags and suitcases on the streets outside their shut premises.
Oil rises amid hope for short economic hit from coronavirus outbreak
Oil prices rose on Wednesday, with Brent gaining a seventh straight day, amid broad optimism as new coronavirus cases fell for a second day in China and concerns rose over supply after a U.S. move to cut more Venezuelan crude from the market.
Deutsche Telekom sees slower core earnings growth this year
Deutsche Telekom forecast that growth in its core earnings would slow to 3% this year after a strong fourth quarter, as it looks finally to complete a merger that would create the third-largest U.S. wireless carrier.
Asia stocks rise on lull in virus worry, euro still weak
Asian shares and U.S. stock futures rose on Wednesday, as investors tried to shake off worries about the coronavirus epidemic after a slight decline in the number of new cases.
