Alstom in talks over $7 billion Bombardier rail deal
France’s Alstom is in talks to buy the train business of Canada’s Bombardier in a potential $7 billion deal that marks the latest attempt by Western rail companies to bulk up in the face of Chinese competition.
WTO gives somber goods trade outlook, sees virus threat
Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on Monday, adding that the below-trend performance could become even worse due to the new coronavirus.
WTO gives somber outlook for global trade, sees virus threat
Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on Monday, adding that the below-trend performance could be reduced even further by the new coronavirus.
World shares inch up on Chinese support measures
Global shares inched higher on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors.
Alstom confirms talks on potential $7 billion Bombardier deal
French train maker Alstom has confirmed it is in talks on the possible acquisition of the train business of Canada’s Bombardier , a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector.
Euro zone to cautiously pave the way for more fiscal stimulus
Euro zone finance ministers are set to discuss on Monday a document that calls for a more growth-friendly fiscal policy, a move that could lead to Germany’s spending more amid fears of a downturn.
Cathay Pacific flags ‘significant’ drop in first-half profit, capacity cuts due to coronavirus
Cathay Pacific Airways is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, it said on Monday.
Global shares edge higher on Chinese support measures
Global shares rose on Monday as the promise of further policy stimulus to counteract the economic hit from a coronavirus outbreak calmed nervous investors.
Timeline: NMC Health’s expansion and ailments
NMC Health said on Monday its founder BR Shetty had resigned as joint non-executive chairman, months after the UAE healthcare group was thrown into turmoil by doubts over its finances.
William Hill names DS Smith’s Adrian Marsh as CFO
British bookmaker William Hill on Monday named cardboard maker DS Smith’s Chief Financial Officer Adrian Marsh as its finance head.
