Posted at 09:02h
in
News
by KMFSLLP
Britain's biggest retailer Tesco
has completed its exit from China with the 275 million
pound ($357 million) sale of its joint venture stake to
state-run partner China Resources Holdings (CRH).
...
Posted at 08:59h
in
News
by KMFSLLP
Danish lender Jyske Bank
said on Tuesday it would increase the total amount of
deposits covered by negative interest to around 25 billion
crowns ($3.6 billion), mitigating the costs it will have to pay
to the central bank.
Posted at 08:53h
in
News
by KMFSLLP
Hong Kong stocks recovered from early
falls to close slightly higher on Tuesday, as investors expected
the coronavirus outbreak outside China to have a limited impact
on the world's second-largest economy.
...
Posted at 08:18h
in
News
by KMFSLLP
South Africa's Shoprite
Holdings will transfer its distribution centres and
undeveloped land valued at 2 billion rand ($133 million) to a
new joint venture (JV) it is creating with Equities Property
Fund, the supermarket chain said on Tuesday.
Posted at 08:17h
in
News
by KMFSLLP
European shares bounced back on Tuesday
after recording their worst losses since June 2016 in the
previous session, with investors assessing the economic hit of a
coronavirus outbreak that has spread far beyond China.
Posted at 08:11h
in
News
by KMFSLLP
British shopping centre operator
Hammerson slashed its 2020 dividend by 46% on Tuesday
after reporting a drop in annual net rental income due to the
collapse into administration of a series of UK retail chains and
outlets.
Posted at 08:11h
in
News
by KMFSLLP
French bank Natixis said
on Tuesday it had agreed to sell a 29.5% stake in credit
insurance company Coface to U.S. company Arch Capital
Group, in a deal valued at around 480 million euros
($520 million).
Posted at 07:54h
in
News
by KMFSLLP
* Grab will offer lending, insurance, wealth management
products
(Adds background, analyst comment)
...
Posted at 07:47h
in
News
by KMFSLLP
Losses in China
stocks, which ended lower on Tuesday, were capped as investors
expected the coronavirus contagion outside China to have a
limited impact on the Chinese market.
** At the close, the Shanghai Composite index was down
0.6% at 3,013.05. The blue-chip CSI300 index was down
0.22%.
Posted at 07:31h
in
News
by KMFSLLP
* Planes to be delivered in business year starting April
2022
(Adds order details, ANA comment)
...