Israel’s TowerJazz to maintain 51% stake in Panasonic chip JV
Israeli chip manufacturer TowerJazz said on Monday it will not sell its 51% stake and board control in its joint venture (JV) with Panasonic Corp in Japan. – Reuters: … Read More
Month: December 2019
Searchlight launches $233 million for Swedish vehicle inspection company Opus
Ograi BidCo, managed by private investment firm Searchlight, has launched a bid for Swedish vehicle inspection company Opus Group worth around 2.25 billion crowns ($233.7 million) it said on Monday. … Read More
Ted Baker says may have overstated inventory by up to 25 million pounds
Ted Baker Plc said on Monday it might have overstated inventory by as much as 25 million pounds ($32.08 million), the latest in a string of challenges for the British … Read More
In China, coal creeps back in as slowing economy overshadows climate change ambitions
China is building more coal-fired power plants and approving dozens of new mines, despite assurances from the world’s biggest greenhouse gas emitter that it was serious about fighting climate change. … Read More
New Nissan CEO pledges better performance, cooperation with Renault
Nissan Motor Co chief executive Makoto Uchida said on Monday that he would work to improve the automaker’s financial performance and co-operate closely with alliance partner Renault SA, while maintaining … Read More
Hong Kong October retail sales drop 24.3% as protests persist
Hong Kong’s retail sales fell 24.3% in October from a year earlier as anti-government protest gripped the city. – Reuters: Money News
Oil jumps amid hopes for further OPEC cuts, China factory growth
Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at … Read More
Saudi Arabia wants OPEC+ to deepen oil cuts due to Aramco IPO
OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a … Read More
Who Are Yes Bank’s Potential New Investors? Details Here
Yes Bank needs to raise new capital after being forced to step up provisioning against bad loans, including to some of the non-bank lenders caught up in the country’s shadow … Read More
Ocado launches $642 million bond issue to fund robotic warehouse deals
British online grocer and technology company Ocado has launched a 500 million pounds ($642 million) bond issue, partly to fund its construction of robotic warehouses for overseas partners, it said … Read More