One of the largest lenders in Italy is studying options to make new partnerships and improve its operations across Europe. Carlo Messina, chief executive officer at Intesa Sanpaolo told CNBC on Thursday that he is looking at potential new partners to scale up the business, after last month closing a deal with debt collection company […]
Read moreCurrency, United States Finance
Tesco still favorite stock despite Walmart’s Asda deal with Sainsbury’s, asset manager says
The U.K. supermarket space has drawn renewed attention from investors following the tie-up between Walmart’s Asda and J Sainsbury. The $10 billion deal between the two grocers, announced last week, was welcomed by the investment community, but according to one asset manager, Tesco is still the best stock pick. “Perhaps with most other people, we’ve […]
Read moreIt’s several minutes before noon on a Thursday afternoon at Huawei’s headquarters. Located in Shenzhen, the emerging tech city in the Guandong providence of China, the campus covers a massive area filled with trees, mid-sized buildings and lakes. In what could easily be confused for a large university campus, the setting quickly goes from serene […]
Read moreA stunning win by the opposition bloc in Malaysia’s general election on Wednesday could have implications for the Southeast Asian nation’s ties with China, a major invsetor. Mahathir Mohamad, a former Malaysian prime minister who led his opposition alliance to victory over the ruling coalition, said Thursday the country could renegotiate several agreements that had […]
Read moreNorth Korea’s Air Koryo plans to launch charter flights between Pyongyang and Chengdu in south-west China, two airline officials told Reuters, amid a major improvement in diplomatic relations between the neighbours. The flights to Chengdu, one of the biggest cities in China’s vast western region, could start as early as late June if approved by […]
Read moreA plane carrying three Americans released by North Korea landed at a military base bear Washington early on Thursday to be welcomed by U.S. President Donald Trump and his wife, Melania. North Korea released the three – Kim Dong-chul, Kim Sang-duk, also known as Tony Kim, and Kim Hak-song – and handed them over to […]
Read moreJapanese Prime Minister Shinzo Abe is the only leader from a major stakeholder country to not publicly arrange a meeting with North Korea’s Kim Jong Un this year. “Japan has been very isolated on the North Korean issue,” said Richard McGregor, senior fellow at think tank the Lowy Institute in Australia. Tokyo has, however, managed […]
Read moreBT is cutting 13,000 managerial and back-office jobs and plugging its pension black hole, while placating shareholders by maintaining its dividend, in the latest restructuring by Britain’s biggest telecoms group. The new strategy from Chief Executive Gavin Patterson comes after the group reported a 3 percent drop in fourth-quarter revenue to 5.967 billion pounds, just […]
Read moreEuropean markets are expected to begin Thursday morning on a positive note, as investors turn their attention to a monetary policy meeting by the U.K.’s central bank. Looking to major bourses, the U.K.’s FTSE 100 is seen opening up 17 points at 7,680, while the French CAC 40 is expected to rise 16 points at […]
Read moreGeneral Motors has agreed to set up its Asia-Pacific headquarters in South Korea, in a further commitment by the U.S. automaker to its loss-making local unit, the government said on Thursday. Under a preliminary agreement, GM will also buy more parts from South Korean suppliers for its overseas operations, boosting procurement from about 2 trillion […]
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