Ivaylo is a financial news editor covering international stock markets, stock futures markets reporting corporate news and writing corporate analysis.
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The Tokyo-based Japanese bank Softbank Corp. was notified along with Sprint Nextel Corp. by the Committee of Foreign Investment in the US that both companies have been cleared to go ahead with the acquisition.
The Japanese bank is supposed to seal a $20.1 billion takeover of Sprint as the bank competed with Dish Network Corp. Softbank rose 2.1% at the close of Tokyo Exchange. The Cross-boarder deal would give the bank 70% of the third largest wireless network in US.
The Softbank deal is also under review by the Federal Communications Commission. Sprint future remains unsettled while the company considers Dish offer the satellite company said in a filing last month
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Norway’s retail sales growth sharply slows in August Retail sales in Norway have increased 0.1% in August over July, the latest data by Statistics Norway showed.The latter followed a 1.2% rise in July and fell short of market consensus of a 0.6% surge.Retail sales growth slowed […]
Grain futures mixed, soybeans advance on smaller crop outlook Grain futures were mixed on Friday following yesterdays update of USDAs crop forecasts. Wheat and corn made a moderate retreat, while soybeans advanced as the agency trimmed its domestic production outlook.On the Chicago Board of Trade, […]
Atos share price up, to acquire Xerox’s IT outsourcing business Frances Atos SE agreed to purchase Xeroxs information technology outsourcing business in an €840 million ($1.05 billion) all cash deal, heavily boosting its presence in the US.“Increasing our position in the US is a major step in the […]
Forex Market: AUD/JPY trading outlook for December 21st Friday’s trade saw AUD/JPY within the range of 86.16-87.99. The pair closed at 86.94, falling 0.48% on a daily basis, while extending the loss from Thursday. The daily low has been an exact test of the low from November 3rd 2015. In weekly […]
United Airlines share price up, to outsource jobs as a cost-reducing measure United Continental Holdings said on Monday that it was considering to outsource as many as 2 000 jobs across US airports as a part of a cost-cutting plan.The Chicago-based company said that the move will affect around 28 airports, […]
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