December 29, 2021 11:56 am
Telefonica said earlier this week it had reached an agreement with labor unions to reduce its workforce in Spain by 15% through voluntary redundancies in a plan estimated to cost the company EUR 1.5 billion ($1.7 billion) in 2021. By cutting 2,700 jobs in an increasingly competitive market in early 2022 will allow Telefonica to […]
Read moreDecember 29, 2021 10:17 am
Vista Outdoor Inc, a global designer, manufacturer and marketer of products in the outdoor sports and recreation markets, said on Tuesday that it had agreed to acquire Stone Glacier, a premium brand focused on ultra-lightweight, performance hunting gear designed for backcountry use. Vista Outdoor used cash on hand and available liquidity under its asset-based revolving […]
Read moreDecember 28, 2021 10:36 am
USD/RUB edged higher in thin trade on Tuesday, but was still affected by heightened geopolitical pressure due to Russia’s military build-up near Ukraine. The Russian currency has been facing pressure since October, with Western nations concerned about a potential outcome from such a move. The US administration, which views the move as a possible preparation […]
Read moreDecember 23, 2021 11:31 am
Tokens.com Corp, a publicly traded company investing in revenue-generating crypto assets related to the Metaverse, Decentralized Finance and Non-Fungible Tokens, said on Wednesday that it had completed an additional strategic investment in Metaverse Group’s $6 million financing. Tokens.com was the lead investor in this strategic round of funding, while the company still has a 67% […]
Read moreDecember 23, 2021 9:22 am
Hong Kong’s air carrier Cathay Pacific Airways Ltd said on Wednesday that it would cancel some passenger flights in January due to operational and travel restrictions amid stricter quarantine requirements in the Asian financial hub. “The new consolidated schedule will result in several flight cancellations,” the air carrier said in a website notice. The airline […]
Read moreDecember 22, 2021 12:06 pm
Global investment firm KKR and global music company BMG said on Tuesday that they had acquired the entire music interests of American Blues Rock legends, ZZ Top. The agreement includes a buyout of the band’s publishing catalogue and their income from recorded royalties and performance royalties, the companies said. ZZ Top have sold more than […]
Read moreDecember 22, 2021 11:06 am
Global professional services firm Huron Consulting Group Inc (HURN) said on Tuesday that it had entered into a definitive agreement to buy Perception Health Inc, a healthcare predictive analytics company. The acquisition, whose financial details remained undisclosed, is expected to be finalized this month. After the deal closes, Perception Health is to become part of […]
Read moreDecember 21, 2021 10:50 am
AUD/USD rebounded from a two-week trough on Tuesday after the minutes from the Reserve Bank of Australia’s most recent policy meeting revealed an optimistic view that the Omicron virus strain was not expected to derail Australia’s economic recovery. RBA policy makers reiterated they remained committed to keeping interest rates intact at a record low level […]
Read moreDecember 21, 2021 8:37 am
Underwriter of specialty insurance Argo Group International Holdings Ltd. said on Monday that it had agreed to sell its Malta business operations, ArgoGlobal Holdings (Malta) Ltd. and its subsidiaries, to Riverstone Holdings Limited, part of the RiverStone International Group. The transaction, whose terms remained undisclosed, is expected to close during the first half of 2022, […]
Read moreDecember 20, 2021 10:12 am
GBP/USD extended a loss from last Friday at the start of the new week amid broad risk aversion across financial markets as surging Omicron infections in Europe raised concerns of potential lockdowns. Britain’s Deputy Prime Minister Dominic Raab said earlier Monday that he could not make any guarantees when asked if there would be further […]
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