September 1, 2021 9:50 am
SKF said on Tuesday that it had finalized the acquisition of Rubico Consulting AB, an industrial consultancy firm with 10 employees located in the Swedish city of Luleå. However, financial details of the deal were not disclosed. “Rubico’s expertise in signal processing enhances our existing technology base, spanning from traditional IoT hardware to the latest […]
Read moreSeptember 1, 2021 7:53 am
Norwegian Air said earlier this week that it would probably not need to raise additional cash, since the relaxation of COVID-19-related travel restrictions triggered an increase in bookings. The company’s revenue was reported to have decreased to 591 million Norwegian crowns during the first six months of 2021 from 7.1 billion Norwegian crowns during the […]
Read moreAugust 31, 2021 9:04 am
AUD/USD rose on Tuesday, while extending a rebound from August 20th low of 0.7106 – a 9 1/2-month low, after new data showed that a surge in government spending had facilitated a crucial boost to growth, probably helping the economy avoid recession. The official Australian GDP numbers for the second quarter are due to be […]
Read moreAugust 31, 2021 7:09 am
Germany’s Lufthansa AG intends to increase the number of flights and to improve catering in an attempt to win back business travelers, according to an executive board member from the company. The air carrier also plans to add a midday flight on particularly popular routes and to introduce new menus for premium clients as soon […]
Read moreAugust 30, 2021 9:08 am
GBP/USD remained stuck within a narrow range in light trade on Monday, as the US Dollar hovered just above a two-week low after the Federal Reserve laid out a slower-than-anticipated path to interest rate increases. In a speech at the Jackson Hole symposium on Friday Fed Chair Jerome Powell said that the central bank’s tapering […]
Read moreAugust 30, 2021 7:11 am
Geely’s premium electric vehicle brand, Zeekr, said last week that it had raised $500 million in its first external funding from investors, including Intel Corp, battery manufacturer CATL and online entertainment company Bilibili. Other investors include Cathy Fortune Corporation as well as private equity firm Boyu Capital. According to Zeekr, the investors will jointly own […]
Read moreAugust 27, 2021 8:57 am
Spot Gold edged higher on Friday and looked set to register a third straight weekly gain, as worsening security situation in Afghanistan fueled safe haven demand for the precious metal. Yesterday Islamic State launched a suicide bomb attack on the crowded Kabul airport that led to the death of at least 13 US troops and […]
Read moreAugust 27, 2021 7:47 am
Global investment firm KKR said on Thursday that it had launched Strategic Lease Partners (SLP), a new platform to invest in a diversified portfolio of triple-net lease real estate. The investment, which will come mostly from KKR’s credit and real estate funds, will put the platform in position to acquire more than $3 billion in […]
Read moreAugust 26, 2021 8:44 am
Futures on US West Texas Intermediate Crude Oil snapped a three-day streak of gains on Thursday amid renewed demand concerns stemming from the spread of the novel coronavirus and as oil output returned in Mexico. New outbreaks caused by the Delta variant of the coronavirus raised concerns over the strength of global economic recovery. “Although […]
Read moreAugust 26, 2021 7:29 am
According to a report by Reuters, citing sources familiar with the matter, Blackstone Group Inc (BX) is in advanced talks to buy Interplex Holdings, a technological services provider based in Singapore and owned by Baring Private Equity Asia. The deal could be valued at nearly $1 billion. According to the sources, the two companies could […]
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