OSLO (Reuters) – Norwegian Air (NWC.OL) shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more cash from its owners. The approval follows w... More »
(Reuters) – Short-term home rental company Airbnb Inc is set to hire Morgan Stanley and Goldman Sachs Group Inc as joint lead advisers on its planned stock market flotation next year, people familiar with the matter said on Wednesday. The appointments would re... More »
STOCKHOLM (Reuters) – Electric scooter sharing firm VOI Technology has raised $30 million in another fundraising round since being set up seven months ago for its European expansion and investment in research to fend off growing competition, it said on Monday.... More »
FILE PHOTO: Brokers trade at their computer terminals at a stock brokerage firm in Mumbai, India, February 17, 2016. REUTERS/Shailesh Andrade MUMBAI/HONG KONG (Reuters) – Funds raised in India through share sales reached the most in a decade this year thanks t... More »
COPENHAGEN/LONDON (Reuters) – Activist hedge fund Primestone Capital on Wednesday urged U.S. cleaning equipment company Tennant and Danish peer Nilfisk to consider merging after building up minority stakes in both firms. “Primestone Capital owns more than 5 pe... More »
(Reuters) – Uber rival Lyft Inc is raising an additional $500 million in funding, according to a U.S. share authorization document filed in Delaware news website Axios said. () The additional funding round, led by Alphabet Inc’s CapitalG, is an extension of th... More »
Russia plans to hold a non-deal road show in China soon to pitch its OFZ treasury bonds denominated in yuan to Chinese investors, as a safeguard against new U.S. sanctions causing other foreign investors to exit the bonds, a Russian deputy finance minister sai... More »
MSCI Inc will temporarily ban new companies that deny equal voting rights to shareholders from two market indexes, intensifying a debate over who should police perceived lapses in corporate governance. More »
Switch Inc (SWCH.N) raised about $531.3 million from its initial public offering which was priced at $17 per share, making the data-center operator the second-largest U.S. technology listing this year. More »
An affiliate of Amazon.com Inc has agreed to buy a 1.79 billion-rupee ($27.6 million) stake in Indian retailer Shoppers Stop Ltd, the Indian company said in a filing. More »
China Unicom's $11.7 billion ownership reform plan does not violate rules, the nation's securities regulator said, helping shares in the telecom group's units surge as they resumed trade on Monday after speculation that the deal was under scrutiny. More »
The front of the New York Stock Exchange (NYSE) with a Snap Inc. logo hung on the front of it stands shortly before the company’s IPO in New York, U.S., March 2, 2017. The S&P 500 .SPX will start excluding companies that issue multiple classes of shares, manag... More »
Israel’s Gamida Cell, which is developing cellular therapies to treat cancer and rare genetic diseases, said on Monday it raised $40 million to finance the advanced trial of its product NiCord to facilitate bone marrow transplants. More »
A promotional footage on a property development of China Evergrande Group is shown at a news conference on the company’s interim results in Hong Kong, China August 30, 2016. REUTERS/Bobby Yip/File Photo China Evergrande Group (3333.HK), the country’s top home ... More »
Customers order meals on tablets and pick up food from cubbies at Eatsa, a restaurant in the financial district of San Francisco, California, U.S., September 28, 2016. REUTERS/Peter Henderson Fast food startup Eatsa is being sued by disability rights advocates... More »
A young girl pushes her scooter past the front of the New York Stock Exchange (NYSE) with a Snap Inc. logo hung on the front of it shortly before the company’s IPO in New York, U.S., March 2, 2017. REUTERS/Lucas Jackson One of two current members of the U.S. S... More »
FILE PHOTO – An Apple iPhone 7 and the company logo are seen in this illustration picture taken in Bordeaux, France on February 1, 2017. REUTERS/Regis Duvignau/File Photo Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) is sitting on more than $1.6 billion of ... More »
Liu Shiyu, chairman of the China Securities Regulatory Commission, drinks tea at a news conference on the sidelines of the National People’s Congress (NPC), China’s parliament, in Beijing, China, March 12, 2016. Picture taken March 12, 2016. REUTERS/Jason Lee ... More »
Shares of Intime Retail (Group) Co Ltd (1833.HK) were set to surge 38 percent when it resumes trade on Tuesday after Alibaba Group Holding Ltd (BABA.N) joined forces with the founder of the department store operator to take it private for $2.6 billion. More »
Imaging sensor provider E2V Technologies Plc said on Monday that it had agreed on the terms of an all-cash takeover offer from U.S. firm Teledyne Technologies Inc. More »
The German share prize index (DAX) board is seen at the trading room of Frankfurt’s stock exchange (Boerse Frankfurt) during trading session in Frankfurt Germany, October 14, 2016. REUTERS/Kai Pfaffenbach European shares were expected to open lower on Monday a... More »
MILAN Italian bank Monte dei Paschi di Siena has secured underwriters to back a turnaround plan involving the sale of 9.2 billion euros ($10.3 billion) in bad loans and a 5 billion euros capital increase, the lender said in a statement on Friday. The country’s... More »
LONDON Drugmaker Shire Plc clinched its six-month pursuit of Baxalta International Inc on Monday by agreeing a $32 billion cash and stock offer that will make it one of the world’s leading rare disease specialists. The London-listed group, which first approach... More »
SEOUL The heir apparent of Samsung Group will buy up to 300 billion won worth of shares to be sold by affiliate Samsung Engineering Co Ltd should existing shareholders not fully take up the firm’s 1.2 trillion won rights issue, Samsung Group said on Monday. In... More »
TOKYO Sony Corp said it plans to raise up to 440 billion yen ($3.6 billion) by issuing new shares and convertible bonds to invest in its fast-growing image sensors business. Sony said it expects to raise 321 billion yen from a public offering and 119 billion f... More »
