Angola tests market for stake in state oil giant with bank sale
Angola began selling state-run lender Banco de Comercio e Industria to test investor appetite for some of the country’s biggest companies including oil giant Sonangol,…
Air France-KLM CEO flags further recapitalization later in 2021
Air France-KLM Chief Executive Officer Ben Smith indicated the struggling airline could seek a further recapitalization later this year even after the latest 4 billion-euro…
Taiwan dollar gains as US hints at currency valuation pressure
Taiwan’s dollar posted its biggest daily advance since December after a U.S. Treasury report hinted that the Biden administration could exert greater pressure on the…
Agnellis end Iveco talks with China FAW as Italy opposes
The billionaire Agnelli family’s CNH Industrial NV ended talks to sell its Iveco SpA truck and bus unit to China FAW Group Co. after the…
Former FedEx worker kills 8 people at Indianapolis facility
A 19-year-old former employee of FedEx Corp. gunned down eight people at a company facility near the Indianapolis airport and then killed himself with a…
Melrose sells Nortek Air management unit for $3.63 billion
U.K. buyout firm Melrose Industries Plc agreed to sell its Nortek Air Management business for 2.62 billion pounds ($3.63 billion), moving forward with a disposal…
Egypt orders investigation of second deadly train crash in weeks
Egyptian President Abdel-Fattah El-Sisi has ordered an investigation into the derailment of a passenger train north of Cairo that killed 11 people, less than a…
TSMC says trade tensions could disrupt supply of chip equipment
Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, warned for the first time that trade tensions may disrupt its access to key production equipment…
Biden rushes jobs reassurance along with his 50% emissions cut
As President Joe Biden unveils an ambitious target this week to cut the nation’s climate-warming emissions, his administration is also taking steps to refute critics…
Japan’s exports jump by double-digits for first time since 2018
Japanese exports posted a double-digit increase for the first time in more than three years in March as the recovery picked up in key markets…
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