Acrotec, which makes components for watchmakers including Rolex and Patek Philippe, is being readied for a sale worth up to 950 million Swiss Francs ($1 billion) including debt by its private equity owner Castik Capital, three people close to the matter said.
A scarcity of rainfall expected in the coming days should further delay Brazil's soybean planting, impacting supply of the country's most prized agricultural export commodity in January, consulting firm AgRural said on Monday.
Philippine Airlines Inc [PHL.UL] (PAL) said on Monday it is cutting up to a third of its workforce, or around 2,700 jobs, as the aviation sector continues to suffer from pandemic-driven travel curbs.
Mainly above-average rains interspersed with sun last week in most of Ivory Coast’s cocoa regions should improve the chances of a larger, higher-quality October-to-March main crop, farmers said on Monday.
U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada's greener fuel standard before Canadian refiners modify their own plants.
Shares in K+S rose 19% percent on Monday after the German minerals company confirmed it was in advanced talks to sell its North and South American salt business to Stone Canyon Industries Holdings for $3.2 billion.
Goldman Sachs is advising clients to buy sterling, noting that recent events indicate Britain and the European Union were converging towards a post-Brexit trade deal which it reckons could be done by early November.
As Britain's negotiations with the European Union on a post-Brexit trade deal go down to the wire, Prime Minister Boris Johnson says his country could trade with the bloc on similar terms to Australia, if no agreement is reached.
The combination of COVID-19 and a failure to secure a post-Brexit trade deal with the European Union could cost the United Kingdom around 134 billion pounds ($174 billion) each year in lost GDP for a decade, research by law firm Baker & McKenzie showed.
Malaysia Aviation Group, the holding company for Malaysia Airlines Bhd, said in a letter to lessors the group is unlikely to be able to make payments owed after November unless it receives more funding from state fund Khazanah.
U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada's greener fuel standard before Canadian refiners modify their own plants.
The outlook for the aviation industry has deteriorated again due to rising coronavirus infections and renewed travel restrictions, Airbus chief operating officer Michael Schoellhorn was quoted as saying on Saturday.
Turkey's wealth fund is in talks to provide emergency funding to flag carrier Turkish Airlines, one of the country's hardest-hit companies when the coronavirus pandemic halted nearly all flights, four sources told Reuters.
House Speaker Nancy Pelosi said Friday that agreement was "imminent" on a deal to provide another $25 billion in government assistance to keep tens of thousands of airline workers on the job for another six months.
Vivendi plans to keep buying shares in Lagardere and is open to acquiring activist fund Amber Capital's stake in the company, which could trigger a tender offer for the rest of the Lagardere's stock, Vivendi said in a filing on Friday.
House Speaker Nancy Pelosi said Friday that agreement is "imminent" on a deal to provide another $25 billion in government assistance to keep tens of thousands of airline workers on the job for another six months.
Argentina's main farm association said on Friday that government measures to cut export taxes on grains were inadequate and failed to address issues facing local farmers amid a grave economic crisis and strict capital controls.
Reuters
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