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Lagos, South Africa and New York
Friday, June 5, 2020

PSA may move production of electric vehicle components back in-house

FRANKFURT (Reuters) - French carmaker PSA (PEUP.PA) is considering moving the production of electric vehicle components back to within the company, a PSA director told Reuters on Tuesday. “We are having some thoughts regarding ‘make or buy’ concerning the electric chain of motors, we will...

Marriott International to Debut Mauritius’ Aloft Hotels with Signing of the Brand’s First Adaptive Re-Use Project in Africa

9 Floor Office Building Will Transform into 150 Room Aloft Hotel Bringing the Brand’s Buzzing Social Scene to the Island DUBAI, United Arab Emirates, March 23, 2017/ -- Marriott International, Inc. (NASDAQ:MAR)  today announced plans to launch its cutting-edge Aloft brand in the capital city...

Naspers shares hit 4-week lows after China launches cyber investigation

JOHANNESBURG - Shares of Naspers fell more than 3 percent to four-week lows on Friday after China launched an investigation into its top social media sites, including the South African media company's subsidiary Tencent's WeChat. The Cyberspace Administration's investigation is the latest step in China's...

Six banks sign up to UBS-led digital cash initiative

Swiss rival Credit Suisse among those joining project to make settling payments faster and less risky By Clare Dickinson Six major global banks have joined a project led by UBS to create a form of digital cash to speed up payments and settlements in the...

Investor With 30% in Cash Says North Korea Selloff Will Come

By Livia Yap   Stock markets are headed for a big selloff, maybe not today, but soon. That’s the view of Nader Naeimi, who heads a dynamic investment fund at AMP Capital and helps manage about $110 billion. The Sydney-based investor has about 30 percent of his...

Rolls-Royce to Pay $807 Million to End U.K., U.S. Bribery Probes

CEO East prepares to settle charges over actions of middlemen Propose fine will be largest ever from a U.K. authority Rolls-Royce Holdings Plc agreed to pay about 670 million pounds ($807 million) to resolve long-running U.S. and U.K. investigations into allegations its representatives bribed...

HNA’s Biggest Shareholder Doesn’t Really Exist Yet

HNA Group had its start as a small airline, and has now evolved into a giant, global conglomerate with stakes in big names like Deutsche Bank and Hilton On Monday, the conglomerate publicly revealed its ownership structure — an unusual move A massive private...

Amazon agrees to buy Whole Foods for $13.7bn

Investors sell shares of rivals as ecommerce company upends US grocery sector Amazon is buying upmarket grocer Whole Foods Market for $13.7bn, in the largest deal so far for Jeff Bezos as his ecommerce group seeks to exploit its online scale to challenge the likes...

Investors look to global growth for earnings power

Caroline Valetkevitch | NEW YORK America First may be a main policy of the White House and fuel to the stock market rally but U.S. investors are looking overseas for stronger earnings as S&P 500 companies are set to report their first quarter of...

European Union mergers and takeovers (March 23)

BRUSSELS, March 23 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Private equity firm Bridgepoint to acquire British vehicle leasing company Zenith from private equity firm HgCapital Trust Plc...