Air France-KLM in talks with Apollo over 500 million euro cash injection

PARIS (Reuters) -Air France-KLM said on Friday it had entered exclusive talks with private equity firm Apollo for a 500 million euro ($529 million) capital injection for one of its engineering and maintenance units to help repay French state aid.

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20-05-2022

Deere lifts profit forecast, but shares slip on revenue miss

(Reuters) -Deere & Co raised its 2022 profit forecast on Friday as gaps in grain supplies triggered by Russia's invasion of Ukraine drive global crop price higher, but the heavy equipment maker's stock fell after its quarterly revenue missed analysts' forecasts.

newspaper

20-05-2022

Credit Suisse hires Barclays banker to take on Iberia investment banking - memo

Switzerland's second-largest bank Credit Suisse has hired a senior Barclays dealmaker to lead its investment banking business in Iberia in a bid to strengthen its presence in the region where deal volumes surged last year.

newspaper

20-05-2022

China's Sinosteel signs $680 million iron ore mine deal with Cameroon

Cameroon's government has signed a 420 billion CFA franc ($675.96 million) high-grade iron ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient.

newspaper

20-05-2022

Britain's new nuclear plant faces more delays and costs

LONDON/PARIS (Reuters) -A new nuclear plant in southwest England has been delayed by another year and will cost an extra 3 billion pounds ($3.7 billion), its developer warned, in a setback to the British government's drive for energy independence.

newspaper

20-05-2022

Kimberly-Clark to sell tissue paper assets in Brazil, Latam -report

Kimberly-Clark Corp is planning to sell its tissue paper assets in Brazil and Latin America, newspaper Valor Economico reported on Friday, saying the company is in talks with JPMorgan to reassess its business in the region.

newspaper

20-05-2022

U.S. bond funds see outflows for 19th straight week

U.S. bond funds continued to face huge outflows in the week to May 19 on fears that the Federal Reserve would raise interest rates higher than previously expected to keep inflation under control.

newspaper

20-05-2022

Futures rise after two-day sell-off on Wall Street

U.S. stock index futures gained on Friday, with banks and megacap growth shares rising on the last day of a week that saw market volatility on concerns about the impact of higher inflation and subsequent rate hikes to tame it.

newspaper

20-05-2022

Exclusive-Europe aims to revive magnesium output by 2025 to cut China reliance

EU policymakers have launched a drive to restart domestic output of magnesium, used in aluminium and steel products, with at least three firms working on projects, according to documents and officials.

newspaper

20-05-2022