Temasek-backed oil rig builders in mega deal amid sector downturn

SINGAPORE (Reuters) -Singapore's Sembcorp Marine (Sembmarine) has agreed to a multi-billion dollar merger with Keppel Corp's larger offshore and marine unit, a year after the Temasek-backed firms began deal talks to cope with an industry downturn.

newspaper

27-04-2022

Tata's Air India proposes to buy AirAsia India

Tata Group-owned Air India has proposed to buy the entire equity share capital of low cost carrier AirAsia India, in which Tata has a majority stake, to merge into a single airline, according to an application with India's competition commission.

newspaper

27-04-2022

Russia's Gazprom halts gas supplies to Poland and Bulgaria

SOFIA/WARSAW (Reuters) -Russian energy giant Gazprom on Wednesday halted gas supplies to Bulgaria and Poland for failing to pay for gas in roubles, the Kremlin's toughest response yet to the crippling sanctions imposed by the West for the invasion of Ukraine.

newspaper

27-04-2022

Clariant wraps up whistleblower probe, swaps out CFO

Clariant has concluded its probe of whistleblowers' allegations that some staff manipulated accounts in 2020 and 2021 to help meet financial targets, finding no impact on

newspaper

27-04-2022

High demand pushes Puma's Q1 results above expectations

FRANKFURT (Reuters) -German sportswear maker Puma reported stronger-than-expected first-quarter results on Wednesday as high demand from both retailers and consumers more than offset the impact of the war in Ukraine and supply chain bottlenecks.

newspaper

27-04-2022

Oil extends gains on Russia gas tension, China stimulus hopes

(Reuters) -Oil prices extended gains on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Bulgaria and Poland, while hopes of Chinese economic stimulus buoyed the demand outlook.

newspaper

27-04-2022

Britain's GSK tops quarterly expectations, consumer arm spin off on track

(Reuters) -Britain's GSK beat analyst expectations for its first-quarter results on Wednesday and stood by its forecasts for 2022 on the back of robust uptake of its drugs, ahead of the planned listing of its large consumer healthcare division in July.

newspaper

27-04-2022

GSK tops quarterly expectations, consumer arm spin off on track

British drugmaker GSK on Wednesday beat analyst expectations for its first-quarter profit and sales, ahead of the planned listing of its large consumer healthcare division in July, and stood by its forecasts for 2022.

newspaper

27-04-2022

China Evergrande gains six-month extension for Hengda onshore coupon payment

China Evergrande Group's flagship unit Hengda Real Estate Group Co Ltd said its creditors have approved a six-month extension of a 574 million yuan ($88 million) coupon payment for an onshore bond that was due on Wednesday.

newspaper

27-04-2022