JPMorgan Chase & Co (JPM.N) and Goldman Sachs Group Inc (GS.N) may raise their bonus pools for investment bankers by as much as 40% and 50% respectively this year, sources…
Category: Business
Analysts say McDonald’s, Beyond Meat plan big U.S. 2022 McPlant expansion
McDonald's Corp (MCD.N) is planning a major expansion of its plant-based burger with Beyond Meat Inc (BYND.O) in the United States in 2022, according to two Wall Street analysts. The…
Veolia and Suez gain EU green light for $14.7 bln deal
French waste and water management companies Veolia (VIE.PA) and Suez (SEVI.PA) won EU antitrust approval on Tuesday for their 13 billion euro ($14.7 billion) tie-up to create a global group…
Brazil’s Petrobras higher price demands delay refineries sales-
Brazil's state-controlled oil company Petrobras (PETR4.SA) has raised prices at least once in the middle of the divestiture process of its largest refineries, frustrating some bidders and delaying the long…
Shimao share price slump rekindles China property concerns
Sharp falls in Shimao Group's shares and debt, triggered by worries over an asset sale and cancelled apartment deals, renewed concerns on Tuesday over China's property sector. Shares in Shimao…
KKR keen to engage with TIM on bid, no deadline for due diligence
U.S. fund KKR (KKR.N) said it was keen to engage with Telecom Italia (TIM) (TLIT.MI) over its $37 billion takeover proposal for the phone group and expected to conduct a…
Tesla to accept dogecoin as payment for merchandise, says Musk
Tesla Inc (TSLA.O) chief Elon Musk said on Tuesday the electric carmaker will accept dogecoin as payment for merchandise on a test basis, sending the meme-based cryptocurrency up over 20%.…