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Thursday, July 13, 2017

Qatar Airways still pursuing American Airlines stake after code share hitch

(Reuters) - Qatar Airways said it will go ahead with plans to buy a stake in American Airlines Inc even though the U.S. carrier is ending their code-share agreement.

Yandex and Uber to merge in Russia and five other countries

FRANKFURT (Reuters) - Yandex, the "Google of Russia", and Uber have agreed to merge their ride-sharing businesses in Russia and five neighboring markets with Yandex as leading partner, the companies said on Thursday.

Metro food, electronics units go their separate ways

FRANKFURT (Reuters) - German retailer Metro completed its split into two companies on Thursday as its food business and consumer electronics division started trading independently on the Frankfurt and Luxembourg stock exchanges.

Chicago Sun-Times sold to group of investors led by former alderman

(Reuters) - A group of investors led by a former Chicago alderman on Wednesday purchased the Sun-Times, out-bidding the owners of the Chicago Tribune for its main rival and ending a federal antitrust investigation into the sale.

Bahrain's Investcorp sells Spain-based Esmalglass to Lone Star

DUBAI (Reuters) - Bahrain-based asset manager Investcorp has agreed to sell Esmalglass, a supplier of intermediate products for the ceramic industry, to U.S. buyout firm Lone Star Fund X for an enterprise value of 605 million euros ($693 million).

DraftKings and FanDuel say merger will not lead to higher prices

WASHINGTON (Reuters) - Daily fantasy sports companies DraftKings and FanDuel defended their planned merger on Wednesday, saying the deal would not lead to higher prices for players.

Britain floats new sovereign IPO rules in bid for Aramco prize

LONDON (Reuters) - Britain has proposed a loosening of rules on stock market listings by state companies, just as the London Stock Exchange is trying to win the IPO of Saudi Arabian oil giant Saudi Aramco, a potentially huge but controversial prize.

CITIC Bank International looks to offload $2.8 billion loan portfolio: Basis Point

HONG KONG (Reuters) - China CITIC Bank International, the offshore banking arm of conglomerate CITIC Group, is selling $2.8 billion of its Asian loan portfolio including financing it extended to ChemChina, Fosun International and China Evergrande Group, Thomson Reuters Basis Point reported on Wednesday.

Credit Agricole's Indosuez arm to buy some CIC Asian private banking units

PARIS (Reuters) - Credit Agricole's Indosuez Wealth Management arm has signed a deal to buy the Singapore and Hong Kong private banking businesses of French rival Credit Industriel & Commercial (CIC), CIC said on Thursday.

Kuehne raises Hapag-Lloyd shareholding to 17.15 percent

FRANKFURT (Reuters) - Logistics entrepreneur Klaus-Michael Kuehne has raised his shareholding in German container shipping line Hapag-Lloyd to 17.15 percent from 14.1 percent, his Swiss-based Kuehne Holding said on Thursday.