news

Uber's Ex-CEO Kalanick Scores $400 Million for Startup: WSJ

07.11.2019, 16:09

Travis Kalanick’s secretive new food startup took $400 million of funding from Saudi Arabia’s Public Investment Fund, the Wall Street Journal reported, citing people familiar with the matter it didn’t identify.

Exclusive: KKR targets record $15 billion for new Asia-focused fund - sources

07.11.2019, 15:26

Global private equity group KKR & Co Inc (N:KKR) is targeting a record $15 billion (£11.7 billion) for its new Asia-focused buyout fund, three sources with knowledge of the fundraising plan told Reuters.

Deutsche Telekom dismisses talk of trouble at T-Systems

07.11.2019, 13:37

Deutsche Telekom (DE:DTEGn) dismissed reports of operating problems at its IT services unit T-Systems, saying the business was on track and that it had recently extended CEO Adel Al-Saleh's contract.

HeidelbergCement shares fall as group warns of fourth-quarter weakness

07.11.2019, 12:48

HeidelbergCement (DE:HEIG), the world's No.2 cement maker after LafargeHolcim (S:LHN), warned on Thursday of a weak end to the year, sending its shares to the bottom of Germany's benchmark DAX index (GDAXI).

Glencore strikes deal with Katanga over $5.8 billion rights issue

07.11.2019, 12:03

Katanga Mining Limited (TO:KAT), a big Congolese copper and cobalt producer, said on Thursday it would raise around $7.6 billion Canadian dollars ($5.8 billion/£4.5 billion) via a rights issue as part of a debt-for-equity swap with parent Glencore (LON:GLEN).