Air France-KLM (AIRF.PA) will launch a sale of catering unit Servair soon, seen worth up to around 400 million euros ($435 million), and has mandated BNP Paribas to manage the deal, sources familiar with the matter told Reuters.
Tags: BNP Paribas
Research firm Coalition lowers Deutsche Bank position in investment industry
Deutsche Bank has missed its ranking as a top three investment bank in the world. The weak EURO as well as the bank's restructuring approach pushed it to the fifth place in the investment sector.
Major banks funding Bitcoin startup on recording blockchain deals
A bitcoin startup Digital Asset Holdings has received funding from major banks. It will work closely with investors on research and commercialization of bitcoin technology applications. Digital Asset said that it has raised over $50 million funding from 13 investors. The list of investors includes JPMorgan Chase & Com, Citigroup Inc, BNP Paribas SA, CME Group Inc and Accenture Plc.
BNP Report: Alibaba Can Expand Operations with $38B in 2016
If you haven't heard of it, Alibaba is a Chinese e-commerce company that started as a e-marketplace and now has grown to offer other services like electronic payment and cloud computing. They've become one of the biggest companies in China and now, they have even more money to expand with possibly $38 billion available for deals next year.
Swedish crown slips on rate cut, dollar hits three-week high
The Swedish crown sank 1 percent on Thursday after Sweden's central bank surprised markets by cutting interest rates deeper into negative territory and saying it would pump more money into the economy, citing risks from Greece.
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Oil prices edged up after early falls on Monday as parts of Asia returned from the Lunar New Year holiday, with Brent futures moving further away from $60 a barrel and U.S. contracts moving towards $51.
Oil dropped below $62 a barrel on Wednesday, failing to build on gains of more than 1 percent in the previous session as analysts said a recent rally in prices was overblown.
U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006.
After the surprises from central banks which rocked markets at the start of the year, the U.S. Federal Reserve will be watched as closely as ever this week to see that it doesn't stray from its own policy path.
U.S. banks will be able to do more business in Cuba after the United States and the island nation agreed to restore diplomatic ties, but trade groups said their members will be slow to ramp up operations, fearing big penalties for mistakes.
Bank of America has hired two U.S. government officials to join its financial crimes team, according to three people familiar with the matter, as banks are under increasing pressure to police their transactions for suspicious activity.
International buyers snapped up Chinese stocks on Monday at the debut of an exchange link that allows Hong Kong and Shanghai investors to trade shares on each other's bourses, a major step towards opening China's tightly controlled capital markets.
European stocks fell back on Friday and U.S. stocks looked set to open flat after a mixed bag of euro zone growth numbers that showed France and Germany growing marginally but others like Italy still firmly in recession.
France and Germany have agreed that the banking sectors in each country should pay 15 billion euros ($19 billion) toward an EU fund designed to limit the fallout from a banking collapse, French Finance Minister Michel Sapin said on Tuesday.
