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British Steel risks collapse with 25,000 jobs at stake

British Steel risks collapse with 25,000 jobs at stake

British Steel, the country’s second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency £30mn ($38mn) loan, two sources close to the situation said.

T-Mobile under pressure to sweeten Sprint Corp package for DoJ approval

T-Mobile under pressure to sweeten Sprint Corp package for DoJ approval

T-Mobile US Inc suffered a significant setback in its bid for regulatory approval of its takeover of Sprint Corp after failing to win over the US Justice Department with a remedy package, putting pressure on the companies to offer more concessions.

European stock markets recover from Huawei scare; pound jumps

European stock markets recover from Huawei scare; pound jumps

Relief that the United States took a step away from imposing crushing restrictions on Huawei helped stocks recover yesterday, while the pound whiplashed on fresh Brexit drama. After hitting a four-month low at $1.2685 the pound shot higher on speculation Prime Minister Theresa May

Yuan slump derails the big year of foreign buying in China’s markets

Yuan slump derails the big year of foreign buying in China’s markets

Expectations that $200bn of foreign money would flow into China’s capital markets this year are looking nothing short of optimistic. For overseas investors, a weaker currency is the latest factor making yuan-denominated assets less attractive.

How the Huawei ban threatens to throttle global 5G rollout

How the Huawei ban threatens to throttle global 5G rollout

Huawei Technologies Co looked like it would survive a US campaign to persuade its allies to block the supplier from their new mobile networks. Now, Trump’s move to put the company on an export blacklist threatens to shake the entire telecom industry.

HSBC plans more China tech jobs in push for market share

HSBC plans more China tech jobs in push for market share

HSBC Holdings PLC plans to add more than a 1,000 jobs this year at its technology development centres in China, as the Asia-focused lender seeks to bolster its presence in the world’s second largest economy.

PNB set to take control of 3 state-run Indian banks

PNB set to take control of 3 state-run Indian banks

India’s Punjab National Bank is looking to merge with two or three government owned banks that could include Oriental Bank Of Commerce, Andhra Bank and Allahabad Bank, two sources familiar with the situation told Reuters, as New Delhi tries to cut the number of state-owned lenders.

Asia markets mostly rise but Huawei, trade war loom large

Asia markets mostly rise but Huawei, trade war loom large

Asian markets mostly rose yesterday but concerns about the Huawei row and broader China-US trade war kept investors on edge, with analysts warning the crisis could rumble on for some time.

PayPal-backed German fintech brings its savings platform to US

PayPal-backed German fintech brings its savings platform to US

A German fintech firm that counts PayPal Holdings Inc among its investors wants to expand its Internet platform for bank-savings products to the US. Raisin GmbH, which claims to be “first and only pan-European deposit marketplace,” has hired Wealthfront’s Paul Knodel to create its US business.

Swedbank capitalises on safest debt amid dirty-money scandal

Swedbank capitalises on safest debt amid dirty-money scandal

Sweden’s biggest mortgage bank has returned to the safest corner of the debt market after a money-laundering scandal drove up funding costs for riskier bonds. Swedbank AB, which is based in Stockholm, on Monday issued euro-denominated covered bonds for a second time this year

Qatar's outbound FDI total $6.9bn in 2018: Report

Qatar's outbound FDI total $6.9bn in 2018: Report

Qatar's outbound foreign direct investment (FDI) amounted to $6.9bn in 2018, according to the FDI Report 2019.

US temporarily eases curbs on Huawei; China firm stays defiant

US temporarily eases curbs on Huawei; China firm stays defiant

The US has temporarily eased trade restrictions on China's Huawei to minimise disruption for its customers, a move the founder of the world's largest telecoms equipment maker said ...

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