Dubai's Arabtec denies Depa stake hike plans
Dubai-based construction company Arabtec Holding had no plans to up its stake in interior contracting firm Depa, according to a statement made by Arabtec to Dubai's bourse.
Industrials
Amazon Is Ending Drone Deliveries in California, Eyes Arizona Expansion
Amazon has ceased drone delivery operations in Lockeford, California, as it prepares to expand its Prime Air program in Arizona.
Norway Labor Unions Successfully Negotiated a 5.2% Wage Increase, Avoiding Major Strike
Labor unions and employers in Norway have successfully negotiated a 5.2% wage increase...
House Purchase Applications Continue To Dip As Mortgage Rates Remain High
Despite a slight dip in average interest rates for 30-year fixed-rate mortgages, weekly mortgage demand remains stagnant, with fewer applicants seeking loans for refinancing or home purchases...
UPS Lands Primary Air Cargo Deal with USPS as FedEx Ends 20-Year Partnership
UPS will manage the majority of air cargo transportation for USPS. The contract between the two entities is set for a minimum of five and a half years...
United Airlines Urges Pilots to Take Unpaid Leave Amid Boeing's Production Woes Affecting Aircraft Deliveries
United Airlines requests pilots' unpaid leave due to Boeing delivery d...
Union Strike at Molson Coors Escalates as Negotiations Collapse Over 5 Cents Pay Increase Offer
Negotiations crumble between Molson Coors and union workers in Fort Wo...
Latest News
Perth miner Mirabela Nickel secures $45M in interim financing
Perth, Australia-based mining firm Mirabela Nickel Ltd secured a $45-million (A$50.7-million) loan from its note holders in an interim financing deal as the Rothschild Capital Funds looks for investor
Caddo agency purchases former GM plant in Louisiana
The officials of Caddo Parish's Industrial Development Board closed the deal on Friday afternoon to acquire the former General Motors (GM) facility from RACER Trust for $7.5 million.
Qatar energy firm GIS to buy out Japan partner with 30% stake acquisition
Qatar-based oil and gas drilling company Gulf Drilling International (GDI) is poised to become a wholly-owned subsidiary of Gulf International Services (GIS) with the latter acquiring the entire 30% s
Africa's richest man to invest $9 billion on Nigerian oil refinery
Aliko Dangote, Africa's richest man with about $22 billion net worth, is set to spend $9 billion to build the largest privately-owned oil refinery in Nigeria.
Lanco Infratech nears deal for INR7,500 crore corporate debt restructuring
Lanco Infratech on Friday reportedly met with a consortium of over 25 lenders to discuss details on its proposed INR7,500 crore corporate debt restructuring deal. The said deal will also give the cash
Invepar wins rights to upgrade, operate Brasilia-Rio de Janeiro highway, to invest $3.2 billion
Infrastructure group Invepar SA has won the rights to operate a 937-kilometer stretch of Brazil's BR-040 highway, connecting Brasilia to Rio de Janeiro. Invepar is expected to invest $3.2 billion in B
Spanish builder FCC shares jump on news of American investor George Soros' 3% stake purchase
Shares of debt-laden construction firm FCC SA leaped by as much as 8.8% on Friday following news that American hedge fund Soros Fund Management, controlled by billionaire George Soros, had acquired a
GS Holdings and LG to pay $598M for combined stake in South Korea's STX Energy
South Korean oil refiner operator GS Holdings Corp entered into an agreement with commodity trader LG International Corp to acquire a combined stake in STX Energy for $598 million.
Rosneft not eyeing any more acquisitions, will focus on Morgan Stanley unit merger instead
Russian oil producer Rosneft said on Friday that it does not have any plans to make strategic acquisitions after agreeing to acquire Morgan Stanley's oil trading unit last week.
