OSLO, Aug 23- Frontline has agreed to buy 10 Suezmax oil tankers from Trafigura in a cash and share deal worth up to $675 million which will make the Geneva- based trading firm the group's second biggest shareholder. Under the terms of the deal Trafigura will take an 8.5% stake in Frontline valued at $128 million, and will receive a cash payment of between $538...
Gerard Dominguez Reig, senior researcher at thinktank the Education Policy Institute, says the British education system is undergoing a transformation.
OSLO, Aug 23- Frontline has agreed to buy 10 Suezmax oil tankers from Trafigura in a cash and share deal worth up to $675 million which will make the Geneva- based trading firm a large shareholder in the shipping group. Under the terms of the deal Trafigura will take an 8.5% stake in Frontline, valued at $128 million, and will receive a cash payment of between $538...
*Oil flows to China and India. *Moscow sees U.S. sanctions against Caracas as illegal. MOSCOW, Aug 22- Russian state oil major Rosneft has become the main trader of Venezuelan crude, shipping oil to buyers in China and India and helping Caracas offset the loss of traditional dealers who are avoiding it for fear of breaching U.S. sanctions.
DUEBENDORF, Switzerland, Aug 22- Electric luxury cars and sport utility vehicles may be 40% more likely to cause accidents than their standard engine counterparts, possibly because drivers are still getting used to their quick acceleration, French insurer AXA said. The numbers, based on initial trends from claims data and not statistically significant, also...
*Sunrise offers to cut rights issue by up to 1.5 bln Sfr. ZURICH, Aug 22- Swiss telecoms firm Sunrise Communications on Thursday stepped up efforts to rescue its takeover of Liberty Global's Swiss unit amid criticism from its top shareholder, saying it had found new synergies and could cut a planned rights issue to fund the deal. Sunrise said these benefits, along...
*Sunrise offers to cut rights issue by 1 bln Sfr. ZURICH, Aug 22- Swiss telecoms firm Sunrise Communications on Thursday stepped up efforts to rescue its takeover of Liberty Global's Swiss unit amid criticism from its top shareholder, saying it had found new synergies and could cut a planned rights issue to fund the deal. Sunrise said these benefits, along with the...
BRUSSELS, Aug 21- EU antitrust regulators want to know whether Facebook's proposed Libra cryptocurrency and its use of consumer data pose possible anti-competitive constraints, people familiar with the matter said on Wednesday. The European Commission sent out a questionnaire earlier this month to various parties involved in Libra, giving respondents...
*Germany mulls ways to issue new debt and finance spending. Now, signs that Germany may finally be prepared to accept higher spending to boost its economy means investors are starting to question whether entrenched market pessimism is justified. Economists have for years called on thrifty governments, above all euro zone powerhouse Germany, to spend more to...
FRANKFURT, Aug 20- Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender's recovery. The company, whose revenue has grown to 5 billion euros in the 11 years since it was founded, wants to continue to spread its risk by...
As technology develops, the way that larger types of transport are powered is changing.
HARARE, Aug 16- Please file from eMEA Zimbabwe's main opposition party called off planned anti-government demonstrations on Friday, saying it aimed to avert bloodshed after police rounded up its followers and dispersed them with batons and water cannon. The Movement for Democratic Change, which accuses President Emmerson Mnangagwa's government of...
HARARE, Aug 16- Zimbabwe's main opposition leader said his party backed down from a planned anti-government protest on Friday to avoid bloodshed and signalled the MDC would change tactics in confronting what it called a "fascist" government. Nelson Chamisa, the MDC leader who disputes President Emmerson Mnangagwa's election win last year and accuses him of...
HARARE, Aug 16- Zimbabwe police fired tear gas and beat scores of opposition supporters gathered in central Harare on Friday, as authorities moved to enforce a ban on an anti-government protest that the country's high court had upheld. More than a hundred Movement for Democratic Change supporters defied the ban, witnesses said. But with armed police having...
*German telco demands price cut in 6.3 bln Swiss franc deal. FRANKFURT, Aug 16- German telecoms group Freenet fired off a salvo of demands on Friday to cut the price and amend the terms of Sunrise Communication's proposed 6.3 billion Swiss franc takeover of Liberty Global's Swiss unit UPC. "This transaction is very unfavourable towards existing shareholders," CEO...
FRANKFURT, Aug 16- Freenet AG said on Friday it would vote against a proposed 4.1 billion Swiss franc capital hike at Sunrise Communications to fund a takeover bid for Liberty Global's Swiss unit UPC. The German telecoms firm, which owns 24.5% of Sunrise, said it was not satisfied with the 6.3 billion franc bid for UPC, whose price and structure was "unbalanced and...
Commerce Secretary Wilbur Ross company has been flourishing in China, even as he marshals billions of dollars' worth of punishing tariffs in America's deepening trade war. U.S. money manager Invesco Ltd- for which Ross was a senior executive from 2006 until he joined Trump's cabinet in February 2017- has become the top foreign manager of Chinese money in China...
WTO SETS UP DISPUTE PANEL REQUESTED BY CHINA TO RULE ON U.S.
*China restricts import quotas for banks. LONDON/ BEIJING, Aug 14- China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows. China is the world's biggest importer of gold,...
TOKYO, Aug 14- Negative rate policy- once considered only for economies with chronically low inflation such as Europe and Japan- is becoming a more attractive option for some other central banks to counter unwelcome rises in their currencies. The euro area, Switzerland, Denmark, Sweden and Japan have allowed rates to fall slightly below zero.
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