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GKN owner Melrose to return $1 BLN to shareholders after Nortek sale
Britain’s Melrose Industries laid out plans to return about 730 million pounds in cash to its shareholders after the company sold its Nortek Air...
SoftBank shrinks robotics business, stops Pepper production
SoftBank Group Corp is slashing jobs at its global robotics business. It has stopped producing its Pepper robot, as the conglomerate downgrades its industry...
GFG Alliance says it can pay back creditors after major restructuring
The GFG Alliance owned by commodities tycoon Sanjeev Gupta said that it was progressing with a major restructuring, and that will allow it to...
Natwest sells Irish commercial lending business to AIB
Natwest Group had agreed to sell most of its Irish commercial lending business to regional peer Allied Irish Banks. This is as a part of...
Emergency ECB stimulus could end next March – Holzmann
The European Central Bank could end its emergency stimulus scheme. Austrian central bank chief Robert Holzmann said that the markets may be right in...