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Thomson Reuters announced the completion of a deal with the American Blackstone Group for the sale of a majority stake of the Financial&Risk unit, finversia.ru writes. The cost of the unit providing data and news mainly to clients in the financial sector was estimated at $20 billion. At the end of the deal, a 45 percent stake in F R, called Refinitiv, remained with Tomson Reuters. David Craig, who previously headed the F&R unit, became the CEO of Refinitiv. Thomson Reuters intends to return to shareholders 10 billion dollars out of the gross revenue of $17 billion received from the completion of the deal. The remaining amount will be partly directed to repay the debt in the amount of $4 billion, to cover the costs associated with the deal, as well as go to the acquisition.
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...
Taiwan's exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues ...
Great Britain’s economy was seen dropping at its most rapid pace in centuries. This was mainly from the disruptions brought by the virus crisis on demand. However, it has a high chance of recovering from inactivity next quarter as more ...
On Sunday, American Airlines Group Inc. (AAL) said that it is planning to raise as much as $3.5 billion from stock and notes offerings, as the ailing U.S. carrier grapples with the financial fallout of the travel restrictions caused by the ...
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