Markets

Ørsted and Equinor Share New York Offshore Wind Spoils

Ørsted and Equinor Share New York Offshore Wind Spoils More broadly, Equinor is committed to developing the nation's first offshore wind supply chain to support the construction, installation and operation of offshore wind projects . The German-Spanish manufacture will deliver its 8MW machine to the projects subject to final investment decisions, according to Orsted. Construction is planned to start in 2021, and the wind farm will be operational ... [Full Article...]

AB InBev sells Carlton & United Breweries to Asahi for $16bn

AB InBev sells Carlton & United Breweries to Asahi for $16bn The company had a trading volume of 1,552,523 shares, compared to its average volume of 1,111,499. Large investors have recently modified their holdings of the business. The consumer goods maker reported $1.27 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $1.27. Ratings analysis reveals 0 of Anheuser-Busch InBev's analysts are positive. [Full Article...]

PepsiCo to buy South Africa's Pioneer Food for US$1.7-billion

PepsiCo to buy South Africa's Pioneer Food for US$1.7-billion PepsiCo said Pioneer has "a robust, locally relevant product portfolio" that complements its current line-up, with "strong" positions in cereals, juices and other African nutritional food staples, including well-known, scaled brands such as Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star. [Full Article...]

Crypto Exchange BitMEX Under Investigation by CFTC

Crypto Exchange BitMEX Under Investigation by CFTC USA regulators have been clamping down on crypto trading firms in recent months. For instance, USA -based Bittrex and Poloniex delisted tens of tokens earlier this year over concerns they could be deemed securities by the SEC. Despite the ban, BitMEX CEO Arthur Hayes stated in an interview in January that users from banned jurisdictions like the United States can bypass the cryptocurrency ex... [Full Article...]

AB InBev to pass Australian brand to Japanese Asahi

AB InBev to pass Australian brand to Japanese Asahi Sources close to the matter said investors had baulked at the price. AB InBev said it still believes in the rationale of a potential offering of a minority stake of Asian business Budweiser APAC, excluding Australia, provided it could be completed at "the right valuation". [Full Article...]

Toys "R" Us to reopen new, more interactive stores

Toys The stores, as part of a joint venture b8ta, will be carefully curated to give shoppers a new experience in a smaller-format space, spanning about 6,500 square feet compared to some of its past locations that were about 30,000 square feet. "Ready to play? We're SO excited to announce our partnership with b8ta to bring back Toys " R " Us!" Toys R Us provides established brand power of the ultimat... [Full Article...]

New Chevrolet Corvette could get hybrid or electric versions

New Chevrolet Corvette could get hybrid or electric versions Chevy's new Corvette will tour 125 dealerships nationwide, beginning later this month. Chevrolet has unveiled the latest Corvette to roll down the assembly here in 'Vette City, USA, and they say this model is special for a few reasons. Prices of other versions weren't announced but the current Corvette can run well over $100,000 with options. Ahead of the evening launch inside a vast hangar,... [Full Article...]

RBS chief Ross McEwan returns Down Under to turn around NAB

RBS chief Ross McEwan returns Down Under to turn around NAB Mr McEwan's appointment comes as NAB works to rebuild its reputation with consumers, governments and regulators after allegations that it engaged in potential criminal misconduct as part of the "fees for no service" scandal revealed during the royal commission. [Full Article...]


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