Alstom in Talks for $7 Billion Buyout of Bombardier Train Unit

(Bloomberg) – Want the bottom in European markets? In your inbox before opening, everyday. Register here. French train manufacturer Alstom SA has confirmed that it is in talks to acquire the railway operations of Canadian troubled train and aircraft manufacturer…

Billionaire B.R. Shetty Resigns from Abu Dhabi’s Ailing NMC Health

(Bloomberg) – NMC Health Plc, a hospital operator targeted by short seller Muddy Waters, said that founder Bavaguthu Raghuram Shetty resigned while checking to see if he had misrepresented his assets in the ;business. Co-chair Shetty has resigned with immediate…

Russian c-bank reports successful completion of blockchain platform pilot for issuance of digital rights

The platform allows the digitization (tokenization) of raw materials, services, securities and other assets. The Central Bank of Russia today announces the successful completion of a blockchain platform pilot project for digital rights issuance and turnover. The project is part…

Oil traders rent South Korean storage after virus hits China demand

By Julia Payne, Dmitry Zhdannikov and Florence Tan LONDON / SINGAPORE (Reuters) – Several major trading houses rented millions of barrels of crude oil storage in South Korea this month to maintain excess oil after the coronavirus epidemic slowed demand…

Global asset manager Ninety One aims to float on LSE and JSE

Ninety One plc's shares will be listed on the main LSE market, with a secondary secondary listing on the main board of the JSE. Global asset manager Ninety One, currently known as Investec Asset Management, today confirms its intention to…

GLOBAL MARKETS-Asian shares near 3-week highs on Chinese support measures; Japan skids

(Adds European equity futures, updates levels throughout) * Asian stock markets: https://tmsnrt.rs/2zpUAr4 * MSCI outside Japan, Nikkei stumbles * Chinese actions are based on hopes of recovery * Japan's GDP decreases at the fastest rate in 6 years * Singapore…