Switzerland

Results for Switzerland

Swiss Steel Firm Schmolz + Bickenbach Chosen to Buy France's Ascometal

Swiss company Schmolz + Bickenbach has been chosen by a Strasbourg court to buy troubled French steelmaker Ascometal, the court said on Monday, with Schmolz + Bickenbach’s bid prevailing over a rival one from Liberty House, Reuters reported. Ascometal, w ...

Daily Headline - global.abi.org - 01/29/2018 - 23:29 - 0 comments

S&P Downgrades Swissport Due to “Highly Leveraged” Owner HNA

Ratings agency Standard & Poor’s cut Swissport’s credit rating on Tuesday as a result of its weakening outlook for HNA Group, the Swiss aviation services company’s Chinese owner. S&P cut the company’s rating one notch to B-, deeply in “junk” terr ...

Daily Headline - global.abi.org - 12/06/2017 - 00:39 - 0 comments

Pressure on Noble Group as Vitol Says Oil Deal ‘Complicated’

Vitol Group’s negotiations to buy Noble Group Ltd.’s oil trading unit are “very complicated” and may not end in a deal, the chief executive officer of Vitol said, adding to pressure on his Hong Kong-based rival, Bloomberg News reported. The sale of the o ...

Daily Headline - global.abi.org - 10/19/2017 - 00:01 - 0 comments

Swissport’s Short-Term Loans to HNA Raise Investor Concerns

Swissport has started providing short-term loans to companies linked to the HNA Group, raising concerns among investors about the intermingling of the Swiss airline services company’s funds with its Chinese parent, the Financial Times reported. HNA a ...

Daily Headline - global.abi.org - 09/24/2017 - 19:23 - 0 comments

Swiss Franc Continues Slide Against the Euro

up by 0.7 per cent on the day at SFr1.1472 – a new post-limit low for the franc. The Swiss currency ...

Daily Headline - global.abi.org - 08/02/2017 - 23:08 - 0 comments

Swiss Trader ECOM Wins German OK To Buy Cocoa Grinder Euromar

Swiss commodities trading group ECOM has received approval from German cartel authorities to purchase German cocoa grinder Euromar Commodities GmbH which declared insolvency in December, Euromar's insolvency administrator said on Tuesday, Reuters re ...

Daily Headline - global.abi.org - 05/02/2017 - 21:15 - 0 comments

Switzerland's ECOM Buys Insolvent German Cocoa Grinder Euromar

Swiss commodities trading group ECOM has agreed to buy the factory of German cocoa grinder Euromar Commodities GmbH which declared insolvency in December, Euromar's insolvency administrator said on Monday, Reuters reported. ECOM plans to resume prod ...

Daily Headline - global.abi.org - 03/13/2017 - 21:06 - 0 comments

Credit Suisse CFO Sees Bank's Growth Slowing Capital Build

Credit Suisse Group AG’s push to expand in some areas of trading and across its wealth management businesses will make it harder to build up capital buffers at the same pace as last year, Chief Financial Officer David Mathers said. After selling billions ...

Daily Headline - global.abi.org - 03/03/2017 - 07:46 - 0 comments

Glencore Eyes More Brazil Mills After Recent Acquisition

Swiss commodities trader Glencore Plc is considering additional sugar and ethanol mills takeovers in Brazil, where it recently bought a second plant, to ramp up operations in the world's No. 1 sugar producer, three people familiar with the plan said ...

Daily Headline - global.abi.org - 01/24/2017 - 21:46 - 0 comments

Glencore To Buyback $1.25 Billion Of Bonds To Cut Debt

Glencore, the miner and commodity trader, has announced plans to repurchase up to $1.25bn of bonds as part of an ongoing plan to reduce debt and leverage, the Financial Times reported. The buy back is targeting bonds that mature in 2018 and 2019 with ...

Daily Headline - global.abi.org - 10/03/2016 - 18:05 - 0 comments

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