By Valentina Za and Tom SimsMILAN (Reuters) -The European Central Bank has given UniCredit the green light to buy up to 29.9% of Commerzbank (ETR:CBKG), the Italian bank said, adding it would likely wait until next year before deciding whether to pursue a full takeover.With Germany up in arms against the potential acquisition, UniCredit’s CEO Andrea Orcel, a veteran dealmaker, has thrust his ban ...
Investing.com - Canada’s main stock market ticked higher after opening on Friday, pointing to a bounce at the end of a week marked by turmoil and uncertainty over Ottawa’s trade relations with the United States.By 10:30 ET, the S&P/TSX 60 index had risen by 13.3 points or 0.9%.The Toronto Stock Exchange’s S&P/TSX composite index also advanced up 220 points or 0.9%, after sinking ...
Investing.com -- S&P Global Ratings has revised its outlook on Anheuser-Busch InBev S.A./N.V. (EBR:ABI) to positive from stable, citing the company’s strong free cash flow generation and momentum in reducing debt. The ’A-/A-2’ long- and short-term issuer credit ratings on ABI and the ’A-/A-2’ issue ratings on its senior unsecured debt instruments and programs have been affirmed.The ...
(Reuters) -PepsiCo is in advanced talks to buy healthier soda brand Poppi in a deal worth more than $1.5 billion, Bloomberg News reported on Friday, citing people with knowledge of the matter.The soda and snacks giant could announce the deal as soon as next week, the report said. While deliberations are at a late stage, they could still be delayed, it said.Poppi, based in Austin, Texas, was f ...