CategoryCorporate

NSI sells shopping centers

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Real estate investor NSI sells Vasco da Gama district shopping center in Utrecht, Hof ter Hage shopping complex in The Hague and Sterpassage, part of the In de Bogaard shopping center in Rijswijk. The various transactions have a total value of 29.3 million euros.   According to the company, the selling price is in line with the book value of the locations at the end of last year. It was not...

Nordea Bank CEO retires next year

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The Scandinavian Nordea Bank has to look for a new top man. The current top boss Casper von Koskull has indicated that he will retire at the end of next year.   Nordea is already bringing out the news because there have been rumors in the market lately about a possible departure from Von Koskull, who has been managing the bank since 2015. The CEO is now 58 years old. He will be 60 next September...

Deutsche Bank cuts 20,000 jobs

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Deutsche Bank is working on a plan to cut up to 20,000 jobs. Initiates report this to business newspaper The Wall Street Journal. These numbers represent approximately 20 percent of the total workforce. Bloomberg news agency also reports based on sources that a wave of layoffs is coming.   The investment bank division gets the biggest blows, writes Bloomberg. According to the news agency...

Just a small deal for AkzoNobel

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The sale of a former British paint factory by AkzoNobel means a small deal for the paint giant. Experts from KBC Securities write this in a report. The experts point out that the deal will have no effect.   Production at the Wexham Road location has been standing still since 2016. The sale raised a total of 75 million euros, with a one-off book profit of 57 million euros. This is put in the books...

More sales for Nike

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Sporting goods maker Nike has seen sales rise in the fourth quarter of its broken financial year. That appeared on Thursday from a trade report from the company. Sales forecasts were defeated in North America and China. The company also benefited from the growing number of buyers via the app and the website. The quarterly profit, however, disappointed.   Nike put nearly $ 10.2 billion in revenues...

Nikkei lower awaiting G20 summit

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The stock exchange in Japan ended on a loss on Friday. Investors did not take any risks pending the outcome of the consultation between US President Donald Trump and his Chinese counterpart Xi Jinping at the G20 summit, which will be held in Japan on Friday and Saturday. The other Asian stock exchanges also took a step back.   The Nikkei in Tokyo was 0.3 percent lower in the weekend at 21,275.92...

Share of truck division VW will cost 27 euros

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The truck and bus division of automaker Volkswagen (VW) goes public on the stock exchange for 27 euros. That is at the bottom of the bandwidth that was previously issued for Traton, as the division behind brands like MAN and Scania.   That price range was initially 27 euros to 33 euros per share, later tightened to 27 euros to 28 euros. Traton is expected to make its stock market debut on Friday...

Osram sells light fixture company

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The German lighting manufacturer Osram Licht has sold its luminaire daughter Siteco. That company is being taken over by investor Stern Stewart Capital. Financial details were not disclosed.   Osram wants to transform into a high-tech company and making luminaires no longer fits in with that. Stern Stewart Capital is the investment arm of a consultancy firm of the same name. Osram has been...

New problem discovered with Boeing 737 MAX

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The American aviation authority FAA has identified a new potential risk that aircraft maker Boeing must resolve before the 737 MAX aircraft can be taken back into the air. The FAA informed the Reuters news agency, without mentioning the exact problem.   The problem allegedly came to light during a test in a simulator last week, sources reported. As a result of the discovery, a rapid certification...

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