Carlyle quits bidding process for Thyssenkrupp marine arm
Business & Finance
Private equity firm Carlyle has dropped out of a process to buy the marine division of German conglomerate Thyssenkrupp, marking the latest blow to the firm’s ongoing restructuring efforts, Reuters exclusively reported[1]. Thyssenkrupp
Saudi's Manara in advanced talks to buy stake in First Quantum's Zambian mines
Business & FinanceDeals
Saudi Arabia’s Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals’ Zambian copper and nickel assets. Manara, a joint venture between Saudi Arabian mining company Ma’aden CVS explores options including potential break-up
Business & FinanceHealth
Reuters exclusively reported[1] that CVS Health is exploring options that could include a break-up of the company to separate its retail and insurance units, as the struggling healthcare services company looks to turn around its
African countries eye world’s first joint 'debt-for-nature' swap
EconomyEnvironment
Reuters exclusively reported[1] that at least five African countries are working on what could be the world’s first joint “debt-for-nature” swap to raise at least $2 billion to protect a coral-rich swathe of Indian Ocean. Debt-for-nature
Intel says it has no plans to divest majority stake in Mobileye
Business & FinanceDealsTechnology
Reuters was first to report[1] on Intel’s decision not to divest its majority stake in Mobileye, boosting the Israeli company’s shares by over 16%. Mobileye shares, which have dropped 73% this year, took a beating JPMorgan CEO Jamie Dimon to visit Africa in growth push