Earnings season. Old Mutual
and Eiffel Tower
are among companies reporting in Europe. TD Ameritrade
and Coupa Software
in the United States.Debenhams looking to borrow 150m pounds. Debenhams
has confirmed it is in advanced negotiations to borrow 150 million pounds, in addition to £520m of long-term debts. The aim of this funding is to enable the business to restructure its store portfolio.Something new for the Alliance.
trio has scheduled a press conference on Tuesday in Japan, probably to announce the creation of a joint council on the alliance. Carlos Ghosn wants to be on Nissan's board of directors on Tuesday, as he still has his seat despite his dismissal from the presidency. Renault issued a press release shortly before the opening, in which it "confirms that it is in discussions with its Alliance partners, Nissan Motor Co., Ltd. and Mitsubishi Motor Co., Ltd., regarding the creation of a new Alliance body to improve and strengthen their collaboration. The proposed agreement will have no impact on the existence of RAMA and the cross-shareholding structure, both of which will remain in place.Essar, the epilogue?
The Indian courts accepted the offer to take over Essar Steel
and its ally Nippon Steel & Sumitomo. Their proposal amounts to 500 billion rupees, including 80 billion rupees of investment. The founders of Essar, who had submitted an alternative proposal, took note without indicating at this stage what their intentions were.The B737MAX 8 in the spotlight.
After the crash of an Ethiopian Airlines Boeing
737MAX yesterday, China is grounding aircraft of this type until doubts are dispelled. The American aircraft manufacturer has also postponed the presentation of its B777X. This is the second accident in a few months for Boeing's latest generation bestseller, which raises inevitable questions. We must also keep an eye on Safran as the LEAP-1B that powers Ethiopian's B737MAXs have been supplied by the CFM International joint venture.New flirtation.
After last week's revelations, new rumors tend to confirm the start of discussions between the boards of directors of Deutsche Bank
, with a view to a merger. The talks are at a very preliminary stage, but the topic of banking consolidation in Germany has been relaunched.Reversal. Tesla
announced this morning an average rate increase of 3% for its vehicles worldwide starting March 18, for the most expensive versions of its 3, X and S models. The price of the entry-level Model 3, USD 35,000 in the United States, remains unchanged. In addition, the manufacturer has decided to close fewer points of sale than planned.Levis's is coming back.
The famous jeans manufacturer Levi Strauss
hopes to raise up to $587 million when he goes public, 30 years after leaving the stock exchange. The shares will be offered between USD 14 and 16.In other news. Anta Sports
succeeds in its takeover bid for Amer Sports
(Solomon, Atomic...) for 4.69 billion euros. Nvidia
will buy Mellanox for $6.8 billion in cash. Spotify
are expanding their partnership. Ryanair's boss thinks that there will be consolidation in the European airline sector. Alibaba
is investing nearly $700 million in the Chinese packaging company STO Express.