April, 2019

• 8 April

  Pinterest seeks to raise $1.28bn in US initial public offering

  

  Bloomberg Pinterest Inc. is seeking to raise as much as $1.28 billion in an US initial public offering that could value the company below the amount it reached in its last private valuation. The maker of online inspiration boards is offering 75 million shares for $15 to $17 apiece, according to a filing on Monday. Based on the total number ...

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• 8 April

  ICG, Merieux to acquire Italian generic-drug maker Doc Generici

  

  Bloomberg Investment firms Intermediate Capital Group and Merieux Equity Partners have agreed to acquire Italian generics drugmaker Doc Generici from CVC Capital Partners for an undisclosed amount. The pharmaceutical company may have been valued at about 1.1 billion euros ($1.2 billion), people familiar with the matter said previously. Bloomberg reported last week that ICG and CVC were close to a ...

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• 8 April

  German institutes slash nation’s growth forecast

  

  Bloomberg Germany’s economy will grow by less than half the rate previously expected this year, and risks to outlook include global trade disputes and a disorderly Brexit, according to the nation’s five leading research institutes. The gross domestic product of Europe’s largest economy will expand by 0.8 percent in 2019, the institutes predicted in their latest outlook published in Berlin. ...

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• 8 April

  GE tumbles as analyst returns to bearish view

  Bloomberg General Electric (GE) fell in pre-market trading on Monday after a key analyst at JPMorgan returned to a bearish view on the stock, reversing a December upgrade that had provided a major boost to positive sentiment. Steve Tusa downgraded the shares to underweight from neutral and trimmed his price target by $1 to a Street-low view of $5, a ...

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• 8 April

  Fiat to pool cars with Tesla to meet emissions targets

  

  Bloomberg Fiat Chrysler Automobiles NV is pooling its fleet with Tesla Inc. to comply with stricter European Union rules on carbon-dioxide emissions, in a deal that’s likely to pay the US electric-car leader hundreds of millions of dollars. Tightening EU regulations that kick in next year could cost Fiat 2 billion euros ($2.2 billion) in potential fines in each of ...

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• 8 April

  Pompeo warns Haftar forces to halt advance on Tripoli

  

  Bloomberg The Trump administration issued a stern warning to Libyan militia leader Khalifa Haftar to halt his forces’ advance on Tripoli, and urged all sides to continue with political negotiations. Secretary of State Michael Pompeo said in a statement that the US was “deeply concerned” about the warlord’s threat to the internationally recognised capital. He said the military campaign was ...

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• 8 April

  Modi pledges $1.44trn on infrastructure to woo voters as elections near

  

  Bloomberg Prime Minister Narendra Modi’s ruling Bharatiya Janata Party pledged spend $1.44 trillion on infrastructure to boost the economy and raise living standards, in a bid to match its main rival’s populist promises. The BJP, which is seeking to retain power in elections starting April 11, released its manifesto in New Delhi, reiterating its pledge to double farmers’ income by ...

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• 8 April

  Trump removes DHS chief as border promises unravel

  

  Bloomberg Donald Trump’s frustration over his inability to fulfill his signature 2016 campaign promise to curb illegal immigration led him to oust his second homeland security chief, as the president eyes his re-election prospects next year. Homeland Security Secretary Kirstjen Nielsen resigned at Trump’s request after a meeting with him at the White House residence, according to people familiar with ...

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• 8 April

  May to revive Brexit talks with Corbyn

  

  Bloomberg UK Prime Minister Theresa May is hoping to re-start stalled Brexit negotiations with her chief political rival Jeremy Corbyn, in her search for a compromise plan she can sell to European leaders at a crucial summit this week. May defended her decision to work with the main opposition Labour Party leader to help draft a new blueprint for leaving ...

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• 8 April

  Sudan unrest: Chorus for Bashir resignation grow

  

  Bloomberg Protesters maintained a sit-in outside Sudanese President Omar al-Bashir’s residence for a third day, urging the army to support their uprising against the long-time ruler as the North African nation’s political unrest entered a new stage. Security forces fired tear gas in a bid to disperse the thousands-strong crowds at military headquarters in the capital, Khartoum, where the 75-year-old ...

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