FRANKFURT/DUESSELDORF, Germany (Reuters) – Thyssenkrupp <TKAG.DE> is nearing a full sale of its elevator division, three people familiar with the matter said, adding that this would secure the highest valuation of about 16 billion euros ($17.3 billion) to help the company pay down debt. The sale, potentially Europe’s biggest private equity transaction in 13 years, […]
BEIJING (Reuters) – China may issue new policies to stimulate demand for automobiles, with the country’s auto industry still facing difficulties, Xin Guobin, vice minister of industry and information technology, said on Monday. There is still not enough demand for autos, Xin told reporters, as the outbreak of the coronavirus has dramatically cut private consumption. […]
SAN FRANCISCO (Reuters) – Virgin Galactic Holdings Inc <SPCE.N> shares surged 24% on Tuesday, extending a rally since early December to over 400% and evoking a warning from an analyst who likes the space tourism company but warns it has become overbought. Shares of the company backed by billionaire Richard Branson have taken off in […]
