MichaelShields
Stories by MichaelShields
ABB sells joint venture stake worth $1.7b back to Hitachi
Hitachi exercised its option to buy the stake in the JV formed from ABB's Power Grids business in 2020.
Alibaba gets 6.1% stake in Dufry after capital increase
Private equity group Advent International will have a stake of 11.4% in Dufry.
ChemChina, Sinochem merge agricultural assets into holding firm Syngenta
ChemChina wants to list Syngenta on China's technology-focused STAR market in mid-2020.
Rich Chinese outnumber wealthy Americans for first time: Credit Suisse
The survey found 100 million Chinese ranked in the global top 10% as of the middle of this year versus 99 million in the US.
Credit Suisse aims to take control of China securities venture
China now allows foreign banks to hold controlling stakes in securities JVs as a part of the country's pledge to ease ownership curbs.
Hong Kong suspends UBS as IPO lead underwriter for 18 months
UBS did not specify what led to the suspension.
ABB to acquire GE Industrial Solutions for $2.6b in bet it can boost margins
Zurich-based ABB sees potential for annual cost benefits of $200 million with the deal.
Credit Suisse to axe 2,000 more investment banking jobs
Switzerland's second-biggest bank said it would shave an additional $821 million off costs and cut 2,000 more jobs from its global markets division.
