Satellite maker SES's shares slump on merger speculation
(Reuters) -Satellite company SES's Paris-listed shares slumped as much as 10% on Thursday after the Financial Times reported it was in talks with U.S. rival Intelsat about a possible merger.
(Reuters) -Satellite company SES's Paris-listed shares slumped as much as 10% on Thursday after the Financial Times reported it was in talks with U.S. rival Intelsat about a possible merger.
Satellite company SES's CEO reiterated on Thursday he saw industry consolidation as a good thing for the highly competitive market, but would not comment on merger rumours after the group posted stronger-than-expected half-year earnings.
United Nations Secretary-General Antonio Guterres on Wednesday slammed the "grotesque greed" of oil and gas companies and their financial backers and urged governments globally to "tax these excessive profits" to support the most vulnerable people.
Satellite company SES on Thursday reported stronger-than-expected core earnings for the first half of the year driven by its core video business.
Boeing Co faced added uncertainty over crucial plane deliveries to China on Wednesday as a visit to Taipei by U.S. House of Representatives Speaker Nancy Pelosi angered Beijing and risked stoking Sino-U.S. trade tensions.
Euronext wheat prices fell on Wednesday in step with Chicago futures as progress in resuming maritime grain exports from war-torn Ukraine offset support from brisk international demand, traders said.
Australian telecoms firm Telstra Corp will address competition concerns by de-registering some radio-communications sites that interfered with Optus' plans to roll out its 5G network, the country's competition regulator said on Wednesday.