Saturday , August 8 2020

News

Argentina’s creditors seeking foreign backing on debt clauses

Bloomberg Argentina’s creditors have approached several international organisations to seek endorsement for a proposal to change the rules that govern some of the country’s overseas securities, according to people familiar with the matter. The International Monetary Fund (IMF), the US Treasury, the International Capital Market Association (ICMA) and the Institute ...

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Siemens Healthineers set to acquire Varian Medical for $16.4bn

Bloomberg Siemens Healthineers agreed to buy Varian Medical Systems in cash in a transaction that values the medical equipment maker at about $16.4 billion, more than 20% above its current market value. The German company offered $177.5 a share for the Palo Alto, California-based business, which will be financed through ...

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UK weighs London lockdown in worst-case scenario: Reports

Bloomberg Prime Minister Boris Johnson is considering sealing off Greater London and ordering at-risk members of the population to stay at home under a potential scenario designed to avert a second national lockdown, according to news reports on Saturday. Possible measures include locking down the capital if infection rates spike ...

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How the pandemic may change ‘work-life balance’ forever

Bloomberg When it comes to helping employees balance work hours with relaxation, Acuity Insurance Chief Executive Officer Ben Salzmann has a unique tool at his disposal: a 65-foot Ferris wheel. Before the pandemic struck, Salzmann would regularly fire up the amusement-park staple inside the company’s Sheboygan, Wisconsin, headquarters. About twice ...

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Italian investors may bid for LSE unit, reports Corriere

Bloomberg A group of Italian investors may bid for London Stock Exchange Group Plc’s Borsa Italiana unit, amid government pressure to keep an asset that’s considered strategic in “Italian hands,” Corriere della Sera reported. The potential investors include banks, Italy’s state lender Cassa Depositi e Prestiti, insurance firms and state-backed ...

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