News & Analytic Centre

Nov 22 Reuters Honeywell will sell its personal protective equipment business to Protective Industrial Products for about 1.33 billion in cash, it said on Friday, further streamlining its business. A potential sale of the PPE business was disclosed before activist Elliott Investment called for a split of the company39;s aerospace and automation businesses after taking a 5 billionplus […]

Nov 22 Reuters U.S. bank Citigroup has received approval to establish its regional headquarters in Saudi Arabia39;s Riyadh, according to an internal memo seen by Reuters on Friday. Riyadh has been looking to attract more companies to set up their regional headquarters in the kingdom by offering tax breaks as Crown Prince Mohammed bin Salman looks to wean […]

Nov 22 Reuters Bank of America39;s private banking arm said on Friday industry veterans Phillip Edwards and Lauren Stuhmer would join its Palm Beach office as private client advisers. Edwards and Stuhmer, who have a combined experience of more than 50 years in the financial industry, would join from Citi39;s private banking arm, where they were […]

Nov 22 Reuters French drugmaker Sanofi plans to change its policy on how it gives discounts to certain U.S. hospitals that serve lowincome and uninsured patients, the Wall Street Journal reported on Friday. Sanofi plans to send a letter, reviewed by WSJ, to hospitals outlining its new model on Friday, the report said, citing people familiar […]

PARIS, Nov 22 Reuters Thales shares fell sharply on Friday after Britain39;s Serious Fraud Office said it and French authorities were investigating suspected bribery and corruption at the company. Shares in the group, in which the French state holds a 26.6 stake, were around 5 lower in early trade, on track for their biggest oneday slump in four […]