Finance

DIA Announces €1bn Plan To Convert Debt Into Equity And Issue New Shares

Spanish supermarket group DIA said on Thursday it has agreed to convert debt owed to its main shareholder LetterOne into equity and will additionally offer...

C2FO Seeks To Address The Limitations Of Traditional Financial Institutions

As the world’s largest non-bank provider of working capital, C2FO seeks to address the limitations of traditional financial institutions in an opaque...

GlaxoSmithKline Appoints Mackay As New CFO

Consumer healthcare giant GlaxoSmithKline Plc has named Iain Mackay as its new chief financial officer. Mackay is currently HSBC Holdings Plc finance di...

JD.com's Finance Unit Raises $2bn, Doubles Valuation: Sources

JD.com, Inc.'s finance arm has raised at least 13 billion yuan (€1.67 billion) in fresh equity from Chinese investors, doubling its valuation ahead of...

Carrefour Appoints Rodié Director Of Financial Communications and Investor Relations

Groupe Carrefour has named Mathilde Rodié its new director of financial communications and investor relations. The 42-year-old takes over from Ales...

7-Eleven’s Venture Firm Gets A Brain Freeze

Silicon Valley startups were redefining convenience, and 7-Eleven Inc. executives were nervous. Instacart Inc., Postmates Inc. and others were winning c...

Unilever Joins Zero-Coupon Bond Club As ECB Bolsters Stimulus

Unilever sold euro-denominated bonds with a zero-percent coupon, the latest company to do so since the European Central Bank said it would expand its bond-...

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