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JOHANNESBURG (Reuters) – South African Airways (SAA) said on Tuesday that it had signed a deal with Emirates [EMIRA.UL] to expand an existing codeshare agreement, in a rare bright spot for the cash-strapped airline. The state-owned carrier, which has not made a profit since 2011 and survives on government handouts, said the agreement would see the two airlines leverage each other’s route networks, cargo services and flight schedules to boost passenger flows. South African President Cyril Ramaphosa has been at pains to stabilize ailing firms like SAA, but the extent of their financial difficulties has meant slow progress calculator cufflinks uk online.
MILAN (Reuters) – British hedge fund Caius has made a payment to UniCredit (CRDI.MI) to settle a dispute over complex financial instruments which Italy’s biggest bank counts toward its core capital, the two companies said. Caius had questioned UniCredit’s CASHES securities, arguing they should not be classed as best-quality capital. “Caius intends to take no further public, legal or regulatory action in respect of UniCredit or its securities,” the firms said in a joint statement calculator cufflinks uk online.
“Without any admission of liability or wrongdoing, Caius confirms that it has also made a lump sum payment to UniCredit.”. UniCredit had filed a lawsuit against Caius in August seeking 90 million euros ($102 million) in damages calculator cufflinks uk online. As a result of the settlement, whose terms are confidential, UniCredit said it had dropped its complaint against Caius. Caius had asked for the around 3 billion euros in convertible and subordinated hybrid equity-linked securities issued by UniCredit in 2008 and known as CASHES to be converted into ordinary shares, which would have meant a big loss for holders of the instruments..
WASHINGTON (Reuters) – T-Mobile US Inc and Sprint Corp have won backing for their $26 billion merger from two national security reviews on Monday, clearing key hurdles in their tie-up bid. The deal got a nod from the Committee on Foreign Investment (CFIUS) in the United States as well as the Justice Department, Department of Homeland Security, and Defense Department -collectively referred to as Team Telecom, the companies said calculator cufflinks uk online. The merger between T-Mobile and Sprint had been expected to get an all clear from CFIUS after sources told Reuters on Friday that the firms’ respective foreign owners, Deutsche Telekom AG and Japan’s SoftBank Group Ltd, had offered to stop using Huawei Technologies [HWT.UL] equipment..
People familiar with the deal said last week that U.S. officials had pressured Deutsche Telekom to stop using Huawei gear, and the companies believed they had to comply to win approval from CFIUS, headed by the Treasury Department. Many governments around the world have shut out the Chinese firm amid worries its gear could facilitate Chinese spying calculator cufflinks uk online. While T-Mobile and Sprint do not use Huawei equipment, Deutsche Telekom and SoftBank use some Huawei gear in overseas markets. T-Mobile and Sprint, the third- and fourth-largest U.S. wireless carriers, said on Monday that Team Telecom, in a filing with the Federal Communications Commission (FCC), indicated it had no objections to the merger after reviewing “potential national security, law enforcement, and public safety issues.”..