Markets News 

BNP Paribas CEO rules out big deals when asked about Deutsche Bank

“France’s biggest bank now dwarfs Deutsche Bank in terms of market capitalization, at 77 billion euros ($90 billion) compared with the German bank’s 23 billion euro valuation” writes Midwest Communications Inc for 95kqds.com. Responding to a question from a BNP Paribas shareholder at its annual general meeting in Paris, Bonnafe said that the bank was always watching its competitors to learn “good” practices and ideas, but dismissed the idea of a big tie-up. Source: 95kqds.com Share This:

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Payments firm Adyen plans June listing amid flurry of deals

“It processed 108 billion euros worth of transactions, up 63 percent from 2016” writes unknown author for cnbc.com. In January, Adyen won the contract to handle eBay’s payments, beating out former in-house service PayPal, which eBay spun off three years ago. He said the company thrived in complex situations where merchants need to handle multiple forms of payments, combine in-store and online payments, and accept many currencies.Adyen, a Dutch company that processes payments for Airbnb, Uber, Spotify and Netflix, plans to list on the Amsterdam stock exchange in June in…

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Uber turned a profit thanks to its deals in Southeast Asia and Russia

“Uber gained $2.9 billion after it merged its businesses in Russia and Southeast Asia with local competitors” writes May Edt for recode.net. The big news is that Uber turned a profit: $2.5 billion, to be exact. As Khosrowshahi said at a recent summit, Uber is willing to “take short-term losses in order to bring long-term business.”.  Source: recode.net Share This:

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Amazon deals for May 23: Kindle Paperwhite e-readers, Black+Decker vacuums, camping gear, watches, and more

“Father’s Day is fast approaching, so if you haven’t done your shopping yet, check out Amazon’s deals on premium brand watches to decorate his wrist and cover your butt” writes Carlos Cadorniga for mashable.com. There are also great deals on Amazon devices like the Kindle Paperwhite for summer reading (or if your dad is a book buff). There are even great deals on vacuums from brands like Dirt Devil, Black+Decker, and SharkNinja. Source: mashable.com Share This:

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AUD News 

EU talks with Australia and New Zealand deal blow to UK free trade plans

“The EU has leapt ahead of the UK in the pursuit of free trade deals with Australia and New Zealand after member states gave the green light for talks to start within weeks” writes Daniel Boffey for theguardian.com. But the UK will not be able to start its negotiations over future trade with New Zealand and Australia until 30 March 2019.He said: “The EU is our third-largest trading partner, with two-way trade worth more than $20bn [£10.3bn].Even excluding the UK, our trade with the EU is worth about $16bn annually.”…

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Best 4K smart TV deals for the week of May 21

“It’s time to make sure your entertainment setup is up to snuff with the best deals on 4K smart TVs this week” writes Carlos Cadorniga for mashable.com. This week’s best deals on 4K smart TVs:. There are plenty of deals from all over the web for you to shop, so check them all out and see which one is right for you. Source: mashable.com Share This:

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Markets News Stocks 

Private equity firms bet on stock market’s fixer-uppers

“When approaching public-to-private transactions, private equity firms have to have a very clear thesis why companies should be in private hands.”” writes Midwest Communications Inc for 95kqds.com. Apollo last year raised a record $24.6 billion for a private equity fund and has taken several companies private in recent years.Helping private equity firms clinch bargains are impatient shareholders.Several of these leveraged buyouts, such as retailer Toys R Us and casino operator Caesars Entertainment, ended up in bankruptcy, succumbing to the downturn and the heavy debt load private equity firms saddled them…

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