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US close: S&P closes at highest level since 31 December

2016-03-13 17:52:25| Toys - Topix.net

A broad advance on Wall Street pushed the S&P 500 past the psychological 2,000-point mark, as markets on both sides of the Atlantic registered gains in the wake of the European Central Bank's policy stimulus barrage on the previous day. The Dow Jones Industrials racked up gains of 1.28% on Friday, taking it to 17,213.31 points, alongside a 1.85% rise in the Nasdaq Composite to 4,748.47 and of 1.64% for the S&P 500 to 2,022.19, with the latter paring its year-to-date loss to 1.1%.

Tags: level december close highest

APM Terminals closes $1bn acquisition of Grup Maritims port and rail interests

2016-03-10 01:00:00| Ship Technology

The Netherlands-based container terminal operating company APM Terminals has closed the $1bn acquisition of Spain-based Grup Maritim's port and rail interests.

Tags: port interests acquisition rail

Telecom Italia closes sale of Telecom Argentina to Fintech

2016-03-09 09:13:00| Telecompaper Headlines

(Telecompaper) Telecom Italia has announced that its remaining 51 percent stake in Telecom Argentina has been sold to US-backed investment firm Fintech for USD 550.6 million. The Italian group reached a deal back in 2013 to sell its 68 percent controlling stake in Telecom Argentina holding company Sofora to Fintech, owned by Mexican financier David Martinez, for USD 960 million. Telecom Italia divested an initial 17 percent stake in Sofora to Fintech around 18 months ago for USD 329.5 million but both parties have been waiting for the approval of the newly-created communications watchdog Enacom after the defunct regulator AFTIC blocked the transaction last October. Enacom's approval finally came last week.

Tags: sale italia argentina telecom