VW aims to raise up to 1.9b euros by floating Traton

BERLIN: Volkswagen aims to raise between 1.6 billion and 1.9 billion euros ($2.1 billion) by listing between 10 and 11.5 per cent of the capital for its truck division Traton on the stock market. The German car giant will offer shares in Frankfurt and Stockholm, each costing between 27 and 33 euros (289 and 353 […]

No-deal Brexit threat is act of self-harm, business chief says

London: Threatening to leave the European Union without a deal isn’t likely to win Britain concessions from the bloc, the country’s biggest business group said in a warning to candidates jostling to succeed Prime Minister Theresa May. “I’ve never felt it was a particularly credible negotiating threat,” Confederation of British Industry Director General Carolyn Fairbairn […]

India hopes to rake in $83b from spectrum sales this year

New Delhi The Indian government expects to raise as much as Rs5.83 trillion (Dh308.3 billion, $83.8 billion) from its latest round of airwaves auction, even as the carriers battle a brutal tariff war that has eroded their earnings and forced some to exit. The Narendra Modi-led government plans to sell 8,600 megahertz of telecom airwaves […]