Fibre-optic challenger Deutsche Glasfaser lines up 1.8 bln euros in credit

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Fibre-optic challenger Deutsche Glasfaser lines up 1.8 bln euros in credit

BERLIN, Jan 14 (Reuters) – Deutsche Glasfaser said on Tuesday it had boosted its borrowing capacity to 1.8 billion euros ($2 billion) as the German fibre-optic network company controlled by KKR KKR.N plans further investments in its network. The facility …
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Visa to Acquire Plaid, Fortify Place in Fintech Industry

Visa Inc. V has announced that it will acquire Plaid, a financial technology company based in San Francisco for $5.3 billion. Plaid, founded in 2013, provides network connectivity between financial institutions and developers, enabling applications to connect …
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GameStop Stock Tumbles After Christmas Sales Crumble

Not even Santa Claus could rescue GameStop this Christmas. The brick-and-mortar videogame seller’s stock has slumped more than 10% after the company said holiday sales fell 27.5% from 2018. GameStop said global sales from continuing operations for …
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Are Oil Prices Still Too High?

China’s oil demand growth is expected to slow dramatically this year, a trend that should have a substantial impact on the global oil market. CNPC said that oil demand in China will expand by 2.4 percent in 2020, less than half of the 5.2 percent growth rate …
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Aphria's stock turns lower after in-line loss, revenue miss

Shares of Aphria Inc. APHA, +10.32% APHA, +9.74% slumped 4.8% in premarket trading, reversing an earlier gain of as much as 7.3%, after the Canada-based cannabis company reported fiscal second-quarter losses that were in line with expectations and …
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