Eutelsat Mulls Options For Ground Network

RTTNews | hace 500
Eutelsat Mulls Options For Ground Network

(RTTNews) - French satellite operator Eutelsat Group confirmed Monday, following recent press speculation, that it is analysing options for its ground network.

The company may partner with external infrastructure investors, but the analysis is preliminary in nature at this time. There can be no certainty that it will lead to a specific outcome, the firm noted.

Earlier, Bloomberg reported, citing people familiar with the matter, that the Paris-based company is exploring options for its ground station network, including a sale, that could value the portfolio at more than 800 million euros or $850 million.

The company is working with advisers to seek a buyer for the assets, and the unit is drawing interest from infrastructure investment firms, the report said.

Eutelsat's ground station network includes antenna systems and other facilities, which offer connectivity for the company's network of satellites.

read more
Japan Rate Decision On Tap For Friday

Japan Rate Decision On Tap For Friday

The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to keep its benchmark lending rate unchanged at 0.50 percent.
RTTNews | hace 35 minutos
South Africa Holds Rate Steady At 7% After Easing For A Year

South Africa Holds Rate Steady At 7% After Easing For A Year

The South African Reserve Bank left its key interest rate unchanged at 7 percent as policymakers decided to adopt a wait-and-watch stance following a year-long easing and they also assessed that inflation is set to rise in the coming months due to higher prices for electricity, food and services, while economic growth is set to strengthen.
RTTNews | hace 3h 16min
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a positive start, the Switzerland market suffered a mild setback and slipped slightly below the flat line Thursday morning, but recovered swiftly and stayed firm thereafter to finally end the day's session modestly higher.
RTTNews | hace 4h 35min
Major European Markets Close On Firm Note

Major European Markets Close On Firm Note

The major European markets closed higher on Thursday, with investors reacting positively to the Federal Reserve's rate cut and its comments suggesting more easing this year. The Bank of England left interest rates unchanged, as widely expected.
RTTNews | hace 5h 3min
Technology Stocks Shine; TSX Up Nearly 0.5%

Technology Stocks Shine; TSX Up Nearly 0.5%

After opening marginally up, the Canadian market moved ahead Thursday morning, and remains firmly in positive territory a little before noon. Technology stocks have recovered from previous session's losses, contributing significantly to market's upmove.
RTTNews | hace 6h 53min
U.S. Leading Economic Index Falls Much More Than Expected In August

U.S. Leading Economic Index Falls Much More Than Expected In August

Leading U.S. economic indicators fell by much more than expected in the month of August, according to a report released by the Conference Board on Thursday. The Conference Board said its leading economic index slid by 0.5 percent in August after inching up by a revised 0.1 percent in July. Economists had expected the leading economic index to edge down by 0.1 percent.
RTTNews | hace 8h 0min
Philly Fed Index Surges To Eight-Month High In September

Philly Fed Index Surges To Eight-Month High In September

A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity expanded overall in the month of September. The Philly Fed said its diffusion index for current general activity spiked to a positive 23.2 in September from a negative 0.3 in August, with a positive reading indicating growth. Economists had expected the index to rise to a positive 2.3.
RTTNews | hace 8h 41min