FedEx named as suitor for German parcel company

According to a report in German newspaper Handelsblatt Today, FedEx Corp. (NYSE: FDX) is pursuing an ownership stake in German parcel company Hermes.

The article identified the Memphis-based transportation and logistics giant as the likely suitor to partner with Hermes to expand the company’s parcel distribution service, but listed (NASDAQ: AMZN) and the logistics arm of Alibaba Group (NYSE: BABA) as interested parties.

Hermes competes in major European markets in Germany, France and...

GLOBAL & REGIONAL DAILY (Friday 29, May 2020)

GLOBAL & REGIONAL DAILY (Friday 29, May 2020)



May 29 2020

Global Markets

Global equity markets were under some pressure earlier today on fears over increasing US/China tensions. US President Donald Trump will hold a news conference later today to announce the US reaction to China’s decision to pass from parliament yesterday the new national security law for Hong Kong.


The Economic Sentiment Indicator dropped to 88.5 units in May-20, which constitutes its...