From HSBC's new CEO to France's Atos' weak growth guidance, here’s a look at recent business developments around the world.
Atos is pursuing in a financial restructuring plan in a bid to deal with its debt problems, and get its business back on track.
The company said it had also secured interim financing of 800 million euros, of which 450 million euros was already accessible to it, providing it with the liquidity needed to fund its business until the financial restructuring plan is concluded.
The company said Sunday's agreement was a 'significant milestone towards reaching a final restructuring agreement by July'
Atos is aiming to convert about half of its $5 billion debt into equity as part of the plan disclosed during a confidential meeting on Monday, Bloomberg said.
Atos leveraged cloud-based procurement solutions to extend spend coverage and maximise returns on SAP investments.
The offering will provide Systagenix with a cloud-based SAP BusinessObjects solution based on SAP HANA.
EMC and VMware to invest with Atos to unlock the potential of cloud computing for enterprises and governments.
Joint sustainable solution will optimise power generation and reduce cost and risk.
Launches new Testing & Acceptance Management services for SAP solutions.
Atos will rely on the SAP BusinessObjects Sustainability Performance Management application to help achieve its sustainability goals.