PARIS (Reuters) – Billionaire Vincent Bollore is opening a rift with LVMH’s chief (LVMH.PA) Bernard Arnault by unexpectedly siding with activist fund Amber Capital over Lagardere (LAGA.PA) to seek representation […]
Keppel falls 13% as Temasek scraps $3 billion bid after conglomerate's loss
SINGAPORE (Reuters) – Shares in Singapore’s Keppel Corp (KPLM.SI) fell 13% on Tuesday after Temasek Holdings abandoned its $3 billion conditional offer for the conglomerate by invoking a material adverse […]
U.S. utility Evergy plans to remain independent company: sources
(Reuters) – Evergy Inc (EVRG.N) plans to remain independent after the board of the U.S. Midwest utility decided that bids solicited from prospective merger partners did not offer sufficient value, […]
Tim, Telefonica and Claro raise bid to buy Oi's assets to $3.21 billion
SAO PAULO (Reuters) – Telecoms Tim Participacoes (TIMP3.SA), Telefonica Brasil (VIVT4.SA) and America Movil’s Claro (AMXL.MX) on Monday night raised their bid to buy Oi SA’s (OIBR4.SA) mobile assets out […]
Exclusive: Mexico moves to launch world's largest oil hedge – sources
NEW YORK/MEXICO CITY (Reuters) – Mexico has asked top Wall Street banks to submit quotes for its giant oil hedging program, sources familiar with the matter said on Friday, while […]
Torstar's board favors NordStar deal, snubs Canadian Modern offer
(Reuters) – Canadian media company Torstar Corp (TSb.TO) said late Monday its board has recommended the proposed acquisition by private equity firm NordStar Capital, snubbing an offer of 80 Canadian […]
Commentary: Are China, Russia winning the AI arms race?
In October 31 Chinese teenagers reported to the Beijing Institute of Technology, one of the country’s premier military research establishments. Selected from more than 5000 applicants, Chinese authorities hope they […]
Bill Ackman-backed blank check firm raises IPO size to $4 billion
(Reuters) – Pershing Square Tontine Holdings Ltd, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public offering by $1 billion to […]
Hungary aims for quick decision on three-way bank merger
BUDAPEST (Reuters) – Hungary plans to decide “very quickly” on a proposed three-bank merger to create the country’s second biggest lender, a government minister said, signalling strong political will to […]
Commentary: Why Trump’s border wall would backfire on him
The stalemate between Donald Trump and congressional Democrats over funding for the border wall has been politically damaging for the president. Most Americans blame him for the longest government shutdown […]