BEIJING (Reuters) – China is looking for billions of dollars in funds to propel its domestic ambitions in chips to cut a heavy reliance on imports, and has invited overseas investors to help it get there.
LONDON (Reuters) – World shares were on their longest losing streak of the year on Wednesday, as a rise in U.S. bond yields above 3 percent and warnings from top global firms about rising costs fed fears a boom in earnings may have peaked.
LONDON/NEW YORK/TOKYO (Reuters) – Rare disease specialist Shire said on Wednesday it was willing to recommend a sweetened $64 billion offer from Japan’s Takeda Pharmaceutical Co to shareholders, in what would be the biggest acquisition of a drug company this year.
LONDON/NEW YORK/TOKYO (Reuters) – Rare disease specialist Shire said on Wednesday it was willing to recommend a sweetened $64 billion offer from Japan’s Takeda Pharmaceutical Co to shareholders, in what would be the biggest acquisition of a drug company this year.
BEIJING (Reuters) – German car maker Daimler AG’s boss said on Wednesday there was no indication the firm’s largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover after he took a $9 billion stake in the firm earlier this year.
HONG KONG/SHANGHAI (Reuters) – Western banks are seeking clarification from China’s securities watchdog on proposals to allow them to take over their onshore securities ventures, amid concerns about high asset value requirements and limits to ownership by non-financial investors.
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google unveiled on Wednesday its first Gmail redesign since 2013, capping what the company says was an expensive overhaul two years in the making to adopt security and offline functionality and better resemble Microsoft Outlook.
LONDON (Reuters) – Whitbread plc said it would spin off its Costa Coffee business, leaving it with its Premier Inn hotels operation, with the split expected to be completed within 24 months.
TOKYO (Reuters) – Asian shares fell on Wednesday as a rise in U.S. bond yields above 3 percent and warnings from bellwether U.S. companies of higher costs drove fears that a boom in corporate earnings may be near its peak.
XINXIANG, China (Reuters) – The bright lights of Beijing or Shanghai have never held much allure for Wu Tongxu, a 24-year-old civil servant earning a modest salary in the nondescript city of Xinxiang in China’s central Henan province.
BEIJING (Reuters) – Ford Motor Co’s Asia head said on Wednesday he hoped recent Chinese moves to relax ownership rules in the country’s auto market would speed up regulatory approval for its electric vehicle joint venture with local firm Zotye Automobile Co Ltd .
ZURICH (Reuters) – Credit Suisse on Wednesday reported 694 million Swiss francs ($707.4 million) in first-quarter net income, its best quarter since Chief Executive Tidjane Thiam launched a three-year restructuring plan for Switzerland’s second-biggest bank.
(Reuters) – Japan’s SoftBank Group plans to shift more than $20 billion of its investments in top ride-hailing companies including Uber Technologies Inc [UBER.UL], Ola, Grab and Didi Chuxing into its Saudi-backed Vision technology fund, the Financial Times reported on Wednesday.
BEIJING (Reuters) – German car maker Daimler AG’s boss said on Wednesday there was no indication the firm’s largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover, after he took a $9 billion stake in the firm earlier this year.
SAO PAULO (Reuters) – Claudia Maria de Oliveira is leery of online shopping. But while browsing social media recently, the 49-year-old Brazilian spotted a bargain-priced sandwich press from local retailer Magazine Luiza SA.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
