China’s acquisitive apparel firm Shandong Ruyi is targeting more global deals involving “affordable luxury” brands, under a push to establish the first high-end Chinese fashion empire to eventually challenge behemoth LVMH .
SoftBank Group Corp has won approval to conduct a 2.4 trillion yen ($21.04 billion) initial public offering (IPO) of its domestic telecoms business, in a deal that will seal the group’s transformation into a top global technology investor.
Japan’s Takeda Pharmaceutical will hold an investor vote on its $62 billion acquisition of Shire next month and aims to close the deal on Jan. 8, signaling its confidence in securing the required support.
Sterling fell on Monday, helping to boost the dollar to a 16-month high, amid mounting doubts over whether Prime Minister Theresa May can come up with a Brexit deal that would win the backing of the European Union and her own party.
SoftBank Group Corp’s domestic telecoms unit on Monday received approval to list on the Tokyo Stock Exchange through one of the biggest-ever initial public offerings (IPO) at 2.4 trillion yen ($21.04 billion), a regulatory filing showed.
The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate.
European companies are delivering their most disappointing earnings in nearly three years as a sluggish economy and rising costs take their toll on bottom lines, dealing another blow to investor confidence shaken by Italy’s budget crisis and Brexit.
Russian cybersecurity company Group IB is to open a global headquarters in Singapore this year or in early next as part of international expansion plans, Chief Executive Ilya Sachkov said.
SoftBank Group Corp’s domestic telecoms unit on Monday received approval to list on the Tokyo Stock Exchange in an initial public offering (IPO) worth 2.4 trillion yen ($21.04 billion), a regulatory filing showed, one of the biggest IPOs ever.
Software company Apptio Inc said on Sunday it agreed to be bought by private equity firm Vista Equity Partners for $1.94 billion in cash, two years after going public.
Germany’s SAP said on Sunday it was buying Qualtrics International Inc for $8 billion in cash, pre-empting a planned stock market listing by the U.S.-based company that specializes in surveying consumers online.
Asian shares drifted lower on Monday as signs of softening demand in China rekindled anxiety about the outlook for world growth, but Saudi Arabia’s plans to cut production helped to halt a slide in oil prices.
Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest rate.
Asian shares fell on Monday, extending weakness in global equity markets at the end of last week as soft Chinese economic data and falling oil prices rekindled anxiety about the outlook for world growth.
Top oil and gas companies jointly spent around 1 percent of their 2018 budgets on clean energy, but investments by Europe’s giants vastly outpaced their U.S. and Asian rivals, a study showed.
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