Business News
SoftBank Group CEO says to invest $2 billion in ride-hailing app Grab
Japan’s SoftBank Group Corp will invest $2 billion in ride-hailing app Grab, its chief executive, Masayoshi Son, told reporters in Jakarta on Monday.
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Business News
Asian shares drift into trade talks, Fed test
Asian shares drifted lower on Monday as markets anxiously counted down to a likely cut in U.S. interest rates this week with much riding on whether or not the Federal Reserve signals yet more are in the pipeline.
Business News
Asian shares guarded as investors count down to Fed
Asian shares got off to a cautious start on Monday as markets count down to a likely cut in U.S. interest rates this week with much riding on whether or not the Federal Reserve signals yet more are in the pipeline.
Business News
As rural India develops taste for chocolate, a dominant Mondelez extends its reach
Two years ago, Satish P., a bakery owner in the small village of Harohalli near Bengaluru, had his doubts about stocking Mondelez’s Cadbury Silk bars.
Business News
U.S., China move trade talks to Shanghai amid deal pessimism
U.S. and Chinese trade negotiators shift to Shanghai this week for their first in-person talks since a G20 truce last month, a change of scenery for two sides struggling to resolve deep differences on how to end a year-long trade war.
Business News
Exclusive: BlackRock in talks to take over Cofense after U.S. security concerns – sources
BlackRock Inc , an investor in Cofense Inc, is in advanced talks to take over the U.S. cyber security firm, after a U.S. national security panel asked buyout firm Pamplona Capital Management LLP to sell its stake, people familiar with the matter said on Sunday.
Business News
LSE-Refinitiv deal faces long antitrust review: sources
U.S. buyout fund Blackstone Group Inc is expected to announce the merger of its majority-owned financial data firm Refinitiv with the London Stock Exchange Group Plc within a week, but the deal is expected to face a long antitrust review before it can close, four sources told Reuters.
Business News
SABIC CEO says no interest in taking over Clariant
Saudi Basic Industries Corp (SABIC) has no interest in taking over Swiss chemicals firm Clariant and considers its 25% stake in the company as “a long term strategic investment,” said its chief executive Yousef al-Benyan on Sunday.
Business News
LSE’s bid for Refinitiv spotlights quest for data, globality
London Stock Exchange Group Plc’s planned purchase of Refinitiv in a $27 billion deal is the latest sign that exchange operators are focusing more on data products to increase revenue, while also trying to expand their global reach.
Business News
Exact Sciences in advanced talks to buy Genomic Health for $2.8 billion: Bloomberg
Cancer diagnostics company Exact Sciences Corp is in advanced negotiations to buy healthcare company Genomic Health Inc for about $2.8 billion to strengthen its cancer testing, Bloomberg reported on Saturday.
Business News
Pfizer in talks to merge off-patent drugs business with Mylan -source
Pfizer Inc is in talks to merge its off-patent drugs business with Mylan NV in a stock deal, according to a source familiar with the matter.
Business News
Bosch sees car production falling 5% in 2019: report
Auto supplier Robert Bosch has revised its forecast for automotive production on Saturday, expecting a 5% fall this year, bigger than an earlier estimate for a 3% decline, the company’s chief financial officer told Boersen-Zeitung.
Trading Ideas
Capitalism Makes the World Go Green
Socialism has grabbed headlines in the past few years. Many think problems like climate change can be solved only through government intervention. That’s just plain wrong.
The world’s energy demands are rising quickly. Some of the most rapid growth in the energy sector comes from renewable sources. Solar and wind power are becoming more economical by the day. As a result, people are consuming more energy from renewables each year.
By midcentury, renewable energy will make up nearly half of all energy production. Fossil fuels will likely peak around 2030 and decline steadily from then on.
Much of green energy’s growth in recent …read more […]
Business News
Pfizer in talks to merge off-patent drugs business with Mylan
Pfizer Inc is in talks to merge its off-patent drugs business with Mylan NV in a stock deal, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
Business News
Novartis CEO pledges not to sell Sandoz generics unit
Novartis Chief Executive Vas Narasimhan pledged in an interview published on Saturday not to sell the Swiss drugmaker’s generics unit Sandoz amid a revamp that has prompted speculation he is preparing to offload the business.