Australia’s corporate watchdog sued Australia and New Zealand Banking Group Ltd on Friday over a troubled A$2.5 billion ($1.8 billion) share placement, flexing its muscle amid criticism levied at regulators for being soft on finance firms.
Japan’s Takeda Pharmaceutical Co Ltd said on Friday China’s market regulator had approved its $62 billion acquisition of Shire Plc , bringing it closer to becoming a global top 10 drugmaker.
German retailer Metro AG plans to sell its struggling Real chain and is confident of interest in the hypermarkets, which some analysts say could fetch around 1 billion euros ($1.2 billion).
Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, with concerns about supply countering worries that emerging market crises and trade disputes could dent demand.
Australia’s corporate regulator has launched a civil lawsuit against Australia and New Zealand Banking Group over the bank’s 2015 share placement, following action against the bank on the matter earlier by the nation’s competition watchdog.
German manufacturer Voith has been a customer of Deutsche Bank for more than a century.
Mexican telecommunications company America Movil has cut its stake in Dutch telecoms company KPN to slightly more than 16 percent, a filing at financial watchdog AFM showed.
Three leading investors in Italy’s Carige will have their voting rights capped at 10 percent at a key shareholder meeting next week unless they gain regulatory clearance for the their combined 15.2 percent stake, the bank said.
German retailer Metro AG previously had contact with potential buyers for its struggling Real hypermarkets so it is optimistic its decision to put them for sale will be met with interest, chief executive Olaf Koch said on Friday.
Chinese smartphone maker Xiaomi Inc said on Friday it will rejig its businesses and create new leadership positions aimed at building a second tier to CEO Lei Jun, amid increased scrutiny of governance and successions at Chinese tech firms.
Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate.
Oil on Friday clawed back some of its losses from the previous session, when prices fell the most in a month, as concerns about oil supply are countering worries that emerging market crises and trade disputes could dent demand.
Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate.
Hyundai Motor Group appointed heir apparent Euisun Chung as chief vice chairman on Friday, moving him a step closer to succeeding his father as head of South Korea’s second largest conglomerate.
The United States on Thursday imposed sanctions on a China-based tech firm, its North Korean CEO and a Russian subsidiary, accusing them of moving illicit funding to North Korea in violation of U.S. sanctions.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
