Business & Finance News
Britain’s takeover regulator has taken the rare step of settling the battle for European broadcaster Sky Plc through an auction procedure after competing bids from Comcast and Twenty-First Century Fox remained in place.
Nestle put its skin health unit up for sale on Thursday, as the maker of Nescafe and Perrier water ditches underperforming businesses and seeks to fend off criticism from an activist investor demanding an overhaul.
Britain’s takeover regulator said on Thursday that the battle between Comcast and Twenty-First Century Fox for Sky Plc would now go to an auction procedure.
A bounce in world stocks in relief that the fresh U.S. and Chinese tariffs on reciprocal imports were less harsh than feared continued on Thursday, although investors remained wary about the next steps in the US-Sino trade war.
Japanese fashion billionaire Yusaku Maezawa’s first meeting with role model and SoftBank Group Corp boss Masayoshi Son came in 2010 when they bathed together – a popular communal activity in Japan – on the 26th floor of the tech giant’s headquarters.
Europe’s justice chief gave U.S. social media giant Facebook until the end of the year to comply with EU consumer rules or face sanctions.
Luxury British carmaker Aston Martin is seeking a valuation of up to 5.07 billion pounds ($6.7 billion) from its stock market flotation and has taken steps to prepare for any eventuality over Brexit, it said on Thursday.
China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday.
China hopes the United States will show sincerity and take steps to correct its behavior, its commerce ministry said on Thursday, after both countries slapped new tariffs on each other’s goods this week in an escalating trade war.
Asian stocks edged higher on Thursday and European markets looked set to follow as investors bet that robust U.S. economic growth will offset the drag from the Sino-U.S. trade war for a while longer.
Luxury British carmaker Aston Martin said on Thursday it was seeking a valuation of up to 5.07 billion pounds ($6.7 billion) as it set a price range of 17.50 pounds to 22.50 pounds per share for its stock market flotation.
Nestle said on Thursday it was exploring strategic options for its skin health business, saying it believes the unit might be better off outside of the Swiss food maker.
Asian stocks followed global indexes higher on Thursday, as investors took a less bearish view on the impact of the U.S.-China trade war on markets, a sharp contrast to dim expectations economists had on U.S. growth amid the worsening tensions.
Jack Ma, co-founder of Chinese e-tech giant Alibaba Group Holding Ltd , said on Thursday that people should make preparations for 20 years of China-U.S. trade frictions.
Alibaba Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to U.S.-China trade tensions, Chinese news agency Xinhua reported on Wednesday.
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