Deutsche Telekom: Vodafone-Liberty deal would distort competition Instead, CEO Tim Hoettges seized on Wednesday’s announcement to argue that regulation of Deutsche Telekom — which is required to open up its German fixed-line network to third parties at controlled prices — should be eased. Hoettges had previously said such a deal […]
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Business
Walmart likely to announce Flipkart deal before end of week: sources Walmart and Google parent Alphabet Inc (GOOGL.O) will buy up to 75 percent of Flipkart, the two sources familiar with the matter said, declining to be named as the talks are private. Bentonville, Arkansas-based Walmart will acquire about a […]
Memory boost: How chipmakers are weathering slowing smartphone sales Indeed, the earnings reports of various chipmakers and smartphone companies in the past month tell a more interesting story beyond the cooling in phone shipment volumes: smartphone makers are cramming their devices with memory to satisfy the increasing demands of consumers. […]
Activist investment rising in Asia, led by local players: JP Morgan Last year, there were 106 activist campaigns in Asia, versus 94 the previous year and just 10 in 2011, the investment bank said, citing data from Activist Investor and Shark Repellent. Domestic players accounted for almost two-thirds of activist […]
Dollar surge bringing emerging market rate cut cycle to a halt Emerging markets came into the year flying, riding on the back of a healthy global economy and rising commodity prices alongside tame inflation and a weak dollar. It looked more than likely that a wave of rate cuts would […]
ZTE asks U.S. Commerce Department to suspend business ban China’s ZTE Corp (0763.HK) (000063.SZ) has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday. Washington imposed […]
U.S. oil cracks $70, dollar heads towards 2018 high With trade thinned by a holiday closure in London, European shares opened higher, boosted by energy stocks as well as encouraging earnings updates. Heavyweight Nestle also gained after the Swiss-based food firm agreed a tie-up with Starbucks. Most Asian markets also […]
Air France-KLM CEO to quit after staff reject pay deal In the job for less than two years, Janaillac had been battling to cut costs at the French national carrier to keep up with competition from Gulf carriers and low-cost airlines. But he ran into the same union resistance as […]
Trump delays metal tariffs on Canada, EU, Mexico, exempts some others The decisions came just hours before temporary exemptions from the tariffs on these countries were set to expire at 12:01 a.m. (0401 GMT) on Tuesday. In a statement, the White House said the details of the deals with Brazil, […]
China’s HNA drops bid to buy Scaramucci’s SkyBridge due to regulatory hold up Chinese conglomerate HNA Group has dropped its bid for most of SkyBridge Capital, a hedge fund investment firm founded by U.S. President Donald Trump’s former aide Anthony Scaramucci, as the deal was still stuck with U.S. regulators […]
