By Paul Sandle LONDON (Reuters) – Just Eat <JE.L> backed a final 5.5 billion pound ($7.2 billion) all-share offer from Takeaway.com on Friday, saying a tie-up to create one of the leading online food delivery companies was more compelling than a rival cash bid from Prosus. Takeaway <TKWY.AS> and Prosus <PRX.AS> both raised their bids […]
World News
China announces measures to support Macau’s economic and financial development: regulator
HONG KONG (Reuters) – China banking and insurance regulator on Friday announced measures to further strengthen financial cooperation between Macau and the Mainland China. The measures include supporting Macau banks to set up institutions in the mainland and also supporting mainland insurance funds to invest in Macau, on condition of compliance and controllable risks, the […]
ViacomCBS to take 49% stake in film studio Miramax for $375 million
(Reuters) – Media company ViacomCBS Inc <VIACA.O> said on Friday it would take a 49% stake in film studio Miramax, owned by Qatar’s BeIN Media Group, for $375 million. Miramax, founded in 1979 by Bob and Harvey Weinstein, is the producer behind cult movies such as “Pulp Fiction” and owns the rights to hundreds of […]
Wine caves and billionaires: Buttigieg under fire over fundraising at Democratic debate
By Ginger Gibson and Tim Reid LOS ANGELES (Reuters) – Rising Democratic candidate Pete Buttigieg came under attack during a debate among U.S. presidential hopefuls on Thursday, as his rivals questioned the 37-year-old mayor’s thin political resume and criticized his fundraising from wealthy donors. During the sixth debate for Democrats seeking their party’s nomination to […]
Head of Brazil Senate says Eletrobras privatization cannot pass
By Maria Carolina Marcello BRASILIA (Reuters) – The Brazilian government’s proposal to give up control of power company Centrais Eletricas Brasileiras SA <ELET6.SA> via a capital increase cannot pass the Senate in its current form, the head of the upper house told reporters on Friday. Senate President Davi Alcolumbre said the bill is opposed by […]
Aramco, Alibaba rescue sluggish 2019 global ECM market
By Clara Denina and Abhinav Ramnarayan LONDON (Reuters) – Giant listings by Saudi Aramco <2222.SE> and Alibaba <9988.HK> rescued a sluggish year for equity capital markets (ECM) in 2019 after a string of shelved initial public offerings (IPOs) and share price slumps. Proceeds from global equity capital markets (ECM) fell 4.7% to $659 billion in […]
French telco Orange found guilty over workers’ suicides in landmark ruling
By Simon Carraud PARIS (Reuters) – French telecoms group Orange <ORAN.PA> and its former CEO Didier Lombard were guilty of “moral harassment” that prompted a spate of suicides during a restructuring at the company in the late 2000s, a Paris court ruled on Friday. The landmark ruling against the former telecoms monopoly is bound to […]
Take Five: Ding dong markets merrily on high
(Reuters) – 1/REPO RUCTIONS As end-December approaches, money market players’ thoughts may be turning to a September scare, when rates in the $2.2 trillion U.S. repurchase or repo market spiked to 10%, boosting the premium to borrow dollars. The fear is a bigger crunch may erupt in the $2.2 trillion U.S. repo market towards year-end, […]
German union extends strike at Amazon’s Leipzig warehouse until December 24
BERLIN, Germany (Reuters) – Amazon <AMZN.O> workers in the eastern German city of Leipzig will extend until Christmas Eve their strike over pay and conditions, trade union Verdi said on Friday. Since 2013, unions have staged repeated strikes at Amazon’s facilities in Germany – Amazon’s second-largest market after the United States – hoping to force […]
U.S. third-quarter growth unrevised at 2.1%
WASHINGTON (Reuters) – U.S. economic growth nudged up in the third quarter, the government confirmed on Friday, and there are signs the economy more or less maintained the moderate pace of expansion as the year ended, supported by a strong labor market. Gross domestic product increased at a 2.1% annualized rate, the Commerce Department said […]