The week in business in five graphics
Wuhan in central China is the size of London. But flights to and from the city are canceled, highways are shut and soldiers guard the railway station, as China tries to quarantine the center of a virus outbreak that has killed 81 people and infected th…
EU antitrust regulators to rule on $69 billion Aramco-SABIC deal by February 27
EU antitrust regulators will decide by Feb. 27 whether to clear state energy firm Saudi Aramco’s $69.1 billion acquisition of world number four petrochemicals group Saudi Basic Industries Corp (SABIC), a European Commission filing showed.
EU antitrust regulators to rule on $69 billion Aramco, SABIC deal by February 27
EU antitrust regulators will decide by Feb. 27 whether to clear state energy firm Saudi Aramco’s $69.1 billion acquisition of world number four petrochemicals group Saudi Basic Industries Corp (SABIC), a European Commission filing showed.
Trump’s ‘massive’ U.S.-UK trade deal faces big hurdles
Britain is the United States’ closest ally but their long friendship may be sorely tested as the two countries try to forge a new trade agreement after Britain’s exit from the European Union.
India renews push to sell Air India, puts entire stake on the block
India said on Monday it plans to sell its entire interest in Air India Ltd, making a renewed push to sell the flag carrier after it drew no bids in an effort to auction a majority stake almost two years ago.
Capgemini passes first hurdle in Altran bid despite Elliott resistance
French consulting and IT services provider Capgemini succeeded in securing more than half of the capital of smaller rival Altran Technologies, the French market regulator AMF said on Monday, marking a win against U.S. activist fund Elliott.
Oil drops below $60 as China virus drives demand concern
Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China’s coronavirus rose and more businesses were forced to shut down, stoking expectations of slowing oil demand.
AbbVie-Allergan $63 billion deal aided by Nestle, AstraZeneca buys
U.S. drugmaker AbbVie’s $63 billion tie-up with Allergan is getting help from Nestle and AstraZeneca buying up products the Irish-domiciled company is shedding to placate regulators.
Stocks, oil hit by China virus fears, safe havens gain
World shares fell to their lowest in two weeks on Monday as worries grew about the economic impact of China’s spreading coronavirus with demand spiking for safe-haven assets such as Japanese yen and Treasury notes.
Oil slumps further as China virus spreads
Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lockdowns there deepened concerns over oil demand.
