Asia tries to see light in trade talks, Brexit votes
Asian share markets edged ahead on Tuesday amid cheery chatter about the chance of a Sino-U.S. trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit.
SoftBank’s WeWork takeover would lead to Adam Neumann’s exit: sources
SoftBank Group offered nearly $10 billion on Monday to WeWork and its shareholders under a takeover plan that would keep the U.S. office-space sharing start-up afloat and lead to the exit of its Chairman Adam Neumann, sources said.
Drug firms avert landmark opioid trial as talks on $48-billion settlement set to resume
Four large drug companies could resume talks on Tuesday to try to reach a $48 billion settlement of all opioid litigation against them, after agreeing with two Ohio counties to a $260 million deal to avert the first federal trial over their role in the…
South Africa’s Eskom takes Deloitte to court alleging improper contracts
South Africa’s Eskom is taking legal action to recover 207 million rand ($14 million) linked to contracts it alleges were improperly awarded to Deloitte Consulting in 2016, the cash-strapped state power firm said late on Monday.
October brings losses for short sellers in U.S. opioid-related shares
October has been a rough month for short sellers betting against companies at the heart of the opioid crisis, although those traders still have paper profits of almost $600 million for the year, according to data from financial analytics firm S3 Partne…
China asks WTO for $2.4 billion sanctions against U.S. in latest clash
China is seeking $2.4 billion in retaliatory sanctions against the United States for failing to comply with a World Trade Organization ruling in a case that highlights White House complaints about the global trade body.
SoftBank’s WeWork financing would lead to Adam Neumann’s exit: sources
SoftBank Group Corp offered close to $10 billion to WeWork owner The We Company, its employees and its investors on Monday under a plan to keep the struggling U.S. office-space sharing start-up afloat that would lead to the exit of its co-founder and …
Santander to sell Puerto Rico unit to FirstBank in $1.1 billion deal
Banco Santander said on Monday it had agreed to sell Santander Bancorp, the Spanish lender’s retail and commercial banking franchise in Puerto Rico, to FirstBank Puerto Rico in a deal valued at $1.1 billion.
Howard Hughes announces management reshuffle, to sell assets worth $2 billion
Howard Hughes Corp , which counts activist investor William Ackman as chairman, said on Monday it would sell about $2 billion of non-core assets following a strategic review and announced a management reshuffle.
U.S. allows Chevron to drill for oil in Venezuela for three more months
The U.S. Treasury Department on Monday renewed a license allowing Chevron, the last U.S. operating energy company in Venezuela, to continue drilling in the country for another three months through Jan. 22.
