Exclusive: Two groups, one backed by China’s Fosun, bid for NMC Health stake – sources
Two groups, including one backed by China’s Fosun , have made competing offers to buy a 40% stake in London-listed NMC Health worth up to $1.9 billion, four sources familiar with the deal said.
Trump -‘I am the chosen one’ to fix U.S. trade imbalance with China
U.S. President Donald Trump said on Wednesday his life would be easier if he had not mounted a trade war with China but said “I am the chosen one” to take on Beijing.
U.S. home sales rise, boosted by lower mortgage rates
U.S. home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve’s shift toward lower interest rates was supporting the economy.
U.S. markets regulator votes to propose new guidelines on shareholder advisers
The U.S. Securities and Exchange Commission on Wednesday voted to publish new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their votes in corporate elections on issues like pay and diversity.
Target shares surge on same-day delivery boost
Target Corp beat expectations for earnings and raised its full-year outlook on Wednesday as its investments in same-day delivery and pick-up services increased traffic to its website and stores, sending shares 19% higher.
Target, Lowe’s earnings drive Wall Street higher
U.S. stocks advanced on Wednesday following upbeat earnings from retailers Lowe’s and Target that reinforced confidence in consumer demand, while investors awaited the release of the Fed minutes for further clues on the path of future rate cuts.
World stocks lead risk rally amid stimulus, recession talk
A global equities gauge rose on Wednesday for a third day in four as bets on more economic stimulus overcame, for now, worries over the rising prospect of a global recession.
Osram to clear way for AMS takeover offer: sources
Osram is likely on Wednesday to waive an agreement that currently prevents AMS from making a takeover bid for the German lighting group, paving the way for AMS to take on an offer from private equity investors, sources told Reuters.
Nestle to invest almost $250 million in Brazil over the next three years
Nestle SA said on Wednesday it will invest 1 billion reais (about $250 million) in Brazil’s Sao Paulo state over the next three years to introduce new production lines and technologies in existing factories, as well as push forward a digital transform…
Uniper workers urge Fortum to spell out future plans to allay downgrade fears
Labor representatives at Uniper , fearing a ratings downgrade in the event of a full takeover of the German energy group, have called on major shareholder Fortum to lay out plans for future cooperation between the two companies.
