KKR buyout at Axel Springer clears minimum acceptance threshold
KKR’s offer to buy out minority shareholders in Axel Springer has cleared its minimum acceptance threshold of 20%, both firms said on Monday, bringing a plan to take the German publisher private closer to completion.
HSBC axes CEO Flint after only 18 months in role to speed up growth
HSBC ousted Chief Executive Officer John Flint after just 18 months in that role, in a surprise move that the lender’s chairman said was necessary to accelerate progress of its strategic priorities.
Elliott urges Scout24 to sell car listings arm, increase buyback
U.S. activist investor Elliott has urged German classifieds group Scout24 to sell its car listings business and ramp up a share buyback program to boost returns to investors.
Murdoch’s Fox Corp to buy fintech Credible Labs in $397 million deal
U.S. broadcaster Fox Corp on Monday agreed to buy Credible Labs Inc in a deal valuing the online finance broker at $397 million, as the Murdoch-controlled firm hunts for growth following the sale of its film and TV assets to Disney.
Asia stocks hit six-month low as investors flee to safety, yuan slumps
Asian shares suffered their steepest daily drop in nine months on Monday, as Sino-U.S. trade friction sent the yuan slumping to a more than decade trough and stampeded investors into safe harbors including the yen, bonds and gold.
Subaru first-quarter profit climbs 48% on strong U.S. SUV sales
Subaru Corp reported a 48% increase in first-quarter operating profit on Monday as global sales grew, led by demand for the Ascent and Forester SUVs in the United States.
HSBC CEO Flint leaves abruptly after only 18 months in role
HSBC announced the shock departure of Chief Executive Officer John Flint after just 18 months in the role, saying the bank needed a change at the top to address “a challenging global environment”.
Asia stocks hit six-month lows, bonds boom amid market shakeout
Asian shares slid to 6-1/2-month lows on Monday and the yuan slumped to a more than decade trough as a rapid escalation in the Sino-U.S. trade war sent investors stampeding to traditional safe harbors including the yen, bonds and gold.
HSBC CEO Flint exits abruptly after only 18 months in role
HSBC announced the shock departure of Chief Executive Officer John Flint after just 18 months in the role, saying the bank needed a change at the top to address “a challenging global environment”.
Asian stocks skid to six-and-a-half-month lows as Sino-U.S. trade row shakes markets
Asian shares slid to 6-1/2-month lows on Monday and the yuan plunged as a rapid escalation in the Sino-U.S. trade war drove nervous investors to safe-havens such as the yen, bonds and gold.
