Larry Fink says BlackRock focused on onshore presence in China
BlackRock Inc Chief Executive Officer Larry Fink said on Monday that his ambition was to build an onshore presence in China and become the leading global asset manager there.
European data supervisor investigates Microsoft software used by EU
The European Union’s data protection supervisor said on Monday it is investigating whether products provided by software giant Microsoft to EU institutions comply with its new data protection rules.
Aramco gives initial guidance for six-tranche debut dollar bond
Saudi Aramco has given initial price guidance for its debut international bond, which is split into tranches ranging from three to 30 years, a document issued by one of the banks leading the deal showed.
Qatar sues Luxembourg, UAE, Saudi banks in FX manipulation case
Qatar filed lawsuits on Monday against three banks, accusing them of causing billions of dollars of damage to its economy by what it called overseas currency manipulation in the wake of an Arab boycott against Qatar in 2017.
Investors hit pause as ECB and Brexit risks loom
World stocks faltered at six-month highs and U.S. markets were set to dip on Monday as flashpoints including a crucial Brexit summit and a European Central Bank meeting loomed and investors looked ahead to an earnings season that may be disappointing.
Pinterest seeks $15-$17 per share in IPO, below last private valuation
Pinterest Inc on Monday set a price range of $15 to $17 per share for its initial public offering of 75 million shares, valuing it below the $12 billion at which the online image-search company sourced its last fundraising in 2017.
Wall Street analysts cut 737 MAX delivery forecast
Boeing Co is now unlikely to deliver more than 500 of its 737 MAX planes to customers this year, and even that will depend on a swift removal of an effective halt in deliveries after June, Wall Street analysts said on Monday.
China Aircraft Leasing suspends orders for 100 Boeing 737 MAXs: report
China Aircraft Leasing Group Holdings has put its order for 100 Boeing 737 MAX jets on hold, until it is assured of the aircraft’s safety, South China Morning Post reported on Monday, citing a company statement.
Merck KGaA wins Versum’s support for sweetened $6.5 billion offer
Merck KGaA won the backing of Versum’s board for a sweetened $6.5 billion takeover proposal, overturning an agreed merger with rival Entegris as it bets on a recovery in electronic materials markets.
SoftBank-backed Grab seeks another $2 billion funding in expansion drive
Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, only weeks after announcing more than $4.5 billion of funding in what has become Southeast Asia’s largest round of private financing.
