Sainsbury’s-Asda deal in doubt as UK regulator raises big objections
Britain’s competition regulator has dealt a potentially fatal blow to Sainsbury’s planned $9.5 billion takeover of Walmart’s Asda, saying it was unlikely the companies would be able to address its “extensive” concerns about the deal.
U.S.-China trade hopes extend equity surge; central banks supportive
World stocks hit a four-month high on Wednesday on hopes of progress in trade talks between the United States and China, with a dovish backdrop at major central banks also helping push markets back into the black.
Microsoft says discovers hacking targeting democratic institutions in Europe
Microsoft Corp on Wednesday said it had discovered cyber attacks directed at democratic institutions, think tanks and non-profit organizations in Europe and would offer a cyber security service to several countries to close security gaps.
Saudi Aramco discussing investments in India’s Reliance Industries: CEO
Saudi Aramco’s Chief Executive Officer Amin Nassar said on Wednesday that the company is in talks with India’s Reliance Industries Ltd for possible investments and is seeking other opportunities in the country.
Governance panel opposed to Renault chairman being named Nissan head: sources
An external committee tasked by Nissan Motor Co to help improve corporate governance at the Japanese firm is opposed to the idea of Renault’s chairman being appointed to lead Nissan’s board, two people familiar with the matter said.
Ghosn’s new lawyer says he should be released on bail
The new lawyer for ousted Nissan Chairman Carlos Ghosn said his client should be released on bail while awaiting trial and that Japan was out of step with international norms.
Swedish TV says Swedbank linked to Baltic money laundering scandal
Swedish television (SVT) said on Wednesday it had uncovered documents linking Swedbank to a money laundering scandal involving Denmark’s Danske Bank.
UK regulator raises big objections to Sainsbury’s-Asda deal
Britain’s competition regulator said on Wednesday Sainsbury’s planned $9.5 billion takeover of Walmart-owned Asda should either be blocked or require the sale of a significant number of stores, or even one of the brands.
India’s top court finds Anil Ambani guilty of contempt in RCom-Ericsson case
India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay 5.5 billion rupees ($77.29 million) to telecom equipment maker Ericsson.
Oil dips below 2019 highs as surging U.S. supply counters OPEC cuts
Oil prices slipped away from 2019 highs on Wednesday, with surging U.S. supply and slowing economic growth tempering upward pressure from supply cuts led by producer club OPEC and from Washington’s sanctions on Iran and Venezuela.
