Apollo nears $3.8 billion-plus deal for packaging group RPC: WSJ
Private equity company Apollo Global Management is in advanced talks to buy Europe’s biggest plastics packaging maker RPC Group for more than $3.8 billion, the Wall Street Journal reported on Monday.
France fines Google $57 million for European privacy rule breach
France’s data protection watchdog fined Alphabet’s Google 50 million euros ($57 million) on Monday for breaching European Union online privacy rules, the biggest such penalty levied against a U.S. tech giant.
Canadian railways ration space as commodity congestion problems worsen
Canada’s two major railways are rationing space on trains traveling to the country’s biggest port and recently prioritized some commodities over others to deal with congestion, the latest indication of their struggle to meet demand from new trade deals…
Oil edge up as investors latch on to OPEC cuts, supply outlook
Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China’s slowing economy and instead latched on to positive supply-side drivers for the market.
Trade worries sour CEOs’ mood as leaders converge on Davos
Chief executives across the world have grown a lot more pessimistic about the global economic outlook due to trade disputes and tense relations between major powers, a survey showed on the eve of the World Economic Forum in Davos.
Global stock markets falter after China data confirms economic slowdown
European shares fell on Monday from six-week highs as a slowdown in China’s economy stalled a global equity rally, but sterling rallied to the day’s highs after Prime Minister Theresa May promised to be more “flexible” with lawmakers over Brexit.
Ex-Swiss banker convicted for selling secret tax data to Germany
A former UBS banker accused of selling information about wealthy German tax evaders to German authorities was convicted of economic espionage by a Swiss court on Monday.
Nissan’s Ghosn offers to wear electronic ankle tag to get bail
Ousted Nissan Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire guards to monitor him in an unusual bid to secure his release on bail after two months of detention in Japan for alleged financial crimes.
Exclusive: Private equity firms circling Nestle’s skin health business – sources
Private equity firms Cinven and Advent have teamed up to bid in an auction that could value Nestle’s skin health business at about 7 billion Swiss francs ($7 billion), three sources familiar with the matter said.
As outlook darkens, central banks think hard about their language
As central banks stock up on policy ammunition in the face of a worsening global economic outlook, they are having to reassess one of their most delicate weapons – the ‘forward guidance’ they use to flag their intentions to the markets.
