Merck bolsters animal health unit with $2.4 billion Antelliq purchase
Merck and Co said on Friday it will buy privately held French company Antelliq Group, which makes digital identification products for livestock, for about 2.1 billion euros ($2.37 billion) to bolster its fast-growing animal health business.
Nissan says Ghosn representatives took documents from Rio apartment
Nissan said on Friday that representatives of ousted chairman Carlos Ghosn had retrieved documents from a disputed corporate apartment in Rio de Janeiro which it had allowed them to enter following a Brazilian court ruling.
Renault board did not consider replacing Ghosn: interim chairman
Renault’s board did not consider replacing Chief Executive Carlos Ghosn when it met on Thursday, interim chairman Philippe Lagayette said in a statement issued by the carmaker.
LVMH splashes out on luxury hotels with $3.2 billion Belmond deal
Luxury goods maker LVMH has agreed to buy Belmond , the owner of hotels including Venice’s landmark Cipriani, for a total of $3.2 billion to raise its profile in upmarket hospitality.
China says to halt additional tariffs on U.S.-made cars from Jan. 1
China will suspend additional tariffs on U.S.-made vehicles and auto parts for three months starting Jan. 1, 2019, the country’s finance ministry said on Friday, following a truce in a trade war between the world’s two largest economies.
Tesla cuts China prices after tariff drop on U.S.-made cars
Tesla Inc has cut prices on its Model S and Model X vehicles in China after Beijing suspended additional tariffs on U.S.-made cars.
New problems for embattled Huawei in France and Germany
Huawei [HWT.UL] faces fresh challenges in Europe after France’s Orange said it would not hire the Chinese firm to build its next-generation network and Germany’s Deutsche Telekom announced it would review its vendor strategy.
SoftBank telco IPO sees strong demand despite Huawei, network disruption
Domestic investors have sought nearly double the number of shares offered by SoftBank Group Corp’s soon-to-list wireless unit, two sources from a lead IPO underwriter said, underscoring strong demand for Japan’s third-largest telco.
Scale of theft at Shell’s Singapore refinery much greater, court docs show
Around $150 millions’ worth of oil was stolen from Shell’s biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first revealed the heist earlier this year.
Thyssenkrupp fills key management posts after year of turmoil
Thyssenkrupp moved on Friday to fill key management positions, preparing for the spin off its capital goods business after a tumultuous year that saw the resignation of the conglomerate’s top leadership.
