U.S. Trade Representative Lighthizer to lead talks with China: Navarro
U.S. Trade Representative Robert Lighthizer will lead negotiations with China over tariffs, market access and structural changes to intellectual property practices over the next 90 days, White House trade adviser Peter Navarro said on Monday.
GSK to buy cancer drugmaker Tesaro for $5.1 billion
GlaxoSmithKline has agreed to buy U.S. cancer drug specialist Tesaro for $5.1 billion, marking a major biotech investment by the drugmaker as its seeks to rebuild its pharmaceuticals portfolio.
Nexstar to buy Tribune Media for $4.1 billion
Nexstar Media Group Inc said on Monday it agreed to buy Chicago-based peer Tribune Media Company for about $4.1 billion in cash, making it the largest regional U.S. TV station operator.
Stocks surge after China-U.S. trade truce, Wall Street set for jump
A truce between U.S. and Chinese leaders on trade tariffs boosted global markets on Monday, fuelling an advance of nearly one percent by world stocks, setting up gains on Wall Street and pushing emerging-market currencies higher against the dollar.
Tencent Music presses play on $1.2 billion U.S. IPO
Tencent Music Entertainment launched its hotly-anticipated U.S. initial public offering (IPO) of up to $1.2 billion on Monday after global stock markets were boosted by a truce brokered by U.S. and Chinese leaders in their trade conflict.
UK retailer Ted Baker to investigate company culture of hugging
British fashion chain Ted Baker said it would investigate claims against chief executive and founder Ray Kelvin relating to his habit of hugging business colleagues.
World outlook darkens as factory activity slips, orders fall
Global economic prospects appear gloomy as year-end approaches after factory activity and export orders weakened in November, prompting analysts to predict no quick rebound amid persistent global trade tensions.
German government welcomes U.S.-China truce halting new tariffs for 90 days
The German Economy Ministry on Monday welcomed a deal between the United States and China to halt additional tariffs and hold fresh talks to try to reach an agreement within 90 days.
Unilever swallows GSK’s Indian Horlicks business for $3.8 billion
Unilever is to buy GlaxoSmithKline’s Horlicks nutrition business for $3.8 billion, boosting the Anglo-Dutch group’s position in India by adding the popular malted drink.
Macron to call on U.S. funds to build French start-ups, not steal them
French President Emmanuel Macron will urge a visiting group of top Silicon Valley venture capitalists this week to invest in the nation’s start-ups while calling on them not to “steal” the best creations, four sources told Reuters.
