Dollar stands tall, stocks fall after hawkish Fed minutes
The dollar rose to a one-week high on Thursday and stocks edged lower after signs that the Federal Reserve will keep raising interest rates through 2019 undermined a bounce in world markets.
Takeda gets Japanese approval for $62 billion Shire purchase
Takeda Pharmaceutical Co Ltd said on Thursday Japan’s Fair Trade Commission had approved its $62 billion acquisition of Shire Plc , bringing the Japanese firm closer to sealing a deal that will make it a global top 10 drugmaker.
UK fashion retailer New Look to exit China, close 120 stores
British fashion group New Look is to exit China and will close its remaining 120 stores there by the end of the year, it said on Thursday.
Indonesia raids home of Lippo Group deputy chairman in bribery probe
Indonesia’s anti-graft agency said on Thursday it had raided 10 locations, including the home of Lippo Group Deputy Chairman James Riady, as part of a bribery investigation linked to the conglomerate’s $21 billion Meikarta real estate project.
Asia stocks falter as dollar, U.S. yields rise to one-week high
China’s benchmark stock index skidded to four-year lows on Thursday, dragging Asian equities lower, while the dollar hit a one-week high as minutes of the Federal Reserve’s latest meeting reinforced expectations that U.S. yields will rise further.
Blackstone concedes defeat to Canada’s Oxford in battle for Australia’s Investa
Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group’s A$3.35 billion ($2.4 billion) bid.
VW to offer buyer incentive for scrapping older German diesels
Volkswagen on Thursday said it will offer trade-in incentives and a bonus for scrapping older diesel vehicles in Germany, in a move to stave off driving bans in polluted cities.
Asia stocks falter as China knocked by renewed trade war fears
China’s benchmark stock index skidded to four-year lows and dragged Asian equities down on Thursday, as renewed fears of a broadening economic impact from an escalating Sino-U.S. trade conflict sapped confidence.
Indonesia raids home of Lippo Group’s deputy chairman in bribery probe
Indonesia’s anti-graft agency said on Thursday it had raided 10 locations, including the home of the deputy chairman of the Lippo Group , as part of a bribery investigation linked to the conglomerate’s $21 billion Meikarta real estate project.
Hacked, scammed and on your own: navigating cryptocurrency ‘wild west’
When Peggy and Marco Lachmann-Anke learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA.
