Bain says will help Toshiba Memory pursue big acquisitions
TOKYO (Reuters) – Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing M&A in the chip industry, including potentially large deals.
China’s Xiaomi eyes $3 billion CDRs in $10 billion July listing plan: sources
HONG KONG (Reuters/IFR) – Chinese smartphone maker Xiaomi plans to raise up to 30 percent of its blockbuster $10 billion IPO by selling shares in mainland China while offering the remainder in Hong Kong, people with knowledge of the matter told Reuters on Monday.
China says in principle door is open to talks with U.S. on trade
BEIJING (Reuters) – China’s door to talks is open in principle, the country’s Foreign Ministry said on Monday, a day after Beijing warned that any trade and business deals reached with Washington would be void if the United States implemented tariffs.
Metro will correct Russia situation soon: CEO
FRANKFURT (Reuters) – The chief executive of Metro is hopeful that the German retailer will turn around its struggling Russian business soon, he said on Monday.
Oil steady as extra U.S. supply balances strong demand
LONDON (Reuters) – Oil prices steadied on Monday as U.S. production hit a record high and OPEC members considered boosting supply to balance rising global demand.
With deal to close this week, Bayer to retire Monsanto name
FRANKFURT (Reuters) – Germany’s Bayer will wrap up the $63 billion takeover of Monsanto on Thursday and also retire the U.S. seeds maker’s 117 year-old name.
Bayer to close Monsanto takeover, to retire target’s name
FRANKFURT (Reuters) – Germany’s Bayer will wrap up the $62.5 billion takeover of Monsanto on Thursday this week and also retire the name of the U.S. seeds maker, it said on Monday.
Crude oil prices ease on prospects of higher world supplies
SINGAPORE (Reuters) – Crude oil futures lost more ground on Monday as the market was weighed down by U.S. output climbing to a record-high and expectations that OPEC members will raise supplies.
BHP process to unload U.S. shale operations could take until 2019
NEW YORK (Reuters) – The planned exit of BHP Billiton Ltd from its U.S. shale business has drawn oil companies and private equity firms into a competition that may have no clear winner until late this year or early next year, according to people famili…
Australia’s CBA seeks redemption with record settlement
SYDNEY (Reuters) – Commonwealth Bank of Australia (CBA) agreed to pay a record penalty of A$700 million ($529.3 million) to settle explosive money laundering charges brought by Australia’s financial intelligence agency.
