Japan’s Takeda shares drop as investors fret over Shire pursuit
TOKYO (Reuters) – Takeda Pharmaceutical Co Ltd shares lost almost 5 percent of their value on Friday as investors fretted over the size of any deal the Japanese firm would have to make to seal its record-breaking purchase of London-listed Shire PLC.
End of Sorrell’s reign heralds change for big ad empires
LONDON (Reuters) – Martin Sorrell’s departure from the world’s biggest advertising company heralds change for his sprawling WPP empire and may accelerate a shake up of the big ad groups that followed his lead.
P&G’s vitamin boost could signal more to come
LONDON/CHICAGO (Reuters) – Procter & Gamble’s $4.2 billion deal for Merck’s vitamin and supplements business is the latest example of a major consumer company stocking up on health-related products.
GM Korea and union to talk again on Friday, seek to stave off bankruptcy
SEOUL (Reuters) – General Motors’ South Korean unit and its labor union are set to hold another round of wage talks on Friday afternoon, keen to stave off a threat by the U.S. automaker to seek bankruptcy for the loss-making unit.
JPMorgan, National Bank of Canada, others test debt issuance on blockchain
NEW YORK (Reuters) – JPMorgan Chase & Co has tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms, they said on Friday, seeking to streamline origination, settlement, interest rate payments and other processes.
China’s ZTE slams U.S. ban on sales, says company’s survival at risk
HONG KONG (Reuters) – China’s ZTE Corp said on Friday that a U.S. ban on the sale of parts and software to the company was unfair and threatens its survival, and vowed to safeguard its interests through all legal means.
Australia vows crackdown on corporate misconduct as bank inquiry claims AMP scalp
SYDNEY (Reuters) – An Australian inquiry into financial sector misconduct claimed its first scalp on Friday as the chief executive of the country’s largest wealth manager stepped down over revelations of board-level deception and misappropriation of fu…
Asia tech shares spooked by phone warning, oil near highs
SYDNEY (Reuters) – Asian shares slipped on Friday as a warning on smartphone demand from the world’s largest contract chipmaker slugged the tech sector, while high oil prices stirred inflation fears and undermined sovereign bonds.
Oil close to late-2014 highs on supply cuts, strong demand
SINGAPORE (Reuters) – Oil prices held firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts gradually draw down excess supplies.
Oil remains close to late-2014 highs as ongoing supply cuts reduce inventories
SINGAPORE (Reuters) – Oil prices were firm on Friday near three-year highs reached earlier this week as ongoing OPEC-led supply cuts gradually drawn down excess supplies.
