Russian tycoon Deripaska withdraws from Nornickel board nomination
MOSCOW (Reuters) – Russian tycoon Oleg Deripaska has withdrawn his nomination candidacy to join the board of Norilsk Nickel, the mining firm said in a statement on Thursday.
WeWork snapping up China-based rival Naked Hub
HONG KONG/SHANGHAI (Reuters) – U.S. co-working space provider WeWork Cos said on Thursday it would buy China-based rival Naked Hub to boost its footprint in the world’s second largest economy.
Takeda sounds out banks for loans as it moves towards Shire bid: sources
TOKYO (Reuters) – Takeda Pharmaceutical has sounded out its major creditors for loans, two sources with direct knowledge of the matter said, as it moves closer to a bid for London-listed rare disease specialist Shire that could hit $50 billion.
Warburg Pincus in talks to invest in Ant’s $8 billion funding round: sources
HONG KONG (Reuters) – U.S. private equity firm Warburg Pincus LLC [WP.UL] is in talks to invest in a fundraising round for China’s Ant Financial Services Group [ANTFIN.UL] that is expected to be worth at least $8 billion, people with knowledge of the matter said.
China says it will fight back if U.S. escalates trade spat
BEIJING (Reuters) – China’s commerce ministry said on Thursday trade negotiations with the United States would be impossible as Washington’s attempts at dialogue were not sincere, and vowed to retaliate should U.S. President Donald Trump escalate curre…
Takeda sounding out banks for loans to buy Shire: sources
TOKYO (Reuters) – Takeda Pharmaceutical Co Ltd has sounded out creditors for loans, sources with direct knowledge of the matter said, as it moves closer to making a bid for London-listed rare disease specialist Shire that could top $40 billion.
Stocks on edge, oil soars on escalating Middle East tensions
TOKYO (Reuters) – Stocks came under pressure on Thursday as the threat of imminent U.S. military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about potential disruptions to supply and distrib…
WeWork to snap up China-based rival Naked Hub: sources
HONG KONG/SHANGHAI (Reuters) – U.S. co-working firm WeWork Cos is planning to buy China-based rival Naked Hub, three sources familiar with the deal told Reuters, a move which would boost the New York firm’s footprint in the world’s second largest econo…
Backpage.com co-founder likely to be released on Friday: attorney
PHOENIX (Reuters) – A co-founder of Backpage.com charged with knowingly facilitating prostitution and money laundering will likely be released from federal detention later this week after posting $1 million bond, his attorney said on Wednesday.
South Korea to complete due diligence on GM Korea by early May
SEOUL (Reuters) – South Korea said on Thursday it expects to complete due diligence on General Motors Co’s local subsidiary by early May, as the government considers whether to inject taxpayers’ money into the U.S. automaker’s money-losing unit.
