Singapore watchdog says Uber-Grab deal may have infringed competition
SINGAPORE (Reuters) – Singapore’s competition watchdog said it had reasonable grounds to suspect competition had been infringed by Uber Technologies Inc’s [UBER.UL] deal to sell its operations in Southeast Asia to rival ride-hailing firm Grab.
Foxconn fourth-quarter net profit estimated T$71.66 billion, up 4 percent from year ago
TAIPEI (Reuters) – Taiwan’s Foxconn , the world’s largest contract electronics maker and a key Apple Inc supplier, reported on Friday 4.2 percent growth in fourth quarter net profit from a year ago, defying expectations for a decline.
Deutsche Bank eyes ex-UBS manager Zeltner as next CEO: Spiegel
BERLIN (Reuters) – Deutsche Bank’s chairman Paul Achleitner is considering making Juerg Zeltner, the former head of the wealth management business of Swiss bank UBS, the successor to Chief Executive John Cryan, Spiegel magazine reported on Friday.
Businesses, consumers uncertain ahead of China VPN ban
BEIJING (Reuters) – Businesses and consumers in China are bracing themselves ahead of a March 31 ban on non-state sanctioned virtual private networks (VPNs), saying regulators have not provided clarity on how the ban will be implemented.
NYSE in talks to acquire Chicago Stock Exchange: WSJ
(Reuters) – Intercontinental Exchange Inc’s New York Stock Exchange (NYSE) is in talks to buy the Chicago Stock Exchange (CHX), the Wall Street Journal reported on Friday, a month-and-a-half after U.S. regulators blocked the sale of CHX to China-based…
Toshiba says unable to meet end-March deadline for chip unit sale
TOKYO (Reuters) – Toshiba Corp said on Friday it would not be able to complete an $18 billion deal to sell its prized chip unit by an agreed deadline at the end of March, as it had not received anti-monopoly approval from China.
How Seoul raced to conclude U.S. trade deal ahead of North Korea talks
SEOUL (Reuters) – South Korean trade officials braved snowstorms, ate instant noodles to save time and spent weeks hotel-hopping in Washington as they raced to overcome major trade hurdles with their U.S. ally ahead of high-stakes nuclear discussions w…
Amazon cuts ties with top Washington lobbying firms: Bloomberg
(Reuters) – Online retailing behemoth Amazon.com Inc has cut ties with Washington lobbying firms Akin Gump Strauss Hauer & Feld LLP and Squire Patton Boggs, Bloomberg reported on Friday.
Global mergers and acquisitions reach record high in first quarter
NEW YORK/LONDON (Reuters) – Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in value, as U.S. tax reform and faster economic growth in Europe unleashed many companies’ dealmaking instincts.
KPMG hit by Hong Kong High Court in $400 million China Medical fraud
BEIJING (Reuters) – Global accounting firm KPMG has suffered a major setback in its battle against liquidators of former U.S.-listed healthcare firm China Medical Technologies Inc, whose executives have been charged in the U.S. with defrauding investor…
