Valeant reports profit in fourth quarter on $1.3 billion tax benefit
(Reuters) – Valeant Pharmaceuticals on Wednesday reported a profit in the fourth quarter compared to a year-earlier loss, as it booked a one-time benefit because of new U.S. tax laws.
Exclusive: Bayer to win EU approval for $62.5 billion Monsanto deal – sources
BRUSSELS (Reuters) – German drug and crop chemical maker Bayer is set to gain conditional European Union antitrust approval for its $62.5 billion bid for world No. 1 seed company Monsanto , two people familiar with the matter said on Wednesday.
Indonesia seizes luxury yacht linked to 1MDB probe
JAKARTA (Reuters) – Indonesia on Wednesday seized a luxury yacht on the island of Bali sought by the U.S. Department of Justice (DOJ) as part of a multi-billion dollar corruption investigation linked to Malaysian state fund 1Malaysia Development Berhad…
Fed’s Powell sends world stocks reeling to five-day low to end turbulent February
LONDON (Reuters) – World stocks were set to snap a record 15-month long winning streak on Wednesday, tumbling another quarter percent after new Fed boss Jerome Powell’s comments suggested the possibility of four U.S. interest rate rises this year rathe…
Toys R Us goes into administration in Britain, putting 3,000 jobs at risk
LONDON (Reuters) – Retailer Toys R Us UK [TOYUK.UL] has gone into administration, the firm appointed to oversee the process said, putting around 3,000 jobs at risk.
Israel’s Bezeq names Paz as acting CEO during police investigation
JERUSALEM (Reuters) – Bezeq Israel Telecom said on Wednesday it named Yakov Paz as interim chief executive for at least the next month while CEO Stella Handler remains under police investigation.
Exclusive: Amid liquidity concerns, China’s HNA Group aviation fuel bill hits $476 million – sources
BEIJING (Reuters) – China’s HNA Group has amassed an estimated 3 billion yuan ($476 million) bill with a state-run aviation fuel company, two oil industry sources said, underscoring how a deepening cash crunch is plaguing core operations at the conglom…
Germany weighs tighter rules after Geely takes Daimler stake
BERLIN (Reuters) – Germany will investigate whether to tighten the rules that govern when an investor needs to disclose a holding in a company after news that China’s Geely purchased a $9 billion stake in Daimler surprised the market.
Bank Hapoalim to set aside another $75 million over U.S. tax investigation
TEL AVIV (Reuters) – Bank Hapoalim will set aside an additional $75 million to cover a potential settlement in a U.S. investigation of possible tax evasion by the bank’s clients there, Israel’s largest bank said on Wednesday.
Germany to consider tightening markets disclosure rules: Economy Ministry
BERLIN (Reuters) – The German government will investigate whether rules governing when an investor needs to disclose a holding in a company should be tightened, according to an Economy Ministry report seen by Reuters.
