New Akzo Nobel boss pursues $30 billion deal with Axalta
AMSTERDAM/FRANKFURT (Reuters) – Dutch paints maker Akzo Nobel, seeking to recover after rejecting a takeover offer and issuing two profit warnings, is discussing a merger with smaller U.S. rival Axalta Coating Systems Ltd to create a $30 billion compan…
World stocks hit new high as Spain relief, tech rally boost European trading
LONDON (Reuters) – A strong rally in the technology sector helped drive global stocks to a record high on Monday, while a recovery in Spanish markets supported European shares after an opinion poll smoothed investors’ concerns over Catalan secession.
Scandal-hit Kobe Steel seeks loans, shareholder offers support
TOKYO (Reuters) – Kobe Steel Ltd is seeking 50 billion yen ($440 million) in loans from banks, a banking source said on Monday, while a shareholder said it was ready to offer support as the company grapples with a scandal over falsified product specif…
Two banks drop McKinsey in fallout from South Africa scandal
JOHANNESBURG (Reuters) – Barclays Africa and Standard Bank said on Monday they would stop working with McKinsey, a further blow to the global consultancy as it faces allegations of bribery for work done with friends of South African President Jacob Z…
Futures slightly lower as Fed chair decision looms
(Reuters) – U.S. stock index futures pointed to a lower opening for Wall Street on Monday as investors held back from making big bets ahead of a decision on the next Federal Reserve head.
Akzo Nobel seeks $30 billion merger with smaller U.S. rival Axalta
AMSTERDAM (Reuters) – Dutch paints maker Akzo Nobel, under pressure after rejecting a lucrative takeover offer and two profit warnings, has confirmed merger talks with smaller U.S. rival Axalta Coating Systems Ltd to create a $30 billion company.
World stocks hit new high as Spanish relief, tech rally boost European trading
LONDON (Reuters) – World stocks hit a new record high on Monday, boosted by strong global technology stocks, while European trading was lifted by a recovery in Spanish markets after a poll eased investors’ concerns over Catalan secession.
HSBC says it might move fewer than 1000 jobs to Paris on Brexit
LONDON (Reuters) – HSBC may move fewer than 1000 jobs to Paris following Britain’s exit from the European Union, the bank’s finance director Iain Mackay said on Monday.
Activist White Tale demands Clariant board seats, review
ZURICH (Reuters) – White Tale Holdings, the activist investor that thwarted a $20 billion merger between Clariant and U.S. rival Huntsman, on Monday demanded three seats on the Swiss chemical maker’s board and an independent strategic review of the bus…
Kobe Steel seeks loan, shareholder offers support after data scandal
TOKYO (Reuters) – Embattled Kobe Steel Ltd is seeking 50 billion yen ($440 million) in loans from banks, a banking source said on Monday, while a shareholder said it was ready to offer assistance as the company grapples with a scandal over falsified p…
