Akzo Nobel in talks to buy U.S. rival Axalta
AMSTERDAM (Reuters) – Dutch paints and coatings maker Akzo Nobel, under pressure after rejecting a lucrative takeover offer and then issuing two profit warnings, said it was in talks to buy U.S. rival Axalta Coating Systems Ltd that could create a $30 …
South Korea prosecutors seek 10-year jail term for Lotte chairman
SEOUL (Reuters) – South Korean prosecutors are seeking a 10-year jail term for Lotte Group Chairman Shin Dong-bin after bringing corruption charges against him last year, a Lotte spokeswoman said.
Asia shares get tech boost from Apple, crude near two-year high
SYDNEY (Reuters) – Asian shares climbed on Monda, as technology stocks were bolstered by solid earnings from U.S. stalwarts and on strong pre-orders for Apple’s iPhone X, while oil hovered around a 2-year peak on concerns of tightening supplies.
Activist White Tale wants three seats on Clariant board
ZURICH (Reuters) – Activist investor White Tale on Monday demanded three seats on Clariant’s board and an independent strategic review of the Swiss speciality chemicals group after thwarting its plans to merge with U.S. peer Huntsman in a $20 billion d…
U.S. regulator wants to loosen leash on Wells Fargo: sources
WASHINGTON (Reuters) – A leading U.S. regulator wants to make it easier for Wells Fargo to pay employees when they leave, loosening a restriction in place since a phony accounts scandal hit the bank last year, according to people familiar with the matt…
U.S. oil exports boom, putting infrastructure to the test
NEW YORK/HOUSTON (Reuters) – Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock sp…
Asia shares get technology boost, crude near two-year top
SYDNEY (Reuters) – Asian shares climbed on Monday, as technology stocks were bolstered by solid earnings from U.S. tech stalwarts and on strong pre-orders for Apple’s iPhone X, while oil hovered around a 2-year peak on supply fears.
Kobe Steel to withdraw earnings forecast after data scandal: Nikkei
TOKYO (Reuters) – Embattled Kobe Steel Ltd has decided to withdraw its forecast for the current financial year as it struggles to quantify the impact of its data falsification scandal, the Nikkei business daily reported on Monday.
Kobe Steel to withdraw its full-year earnings forecast: Nikkei
TOKYO (Reuters) – Kobe Steel Ltd has decided to withdraw its forecast for current financial year, the Nikkei business daily reported on Monday, as it struggles to quantify the impact of its data falsification scandal.
Asia shares, crude oil buoyant; euro near three-month lows
SYDNEY (Reuters) – Asian shares climbed on Monday and crude oil rose to a 2-year top, while the euro loitered around a 3-month low as the European Central Bank’s decision to extend its stimulus further fattened the dollar’s yield advantage.
