Exclusive: China’s Belt and Road acquisitions surge despite outbound capital crackdown
HONG KONG (Reuters) – Mergers and acquisitions by Chinese companies in countries that are part of the Belt and Road initiative are soaring, even as Beijing cracks down on China’s acquisitive conglomerates to restrict capital outflows.
Bombardier applies for judicial review against Metrolinx
(Reuters) – Bombardier Inc , which was excluded from bidding on a contract by Ontario-based transportation agency Metrolinx, said on Tuesday it had filed an application for judicial review.
Hedge fund Elliott ups stakes at BHP by crossing threshold
MELBOURNE/LONDON (Reuters) – Hedge fund Elliott Management has upped the stakes at BHP , gaining powers to push for change by raising its holding in the miner’s London-listed arm to 5 percent.
Fractured U.S. solar sector argues at tariff hearing
(Reuters) – A bitterly divided U.S. solar power industry descended on Washington on Tuesday to testify before a government panel that has been asked to impose steep tariffs on imported solar panels.
FTC asks Clariant, Huntsman for more information on planned merger
(Reuters) – Swiss chemicals maker Clariant AG and U.S.-based Huntsman Corp said on Tuesday U.S. regulators had asked for more information on their proposed merger, but they were confident of still closing the deal by the end of this year.
Tech companies ramp up NAFTA lobbying on eve of trade talks
WASHINGTON (Reuters) – Technology companies, such as Microsoft and Cisco Systems have ramped up lobbying ahead of talks to renegotiate the North American Free Trade Agreement, looking to avoid any future restrictions on cloud storage and to promote …
Wells Fargo changes board, names Duke chair in response to scandal
(Reuters) – Wells Fargo & Co Vice Chair Betsy Duke will replace retiring Chair Stephen Sanger next year, one of several changes announced on Tuesday in a board overhaul following a sales practices scandal.
Blackstone ends talks for NSO Group stake that prompted protest: sources
(Reuters) – Blackstone Group has pulled out of discussions to buy part of Israeli mobile surveillance software maker NSO Group, according to people familiar with the talks that had been criticized by digital privacy activists.
Apple plans to sell C$2.5 billion in bonds in Canada: IFR
TORONTO (Reuters) – Apple Inc plans to sell C$2.5 billion ($1.96 billion) in bonds in a Canadian-dollar-denominated issue, which would be a record amount for an issuer in the Maple bond market, Thomson Reuters IFR reported on Tuesday.
AIG shops $2 billion death benefits portfolio: sources
(Reuters) – American International Group Inc wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said.
