Kraft walks away from ‘friendly’ bid for Unilever
NEW YORK (Reuters) – U.S. food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc , the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target.
Inbound China M&A takes flight on consumer promise
HONG KONG (Reuters) – Overseas acquisitions by Chinese buyers are cooling after two record years as Beijing reins in capital outflows, but deals into China are on the rise, and new rules will make it easier for foreign buyers to tap China’s giant consu…
PSA pledges to keep Opel’s four German sites running: Bild am Sonntag
FRANKFURT (Reuters) – PSA Group has pledged to the German government to continue operating all four of Opel’s German production sites as part of the French carmaker’s planned takeover of General Motors’ European arm, German Sunday paper Bild am Sonnt…
UK PM May orders officials to examine Kraft Heinz bid for Unilever: FT
LONDON (Reuters) – British Prime Minister Theresa May has asked top officials to examine U.S. food company Kraft Heinz’s proposed takeover of Unilever Plc , the Financial Times reported on Sunday without citing any sources.
Ford sees big Russia gamble vindicated as sales finally turn corner
MOSCOW (Reuters) – Ford has become the first major foreign carmaker in Russia to see sales grow after three bad years, potentially vindicating its decision to double down on a notoriously volatile market when rivals decided to cut and run.
Bank of Singapore to use Dubai as base to attract Middle East, Africa wealth
DUBAI (Reuters) – The private banking arm of Singapore’s second-biggest lender OCBC is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East and Africa, its chief executive told Reuters on Sunday.
China to suspend all imports of coal from North Korea
SHANGHAI (Reuters) – China will suspend all imports of coal from North Korea starting Feb. 19, the country’s commerce ministry said in a notice posted on its website on Saturday, as part of its efforts to implement United Nations sanctions against the …
Freeport Indonesia CEO resigns after force majeure on copper exports
JAKARTA (Reuters) – Chappy Hakim, chief executive of miner Freeport-McMoran Inc’s Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua…
Trump sons open Dubai golf course, praise U.S. ally
DUBAI (Reuters) – U.S. President Donald Trump’s eldest sons Donald Trump Jr. and Eric Trump were guests of honor at the opening of a Trump-branded golf course in Dubai on Saturday, the first Trump property project launched since their father’s inaugura…
After night in cell, Samsung scion taken for questioning
SEOUL (Reuters) – Handcuffed and tied with white rope, the scion of one of the world’s biggest conglomerates, Samsung Group, was taken on Saturday for questioning by South Korean authorities after spending a night in a small detention cell.
