Burberry rejects multiple takeover offers from Coach: Financial Times
(Reuters) – British luxury fashion brand Burberry has rejected multiple takeover offers from U.S. handbag maker Coach Inc , the Financial Times reported on Sunday.
Greece sees final solution on debt crisis amid euro uncertainty
ATHENS (Reuters) – Political uncertainty in Europe has created fresh momentum for a “comprehensive and permanent” solution to the Greek debt crisis before the year ends, a government spokesman said on Sunday.
EU blames China for WTO environmental trade talks collapse
GENEVA (Reuters) – Europe’s trade negotiator blamed China on Sunday for scuppering a global environmental trade deal by submitting impossible late demands at World Trade Organization talks aimed at scrapping import tariffs on exports worth more than $1…
Novartis CEO plays down prospects for Actelion bid: Blick
VIENNA (Reuters) – Novartis Chief Executive Joe Jimenez has played down suggestions the Swiss drugmaker could bid for Swiss biotech group Actelion, which is in talks with U.S. healthcare group Johnson & Johnson about a transaction.
No price like home: Big spenders reappear in China
SHANGHAI/BEIJING (Reuters) – China’s wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents – a welcome boost for the world’s luxury brands.
Fed official stands by Wall Street reforms, says must complete work
NEW YORK (Reuters) – The United States “absolutely must” complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday….
Aixtron, Fujian to explore what is left of deal after U.S. veto
FRANKFURT (Reuters) – German semiconductor equipment maker Aixtron will explore with its Chinese suitor what can be salvaged of the planned takeover after a U.S. presidential order ruled the deal posed a national security risk, the company said on Satu…
Small banks rally pauses but may not be over yet
NEW YORK (Reuters) – The rally in regional U.S. bank stocks that followed last month’s election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further.
China securities regulator chairman condemns “barbaric” company buy-outs by asset managers
BEIJING (Reuters) – The chairman of China’s securities regulator condemned “barbaric” leveraged company buy-outs by some asset managers using illegal funds, according to a statement posted on the China Securities Regulatory Commission (CSRC) website on…
Airbnb, New York City settle rental law lawsuit
NEW YORK (Reuters) – Airbnb Inc and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals.
