Exclusive: China to tolerate weaker yuan, wary of trade partners’ reaction – sources
BEIJING/SHANGHAI (Reuters) – China’s central bank is willing to let the yuan fall to 6.8 per dollar in 2016 to support the economy, which would mean the currency matching last year’s record decline of 4.5 percent, policy sources said.
China’s Postal Savings Bank files for potential $10 billion IPO
HONG KONG (Reuters) – State-owned Postal Savings Bank of China (PSBC), the country’s largest bank by number of branches, has filed for a Hong Kong initial public offering (IPO) seeking to raise as much as $10 billion, Thomson Reuters IFR reported on Th…
South Africa clears AB InBev’s takeover of SABMiller
JOHANNESBURG (Reuters) – South Africa cleared Anheuser-Busch Inbev’s $100 billion-plus deal to acquire SABMiller on Thursday, putting the world’s largest brewer “on track” to complete the merger within the next six months.
EU opens investigation into AB InBev Belgian beer practices
BRUSSELS (Reuters) – EU antitrust regulators will investigate whether brewer Anheuser-Busch InBev is illegally blocking cheaper imports of its own beer into the Belgian market, the European Commission said on Thursday.
Oil falls towards $50 on higher supply outlook, economic worries
LONDON (Reuters) – Oil fell towards $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook following Britain’s vote to leave the European Union last week.
Japan regulator approves Canon deal to buy Toshiba unit, warns on method
TOKYO (Reuters) – Japan’s anti-monopoly regulator has approved Canon Inc’s acquisition of Toshiba Corp’s medical equipment unit, but issued a warning over the way they carried out the deal, which antitrust experts have called questionable.
Google buys 12-year output from Norwegian wind power farm
OSLO (Reuters) – Google has bought the entire 12-year power production from a yet-to-be-built Norwegian wind power farm to supply its European data centers with renewable energy, its developers said on Thursday.
Netflix says firm continues to look into entering China
SEOUL (Reuters) – Netflix Inc will continue to look into the possibility of entering China, a senior company executive said on Thursday, as the video streaming service seeks to grow its subscriber base outside its home of the United States.
BMW, Intel, Mobileye team up to develop autonomous cars: source
FRANKFURT (Reuters) – BMW is close to unveiling a development partnership for autonomous cars with Israeli collision detection software maker Mobileye and U.S. chip maker Intel , a source familiar with the matter said on Thursday.
U.S. watchdog examines SoftBank over ex-president Arora: Bloomberg
TOKYO (Reuters) – U.S. regulators are examining Japanese internet conglomerate SoftBank Group over possible conflicts of interest or other problems involving former president Nikesh Arora, who stepped down last week, Bloomberg News reported on Thursday…
