China’s Midea seeking 49 percent Kuka stake: report
BERLIN (Reuters) – China’s Midea Group Co Ltd is only seeking a 49 percent stake in German industrial robot maker Kuka , Handelsblatt reported on Monday, citing unnamed sources in the German government.
Brexit fear factor sends stocks spinning
LONDON (Reuters) – Fears that Britain may be on the verge of voting to leave the European Union next week coursed through global financial markets on Monday, sending Asian and European shares sharply lower and the pound to an eight-week low.
Siemens CEO says not interested in robot maker Kuka
BEIJING (Reuters) – Siemens has no interest in becoming a white knight for German robot maker Kuka, which is the target of a 4.5 billion euro ($5.06 billion) takeover bid by Chinese home appliance maker Midea, Siemens’ chief executive said.
South Korea’s Hotel Lotte postpones $4.5 billion IPO indefinitely after raids
SEOUL (Reuters) – South Korea’s Hotel Lotte Co Ltd said on Monday it was indefinitely postponing its IPO worth up to $4.5 billion, as the wider Lotte Group reeled from the impact of a series of raids on group firms by prosecutors.
Wal-Mart names China boss Clarke to run Britain’s Asda
(Reuters) – Wal-Mart has turned to the chief of its Chinese business Sean Clarke to revive Asda, its British supermarket group which has been the biggest casualty in an industry price war that has hammered its sales for nearly two years.
Libya SWF trial against Goldman Sachs set to start at London High Court
LONDON (Reuters) – Libya’s $67 billion sovereign wealth fund will go head-to-head with Goldman Sachs in London’s High Court this week over claims that the U.S. investment bank exploited the fund by encouraging it to make risky and ultimately worthless …
U.S. court to weigh lawmakers’ immunity in trading investigations
NEW YORK (Reuters) – A federal appeals court will consider on Monday whether a U.S. congressional committee and one of its former staff are immune from having to cooperate with an insider-trading investigation.
Exclusive: Verizon, AT&T set to make final round of bids for Yahoo web assets – sources
NEW YORK (Reuters) – U.S. telecommunications rivals Verizon Communications Inc and AT&T Inc are set to go through to the third and final round of bidding in the auction for Yahoo Inc’s core internet assets, according to people familiar with the matter.
Japan corporate sentiment worsens, capex plans revised up
TOKYO (Reuters) – Sentiment at large Japanese manufacturers worsened for the second consecutive quarter over April-June due to a rising yen, although companies did revise up their capital expenditure plans.
Chinese state-owned companies face greater scrutiny of EU deals after ruling
HONG KONG (Reuters) – Chinese state-owned companies seeking to buy European assets are going to face greater regulatory scrutiny following a landmark European Commission decision on a recent deal.
