How AstraZeneca escaped Pfizer’s clutches this time
LONDON (Reuters) – On a sunny day in San Francisco last January, AstraZeneca Chief Executive Pascal Soriot was on his way to the Westin St. Francis hotel on Union Square to give investors some unexpectedly good news.
Foxconn to buy $390 million stake in Taiwan telecom operator in 4G push
TAIPEI (Reuters) – Apple Inc supplier Foxconn Technology Group will buy a stake in Taiwanese mobile telecoms operator Asia Pacific Telecom for T$11.6 billion ($390 million) in a deal that would expand its presence in Taiwan’s fledgling 4G telecoms mark…
Pfizer walks away from $118 billion AstraZeneca takeover fight
LONDON/NEW YORK (Reuters) – Pfizer abandoned its attempt to buy AstraZeneca for nearly 70 billion pounds ($118 billion) on Monday as a deadline approached without a last-minute change of heart by the British drugmaker.
With London ‘fix’ under fire, China seeks bigger sway in gold trade
SINGAPORE (Reuters) – China has approached foreign banks and gold producers to participate in a global gold exchange in Shanghai, people familiar with the matter said, as the world’s top producer and importer of the metal seeks greater influence over p…
Bank of Japan, more confident about recovery, quietly eyes stimulus exit
TOKYO (Reuters) – The Bank of Japan has begun shifting its focus from supporting growth to ways of phasing out its massive stimulus, taking first tentative steps towards a potentially momentous move for the world economy.
Pork DNA found in two chocolate products of Cadbury Malaysia: report
(Reuters) – Chocolate maker Cadbury Malaysia, a part of Mondelez International Inc, on Monday recalled two chocolate products after they tested positive for traces of pork DNA, the Nikkei Asian Review website reported.
Exclusive hedge funds crack open door to Main Street
LAS VEGAS (Reuters) – As a $14.8 billion hedge fund with a reputation for savvy mortgage trades and a record of double-digit returns, Pine River Capital Management has long signed up multi-billion-dollar pension and sovereign wealth funds as investors….
China’s state-owned sector told to cut ties with U.S. consulting firms
(Reuters) – China has told its state-owned enterprises to sever links with American consulting firms just days after the United States charged five Chinese military officers with hacking U.S. companies, the Financial Times reported on Sunday.
Prawns replace abalone as China property developers go down-market
HONG KONG (Reuters) – The Chinese developer behind an eight-storey clubhouse with a billion-dollar view over Shanghai’s Huangphu River is turning to lower-end coffee shops and restaurants to fill the space, as a broad anti-graft campaign puts the brake…
Asian shares waver, euro steady but ECB talk weighs
TOKYO (Reuters) – Asian stocks erased early modest gains on Tuesday, while the euro steadied but remained vulnerable after overnight comments from the European Central Bank chief heightened expectations of easing steps in the euro zone.
