German investor morale drops unexpectedly in February
MANNHEIM, Germany (Reuters) – German analyst and investor sentiment fell in February due to concerns that the economic upturn in the United States could lose steam and worries about emerging market economies’ prospects in the medium-term, a survey show…
Exclusive: Temasek seeks to sell $3.1 billion stake in Thailand’s Shin Corp to SingTel – sources
SINGAPORE/HONG KONG (Reuters) – Singapore state investor Temasek Holdings Pvt Ltd is seeking to sell its $3.1 billion stake in Thai telecom company Shin Corp and has approached its SingTel unit as a possible buyer, people familiar with the matter said….
Most Japan automakers resume plant operations after snow; Mazda, Nissan still affected
TOKYO (Reuters) – Most Japanese car makers including Toyota Motor Corp have resumed operations at their plants that were suspended after heavy snow disrupted parts deliveries, companies said on Tuesday, limiting impact on their domestic production volu…
HP was aware of Autonomy’s loss-making hardware sales: FT
(Reuters) – Hewlett-Packard Co’s senior executives were aware of certain Autonomy Corp sales practices months before a whistleblower flagged them, prompting HP to write down the value of Autonomy, the Financial Times reported, citing email records.
Credit Suisse asks employees to switch bonus scheme
ZURICH (Reuters) – Credit Suisse is scrapping a scheme that linked bonuses to risky assets after the plan clashed with capital regulations.
Germany’s stance on pricing threatens drug firm profits
FRANKFURT/BERLIN (Reuters) – Germany’s plan to publish price discounts agreed with drugmakers poses a risk to profits in the industry, which fears the information could be used to drive down prices elsewhere.
Canon says to buy back up to 1.6 percent of own shares
TOKYO (Reuters) – Japan’s Canon Inc said on Tuesday that it will buy back up to 1.6 percent of its own shares, spending up to 50 billion yen ($490.7 million) between February 19 and April 4.
Exclusive: Temasek seeks to sell $3.1 billion stake in Thailand’s Shin Corp to SingTel – sources
SINGAPORE/HONG KONG (Reuters) – Singapore state investor Temasek Holdings Pvt Ltd is seeking to sell its $3.1 billion stake in Thai telecom company Shin Corp , according to people familiar with the matter, and has approached its SingTel unit as a possi…
Greenberg’s Starr leads $4.4 billion MultiPlan acquisition
(Reuters) – Former AIG boss Maurice “Hank” Greenberg’s Starr Investment Holdings LLC said on Monday it had agreed to take over health insurance claims processor MultiPlan Inc in what is by far its biggest private equity investment to date.
Peugeot family approves draft Dongfeng deal: sources
PARIS (Reuters) – PSA Peugeot Citroen’s founding family gave the go-ahead on Monday for a 3 billion euro ($4.1 billion) tie-up with China’s Dongfeng that would draw a line under one of France’s oldest industrial dynasties, sources said.
