Singapore home prices up again, suburbs seen most vulnerable to correction
SINGAPORE (Reuters) – Singapore home prices rose for a fifth straight quarter in the three months to June, and analysts said owners and developers of private apartments in the outer suburbs appear most at risk should the property market correct.
Ballard Saphr expands white-collar defense work, acquires Stillman & Friedman
(Reuters) – New York litigation boutique Stillman & Friedman, whose clients have included famous Wall Street moneymen and government lawyers, is being acquired by the large law firm Ballard Spahr, according to the firms’ leaders.
Analysis: Latest Barrick mine delay fans price tag fears
TORONTO (Reuters) – Barrick Gold Corp has slowed spending at its Pascua-Lama project in South America, delaying first output to 2016, but that may not be enough for the its shareholders, who worry that the final price tag may creep beyond what the mine…
China HSBC PMI slips to nine-month low of 48.2 in June
BEIJING (Reuters) – China’s factory activity shrank for a second straight month in June and reached its lowest in nine months as new orders fell despite price cuts by producers, a private survey showed on Monday, reinforcing signs of economic slowdown …
Japan big manufacturers’ mood turns positive: BOJ tankan
TOKYO (Reuters) – Japanese manufacturers’ sentiment turned positive in the three months to June for the first time in nearly two years, a closely-watched central bank survey showed, a sign the recent market turbulence has yet to hurt the feel-good mood…
Onyx explores possible sale after rejecting Amgen offer
NEW YORK (Reuters) – Cancer drugmaker Onyx Pharmaceuticals Inc said on Sunday it rejected a roughly $10 billion takeover offer from larger biotechnology company Amgen Inc as too low but still is considering selling itself.
Onyx explores possible sale, rejects Amgen offer
NEW YORK (Reuters) – Onyx Pharmaceuticals Inc said on Sunday it rejected a roughly $10 billion takeover offer from larger rival Amgen Inc as too low but is still considering a sale of the company.
Nokia agrees to buy Siemens’ stake in NSN joint venture: Bloomberg
(Reuters) – Mobile handset maker Nokia has reached a deal to buy German industrial conglomerate Siemens’ stake in their telecoms equipment joint venture, Nokia Siemens Networks, Bloomberg reported on Sunday, citing three people familiar with the situat…
Alabama county files exit plan to end $4.2 billion bankruptcy
(Reuters) – Alabama’s Jefferson County on Sunday filed a negotiated restructuring plan to wind up America’s largest municipal bankruptcy and lock in losses of as much as 70 cents on the dollar for JPMorgan Chase and other Wall Street creditors.
Greece, lenders resume talks on 8.1 billion euro bailout tranche
ATHENS (Reuters) – Greece and its international lenders resume talks to unlock 8.1 billion euros ($10.5 billion) of rescue loans on Monday after a two-week break in which the government almost collapsed over bailout-related firings at state broadcaster…
