Why does Couche-Tard want to buy 7-Eleven? It’s a ‘cheap’ stock, says portfolio manager
There is little to improve in Seven & i’s core business, but the company is cheaper than global counterparts, Comgest’s Kaye said.
Russia signals its official stance on using nuclear weapons is about to change, accusing the West of ‘escalation’
Russia has again hinted that it is making changes to its official policy on the use of nuclear weapons, as Ukraine’s incursion into the Kursk region continues.
Harris says she opposes U.S. Steel’s sale to a Japanese firm during campaign event
“U.S. Steel should remain American-owned and American-operated, and I will always have the backs of America’s steelworkers,” she said.
Venezuela issues arrest warrant for opposition leader Gonzalez, attorney general says
Venezuela issued an arrest warrant for opposition leader Edmundo Gonzalez, accusing him of conspiracy amid a dispute over the July election results.
ByteDance taps banks for $9.5 billion Asia dollar corporate loan, Reuters reports
Citigroup, Goldman Sachs and JPMorgan are the coordinators of the financing, which carries a tenor of three years and can be extended to up to five years.
U.S. military says Yemen’s Houthis attacked two crude oil tankers in Red Sea
Yemen’s Iran-backed Houthi rebels attacked two crude oil tankers in the Red Sea on Monday, the U.S. military said, in a “reckless acts of terrorism”.
Chinese consumer brands look to crack the global market with Singapore as a testbed
Chinese consumer brands are using Singapore as a cultural testbed in their push to build an international business.
Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, Reuters reports
Blackstone-led consortium nearing deal to acquire Australian data center group AirTrunk for $13.53 billion including debt, said source in Reuters report.
CNBC Daily Open: Bitcoin isn’t really a currency (yet)
In my head, bitcoin is pretty pebbles exchanged among enthusiasts. But no one’s really using it to buy other goods.
JPMorgan economist says China’s housing market crash is still not over
China’s troubled housing market could see prolonged softness, as a slew of government stimulus and supportive measures have not been “satisfactory.”
