U.S. sues to block $4.3 billion deal between Assa Abloy and U.S. rival

The U.S. Justice Department has sued to block a $4.3-billion deal by Assa Abloy AB to buy a division of Spectrum Brands Holdings Inc that makes residential door hardware, the department said in a statement on Thursday which said the deal could lead to higher prices for consumers.

newspaper

15-09-2022

CVC selling Asian funeral business Nirvana, seeks as much as $2 billion -sources

SINGAPORE/HONG KONG (Reuters) -Private equity firm CVC Capital Partners is selling Malaysian funeral services provider Nirvana Asia Ltd in a deal that could fetch up to $2 billion, three people with knowledge of the matter told Reuters.

newspaper

15-09-2022

Big Chinese state-owned banks cut personal deposit rates

SHANGHAI (Reuters) -Five of China's largest banks cut personal deposit rates from Thursday, according to information available on the lenders' mobile apps, a move that could ease the pressure on their margins after recent lending rate cuts to revive the economy.

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15-09-2022

China central bank pauses monetary easing, partially rolls policy loan, keeps rate unchanged

SHANGHAI (Reuters) -China's central bank partially rolled over maturing medium-term policy loans while maintaining the interest rate as expected on Thursday, as hawkish U.S. Federal Reserve tightening limited room to manoeuvre monetary policy to support the economy.

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15-09-2022

Germany edges closer to nationalisation of ailing gas importer Uniper

DUESSELDORF/FRANKFURT (Reuters) -Germany's Uniper said on Wednesday the government might take a controlling stake in the company as the ailing gas importer seeks further aid, paving the way for a what could result in a full nationalisation of the firm.

newspaper

14-09-2022

Germany's Uniper says government might take controlling stake

DUESSELDORF/FRANKFURT (Reuters) -Germany's Uniper said on Wednesday the government might take a controlling stake in the company as the ailing gas importer seeks further aid, sending its shares tumbling by a fifth.

newspaper

14-09-2022

Uniper says German government could take majority stake in company

Germany's Uniper said on Wednesday the government could take a controlling stake in the company as the utility seeks further aid, sending its shares tumbling 20%.

newspaper

14-09-2022

Seven companies bid for new casino licenses in Macau

HONG KONG (Reuters) -Seven companies have bid for new casino licenses in the world's biggest gaming hub, with new contracts set to start at the beginning of 2023, Macau's government said on Wednesday.

newspaper

14-09-2022

Uniper says utility, government weighing bailout options

Uniper said it was looking at alternatives with the German government for bailing out the utility, including a possible a straight stake increase, sending its shares more than 16% lower on Wednesday.

newspaper

14-09-2022