Philip Morris launches recommended $16 billion cash offer for Swedish Match

Marlboro-maker Philip Morris International Inc said on Wednesday it was making a recommended cash offer to buy Swedish tobacco and nicotine products maker Swedish Match for 106 Swedish crowns per share.

newspaper

11-05-2022

Does the cryptocurrency crash pose a threat to the financial system?

On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in the past month, according to data site CoinMarketCap, as investors fret about tightening monetary policy.

newspaper

11-05-2022

Asian shares edge up from near two-year lows as U.S. inflation data looms

Asian shares squeezed higher on Wednesday from close to two-year lows hit in the previous session while the dollar held steady, ahead of keenly awaited U.S. inflation data that will offer a guide to how aggressively the Federal Reserve will raise rates.

newspaper

11-05-2022

Vietnam's Vinfast IPO may be delayed to 2023 on market uncertainty

The chairman of Vietnam's Vingroup conglomerate said on Wednesday that an initial public offering (IPO) for the company's auto unit, VinFast, may be delayed until next year due to market uncertainty.

newspaper

11-05-2022

Vietnam's Vinfast IPO may be pushed back to 2023 on market uncertainty - executive

The chairman of Vietnam's Vingroup conglomerate said on Wednesday that an initial public offering (IPO) for the company's auto unit, VinFast, may be delayed until next year due to market uncertainty.

newspaper

11-05-2022

Asian shares inch up from near two-year lows ahead of U.S. inflation data

Asian shares edged higher on Wednesday from close to two-year lows hit in the previous session and the dollar held steady, ahead of keenly awaited U.S. inflation data that will offer a guide to how aggressively the U.S. Fed will raise rates.

newspaper

11-05-2022

Malaysia's economy likely picked up pace in Q1, China slowdown a worry: Reuters poll

Malaysia's economic growth likely gathered pace in the last quarter, driven by stronger demand following a relaxation of COVID-19 measures, but a prolonged slowdown in China could have significant knock-on effects, a Reuters poll found.

newspaper

11-05-2022

Ford sells shares in EV maker Rivian for $214 million

Ford Motor Co sold 8 million shares of electric carmaker Rivian Automotive Inc for $214 million, or $26.80 apiece, the U.S. automaker said in a filing on Tuesday.

newspaper

11-05-2022

UK to enter recession this year, think-tank NIESR forecasts

Britain is on course to enter a technical recession in the second half of this year and faces a big hit to living standards from surging prices, an economic think-tank said on Wednesday.

newspaper

10-05-2022