ChemChina clinches landmark $43 billion takeover of Syngenta ChemChina [CNCC.UL] has won more than enough support from Syngenta shareholders to clinch its $43 billion takeover of the Swiss pesticides and seeds group, the two companies said on Friday. The deal, announced in February 2016, was prompted by China's desire to […]
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Warren Buffett says he sold a third of stake in IBM CNBC Warren Buffett said he has sold about one-third of Berkshire Hathaway Inc's (BRKa.N) big stake in IBM Corp (IBM.N), CNBC reported on Thursday, reducing a bet by the famed investor that surprised many and which so far has […]
UBS breaks ranks with push for mid-tier Asian millionaires UBS Group AG (UBSG.S) plans to hire about 100 wealth management client advisors over the next two years in Hong Kong, the biggest wealth hub in Asia-Pacific, to grab a bigger share of the fast-growing mid-tier millionaire segment. The Swiss bank's […]
Wall Street elite find it hard to bank on Trump's breakup talk At an annual gathering of the world's most powerful thinkers and trendsetters in Beverly Hills this week, business leaders and major investors said they have gotten used to dismissing most things that President Donald Trump says or tweets. […]
Oil rises as OPEC cuts outweigh higher output elsewhere Oil prices rose on Tuesday as expectations that major OPEC exporters would extend output cuts into the second half of the year outweighed rising production in the United States, Canada and Libya. Benchmark Brent crude oil LCOc1 was up 30 cents […]
Asian factories get off to solid start in second quarter Factories across much of Asia got off to a solid start in the second quarter, buoyed by strong global demand, particularly for hi-tech gadgets which are leading a sizzling rally in electronics. Though China's manufacturing growth eased more than expected […]
Infosys plans to hire 10,000 U.S. workers after Trump targets outsourcing firms India-based IT services firm Infosys Ltd (INFY.NS) said it plans to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States, starting with a center this August in Indiana, the […]
China April manufacturing growth slows faster than expected Growth in China's manufacturing sector slowed faster than expected in April, an official survey showed on Sunday, as producer price inflation cooled and policymakers' efforts to reduce financial risks in the economy weighed on demand. The National Bureau of Statistics' official Purchasing […]
Wall Street slips on weak GDP data, but indexes rise in April Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash recent gains. Major indexes closed up […]
In first 100 days, a reversal of fortune for Trump favorites on Wall Street A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher. Meanwhile, stocks from sectors that […]
