Buying into a Canadian mountain is a Chinese company with gold-plated political connections. And it is Grouse Mountain, whose ski slopes famously look down on Vancouver. The sale of the ski operation by the Canadian McLaughlin family does include 500… Read More ›
Day: July 19, 2017
$1.3 Billion Just Added To The Kitty Of One Of The Largest Telcos In Asia
Following the highly anticipated public listing of Netlink NBN Trust, which raised about 2.35 billion Singapore dollars ($1.72 billion), Southeast Asia’s largest telecommunications company may be on the hunt for acquisitions. The broadband arm of Singapore Telecommunications (Singtel), which said it took in… Read More ›
As Traders Eye A September ‘Taper’ Of Its Bond-Buying Program, ECB Expected To Hold Steady This Week
With many market watchers expecting the bank to announce in September plans to reduce its bond-buying program, the European Central Bank (ECB) is widely expected to hold interest rates steady. As a sign that the central bank could start “tapering” earlier than… Read More ›
CEO of Akzo Nobel quits after keeping PPG Industries’ takeover offer at bay
Ton Buechner and the company’s Chairman, Antony Burgmans faced a minor rebellion from shareholders for having rejected PPG’s takeover offer. Ton Buechner, the CEO of Azko Nobel, a Dutch paint manufacturer has stepped down from his role in the… Read More ›
Softbank, Greylock Partners, GM and others invest in Silicon Valley self-driving startup Nauto
Nauto has had the distinction of attracting big names from the auto industry in its funding rounds. Palo Alto-based Nauto, a Silicon Valley startup which develops software for self-driving vehicles, has disclosed it closed a $159 million series B funding… Read More ›
Discovery Communications & Scripps Networks Interactive in merger talks: Sources
Under pressure to divest, Scripps has held talks with Viacom. This is the third time it is holding merger talks with Discovery Communications. If the deal were to go through it would create a $19 billion cable network company. … Read More ›
New rule to protect businesses from Class Action lawsuits from consumers enters a critical period
The new rule limits the ability of consumers to sue financial companies. This should be read in the context of the Trump Administration trying to repeal the Dodd–Frank Wall Street Reform and Consumer Protection Act. A rule that was years in the making, intended… Read More ›