Author Archives
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British Airways considers selling headquarters building following increased adoption of Work-From-Home
In a statement British Airways said, it is weighing options which includes a sale of its headquarters building, since the coronavirus-induced pandemic has created a switch to working from home, as a result of which British Airways feels it may… Read More ›
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Lumentum Holdings Inc raises takeover offer for Coherent to $6.9 billion
In a statement Coherent Inc said, Lumentum Holdings Inc has raised its offer for the company to $6.9 billion in a three-way takeover battle for the laser firm. Under the terms of the new bid, Coherent shareholders will receive $220… Read More ›
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SK Holdings and Zhejiang Geely Holding Group creates new mobility investment fund
On Thursday, South Korea’s SK Holdings Co Ltd said, along with China’s Zhejiang Geely Holding Group Co Ltd it will invest $30 million each into a new mobility investment fund, whose size will reach $300 million in total. The new… Read More ›
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Australia’s Westpack Banking Corp to sell its Lenders mortgage insurance business to Arch Capital Group
On Thursday, in a statement Australia’s Westpac Banking Corp said, it has decided to sell its lenders mortgage insurance (LMI) business to Arch Capital Group; the deal sees Arch Westpac becoming an exclusive LMI supplier for the next decade. The… Read More ›
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Japan seeing rise of shareholder activism
On Thursday, Toshiba Corp shareholders voted in favor of an independent investigation into allegations of investors being pressured ahead of last year’s annual general meeting. The development could potentially spur more shareholder activism. This is the fourth time a shareholder… Read More ›
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Chinese banking regulator finds $42.6 million stolen from housing sector loan funds
On Wednesday, in a report China’s Xinhua news agency reported, the country’s banking regulator found $42.6 million (277 million yuan) was stolen from funds which were supposed to serve the housing market in the southern state of Guangdong. The news… Read More ›
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China’s BYD positioning itself to tap growing EV battery market in Europe
Warren Buffett-backed Chinese electric vehicle (EV) maker BYD is hiring engineers for its first overseas battery plant in Europe, said the company in a statement on Wednesday. BYD is aiming to position itself as an EV parts supplier in Europe…. Read More ›
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Pfizer Inc sells Chinese biosimilar assets to XuXi Biologics Inc
On Wednesday, in a statement Pfizer Inc said, it has decided to stop producing biosimilar products in China; it has also decided to sell one of its business unit in the eastern city of Hangzhou to WuXi Biologics Inc. “The… Read More ›
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Baidu raises $3.08 billion from Hong Kong secondary listing
According to two sources with direct knowledge of the matter at hand, China’s Baidu Inc is set to raise $3.08 billion by pricing its shares at $HK252 each in its Hong Kong secondary listing. The New York listed Baidu is… Read More ›
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Chinese clamps down on Alibaba, orders divestiture of media assets
According to a report from the Wall Street Journal, the Chinese government has ordered Alibaba Group Holding Ltd to divest all of its media assets. Discussions over the matter have been ongoing since the beginning of this year, with sources… Read More ›
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