(Reuters) -U.S. arms maker Lockheed Martin Corp called off plans on Sunday to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion amid opposition from U.S. antitrust enforcers. The Federal Trade Commission sued to block https://reut.rs/3BkwpIX the deal in late-January on the grounds that it would allow Lockheed to use its control of…
By Anshuman Daga SINGAPORE (Reuters) – DBS Group flagged strong business momentum after its profit rose to a record last year, cementing a recovery for Southeast Asia’s largest lender as pandemic-hit economies rebound and boost loan growth and asset quality. Singapore lenders are also expected to be big beneficiaries of rising interest rates, while the…
By Tom Westbrook SINGAPORE (Reuters) – The dollar and safe-haven currencies held gains and riskier ones struggled for traction on Monday, with traders on edge about the prospect of war in Europe and unsettled by soaring inflation. The risk of war in Ukraine has seen the euro retreat to $1.1360 from last week’s top of…
By Florence Tan SINGAPORE (Reuters) – Oil prices rose on Monday, climbing towards their highest levels in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger sanctions from U.S. and Europe and disrupt energy exports from the world’s top producer. Brent crude futures was at $95.73 a barrel…
(Reuters) – U.S. arms maker Lockheed Martin Corp said on Sunday it terminated its plan to acquire rocket engine maker Aerojet Rocketdyne Holdings Inc for $4.4 billion. The move comes after the U.S. Federal Trade Commission, last month, voted unanimously to sue to block the deal over antitrust concerns. The merger, which was announced in…
By Shashwat Awasthi (Reuters) -Crown Resorts Ltd said on Monday it will back a A$8.87 billion ($6.3 billion) binding takeover offer from U.S. private equity firm Blackstone Inc, as the lengthy takeover saga for Australia’s largest casino operator nears its end. Shareholders of Crown, which has faced damaging misconduct inquiries in every state it operates…
(Reuters) -Australia’s largest casino operator Crown Resorts Ltd said on Monday it would back a A$8.87 billion ($6.3 billion) binding takeover offer from U.S. private equity firm Blackstone Inc. Shareholders of Crown, which has faced damaging misconduct inquiries in every state it operates in and has also been hammered by a COVID-19-led drop in visitors,…
By Nupur Anand, Aftab Ahmed and Sudarshan Varadhan NEW DELHI (Reuters) – State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia’s third-largest economy by a considerable margin. The offering is crucial…
(Deletes reference in Feb. 11 story to consumer vehicles in second paragraph) By David Randall NEW YORK (Reuters) -Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc in the quarter ended Dec. 31, securities filings showed Friday. The 19,835,761 shares, worth about $2 billion at the time, makes…
By Nupur Anand, Aftab Ahmed and Sudarshan Varadhan NEW DELHI (Reuters) -State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator for what could be the country’s largest initial public offering (IPO). India’s largest insurer will be selling 316.25 million shares, according to the draft prospectus dated Feb. 13. The…
