(Reuters) -Canadian equipment marketplace Ritchie Bros Auctioneers Inc said on Monday it would buy IAA Inc in a cash-and-stock deal valued at about $7.3 billion including debt. The purchase price of $46.88 per share represents a premium of about 19% to the closing share price of IAA common stock on Nov. 4. Under the terms…
BEIJING (AP) — China lashed out Monday over a visit to Taiwan by British Trade Policy Minister Greg Hands, the latest foreign official to defy Beijing’s warnings over contacts with the self-governing island republic. China claims Taiwan as its own territory and threatens to annex it by force. It also seeks to isolate it diplomatically,…
(Reuters) -Runaway inflation, an unfolding debt crisis and cost-of-living problems pose the biggest threats to doing business for G20 countries in the next two years, data from the World Economic Forum showed on Monday. Inflation has surged to levels not seen in several decades, prompting a third of G20 countries to identify rising prices as…
JOHANNESBURG (Reuters) -The board of South Africa’s Gold Fields will not change the terms of its offer for Yamana Gold after a surprise rival bid from Agnico Eagle and Pan American, it said on Monday. Gold Fields’ decision reflects “commitment to capital discipline” and the “fairness” of its offer for shareholders in both Gold Fields…
(Reuters) -Marlboro maker Philip Morris International (PMI) said on Monday it was going ahead with its $16 billion plan to buy Swedish Match despite winning accept from owners with no more than 82.59% of shares in the Swedish peer. By Swedish law a bidder can only initiate a compulsory redemption of remaining shares if voluntary…
BANGKOK (Reuters) – Thailand’s headline consumer price index (CPI) rose 5.98% in October from a year earlier, official data showed on Monday, slightly lower than forecast and the slowest pace in six months. The rise follows September’s 6.41% increase and was just shy of the 6.0% forecast in a Reuters poll. It was the lowest…
(Reuters) -Twitter Inc’s new CEO Elon Musk said on Sunday the social media platform’s mission was to become the most accurate source of information about the world, sparking debate about how it would achieve that and who determines what is accurate. A flurry of drastic measures including sacking half the staff and charging users that…
BEIJING (AP) — China’s trade shrank in October as global demand weakened and anti-virus controls weighed on domestic consumer spending. Exports declined 0.3% from a year earlier to $298.4 billion, down from September’s 5.7% growth, the customs agency reported Monday. Imports fell 0.7% to $213.4 billion, compared with the previous month’s 0.3% expansion. China’s global…
TOKYO (AP) — Asian stocks were mixed Tuesday ahead of the U.S. midterm elections with trading likely to stay bumpy in a week that brings new inflation data and other events that could shake markets. Tokyo’s Nikkei 225 gained 1.4% to 27,914.21 on strong earnings reports. The Kospi in Seoul advanced 1.1% to 2,398.02 and…
BEIJING (AP) — Apple Inc. is warning customers they’ll have to wait longer to get its latest iPhone models after anti-virus restrictions were imposed on a contractor’s factory in central China. The company announcement Sunday gave no details but said the factory operated by Foxconn in the central city of Zhengzhou is “operating at significantly…
