(Reuters) – U.S. investor Sixth Street is among the firms preparing a bid for a part of the media and commercial rights to Germany’s football league, the Financial Times reported on Monday, citing people familiar with the matter. The sale of a minority stake in the Bundesliga rights could be valued up to 18 billion…
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Monday defended his decade-long stimulus programme, saying there was “no better way” to aim at sustainably achieving its 2% inflation target. “With our monetary easing steps, we sought to stimulate economic activity and tighten the labour market so that prices and wages would rise more,”…
By Krystal Hu, Anirban Sen and Jahnavi Nidumolu (Reuters) – Public Storage, the largest U.S. operator of self-storage properties, on Sunday unveiled an $11 billion hostile bid for Life Storage Inc, ratcheting up attempts to buy its smaller rival after its earlier takeover attempts were rebuffed. Under the proposed all-stock deal, Life Storage shareholders would…
SYDNEY (Reuters) – Australian retail sales volumes fell for the first time in a year last quarter as shoppers trimmed spending on goods, a sign higher borrowing costs are finally working to curb spending. Data from the Australian Bureau of Statistics on Monday showed real retail sales dipped 0.2% in the December quarter to A$96.9…
(Reuters) – Carlyle Group has hired Harvey Schwartz as its next chief executive officer, a person familiar with the matter told Reuters on Sunday. (Reporting by Chibuike Oguh and Lavanya Ahire in Bengaluru; editing by Diane Craft)
(Reuters) – Australia’s No. 1 gold miner Newcrest Mining Ltd on Monday said it received a non-binding all-stock takeover offer implying an equity value of $16.93 billion from U.S.-based gold miner Newmont Corporation. Under the indicative offer, Newcrest shareholders will receive 0.380 Newmont shares per every Newcrest share. “The Newcrest board, together with its financial…
LONDON (Reuters) – Renault’s board voted in favour on Sunday to reshape the French carmaker’s alliance with its Japanese partner Nissan, a source said. The agreement, which will retool the two-decade-old alliance, still needs backing from Nissan’s board before it is formally unveiled on Monday in London. (Reporting by Gilles Guillaume, editing by Leigh Thomas…
TOKYO (Reuters) -Japan’s government has sounded out Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya to succeed incumbent Haruhiko Kuroda as central bank governor, the Nikkei newspaper reported early on Monday, citing anonymous government and ruling party sources. The next BOJ chief will be tasked with putting the central bank on a path of normalising…
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) -U.S. stock bulls are taking heart from a range of market signals pointing to an upbeat year for Wall Street, as equities sit on impressive gains despite worries that the Federal Reserve’s monetary policy tightening may plunge the economy into a recession. Among these are…
TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc, said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off COVID disruptions in China. Revenue in January reached a record high, at T$660.4 billion ($22 billion), with operations returning to normal and shipments increasing…
