(Reuters) – Twitter Inc is set to agree to Elon Musk’s $43 billion takeover bid, his “best and final” offer for the social media company, people familiar with the matter said. Earlier in April, the social media company had adopted a “poison pill” to protect itself from Musk’s $54.20 per share offer, which followed days…
By Simon Jessop and Brenna Hughes Neghaiwi ZURICH (Reuters) – A group of Credit Suisse investors pushing for faster climate action at the Swiss bank has more than doubled in size, raising pressure on its board ahead of its annual shareholder meeting on Friday. Credit Suisse, along with other major banks, is under pressure from…
(Reuters) -Mondelez International Inc said on Monday it would buy breadmaker Grupo Bimbo’s confectionery business, Ricolino, for around $1.3 billion, as the Toblerone chocolate maker plans to expand in Mexico. Several U.S. packaged food makers have been making big acquisitions in recent months as they strive to keep sales levels elevated after seeing demand skyrocket…
(Reuters) -Mondelez International Inc said on Monday it would buy Grupo Bimbo’s confectionery business, Ricolino, for around $1.3 billion, as the Toblerone chocolate maker plans to expand in Mexico. The acquisition will double the size of Mondelez Mexico’s business and provides an attractive entry point into the chocolate category, the U.S. firm said. Ricolino brought…
By Alex Lawler LONDON (Reuters) -Oil slumped nearly 5% to its lowest in almost two weeks on Monday, extending last week’s decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases to U.S. interest rates would hurt global growth and oil demand. In Shanghai, authorities have erected fences outside residential buildings, sparking…
TOKYO (Reuters) -Shares of Nissan Motor Co Ltd slumped 5% on Monday, their biggest fall in more than a month, following a report that top shareholder Renault SA may consider lowering its stake in the Japanese automaker. Bloomberg reported on Friday that Renault may consider lowering its Nissan shareholding as part of plans to separate…
BERLIN (Reuters) -The German government is set to hike its inflation forecast for this year to 6.1% due to the impact of the war in Ukraine, up from 3.3% it had forecast in January, according to government document seen by Reuters on Monday. Berlin, which is due to present its spring economic forecasts on Wednesday,…
HONG KONG/BEIJING (Reuters) -China’s central bank met banks last week to discuss the disposal of non-performing assets by property developers, four sources with knowledge of the matter said, as regulators seek to shore up the real estate industry which has been knocked by defaults. A dozen of cash-strapped property firms, including China Evergrande Group and…
By Makiko Yamazaki and Yuki Nitta TOKYO (Reuters) – Mizuho Financial Group plans to beef up its U.S. operations for M&A advisory and equity underwriting, its chief executive said, as Japan’s No. 3 lender aims to grab a bigger share of the world’s largest investment banking fee pool. The latest U.S. drive comes after Mizuho…
By Sruthi Shankar and Anisha Sircar (Reuters) -The main European stock indexes fell more than 1% on Monday as worries about an economic slowdown in China and rapid U.S. interest rate hikes overshadowed relief from French President Emmanuel Macron’s election victory over the weekend. The continent-wide STOXX 600 index slumped 1.5% to its lowest since…
