Aon, Willis halt $30 bln merger over monopoly concerns, delay
Aon Plc (AON.N) and Willis Towers Watson Plc on Monday called off a $30 billion merger that would have created the world’s largest insurance broker, saying U.S. regulators’ objections created unacceptable delay and uncertainty.
China’s industrial profit growth slows in June on high raw material prices
Profit growth at China’s industrial firms slowed for the fourth straight month in June, as high raw material prices weighed on factories’ margins, pointing to some weakness in the recovery of the world’s second-biggest economy.
LVMH shares edge higher as sales and profits rise
LVMH’s (LVMH.PA) shares eged higher on Tuesday after the world’s biggest luxury goods group posted higher sales and profits, driven by surging sales of fashion lines and handbags by Dior, Fendi and Louis Vuitton.
Asia equities tick up, as investors look to the U.S.
Asian equity markets rose cautiously Tuesday, after touching year to date lows the day before, with traders keeping at least half an eye on the United States where major companies report earnings and the Federal Reservemeets on policy this week.
Nestle and Starbucks extend partnership to ready-to-drink coffee
Food giant Nestle (NESN.S) and U.S. coffee chain Starbucks (SBUX.O) are extending their partnership to launch ready-to-drink coffee beverages in markets across Southeast Asia, Oceania and Latin America, the two partners said.
Amazon eyes potential stake in Indian film, media businesses; Inox denies report
Amazon.com Inc’s (AMZN.O) India arm is in talks with several domestic players in film and media distribution including cinema chain Inox Leisure Ltd (INOL.NS) for a potential stake, the Indian Express newspaper reported on Tuesday, citing sources.
EXCLUSIVE BHP delivers final offer to workers at Chile’s Escondida copper mine -memo
Labor contract negotiation at Chile’s Escondida mine, the world’s largest copper deposit, entered into a critical phase on Monday with the delivery of a final offer by operator BHP (BHP.AX), according to an internal memo sent by the company to workers and seen by Reuters.
Chinese tutoring firms could spin-off units, boost non-academic tutoring – analysts
Battered by a regulatory crackdown, China’s multi-billion dollar private tutoring sector could seek to separate its business segments and bulk up non-academic tutoring as it tries to soften the blow on its operations, analysts said on Monday.
China jitters pull Asian stocks to seven-month low
Asia’s stock markets fell to fresh troughs on Tuesday led by a third straight session of heavy selling in Chinese internet giants, while bond and currency markets traded on edge ahead of the Federal Reserve policy meeting.
Amazon denies report of accepting bitcoin as payment
Amazon.com Inc (AMZN.O) on Monday denied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year.
