Tokyo bourse overhaul spurs prime market push for Japanese firms
Tighter requirements to stay on the Tokyo bourse’s prestigious main board are forcing Japanese companies to cease long criticised practices such as cash-hoarding and cross shareholdings, even as some investors call for tougher reform.
Papua New Guinea-focused Oil Search rebuffs $6.5 bln Santos bid
Oil Search (OSH.AX) rejected an unsolicited takeover proposal from Santos Ltd (STO.AX) valuing the Papua New Guinea-focused oil and gas producer at A$8.8 billion ($6.5 billion), but both companies said on Tuesday they wanted to pursue further talks.
Japan goes nuclear in bid to stay cool during Summer Olympics
Japan has rebooted extra power plants, including a long-dormant nuclear reactor, and taken other steps to avoid a power crisis as temperatures soar and demand for cooling surges, especially in Tokyo, where the Olympics begin on Friday.
Wall Street ends sharply lower as Delta variant sparks new lockdown fears
A surge in Delta variant infections sparked a broad sell-off on Wall Street on Monday as investors feared renewed COVID-19 shutdowns and a protracted economic recovery.
Oil piles on losses following OPEC+ deal to boost supply, rising COVID cases
Oil slumped $5 a barrel on Monday, closing out its worst day since March, after an OPEC+ agreement to boost output stoked fears of a surplus just as rising COVID-19 infections once again threaten demand.
Australia’s Afterpay to launch banking app in October
Afterpay Ltd (APT.AX) will launch its banking app in October to widen its offerings beyond buy now, pay later (BNPL) services for its 3.5 million-plus Australian users as competition intensifies, the company said on Tuesday.
Bill Ackman rejigs Universal deal after regulators probe SPAC plan
Billionaire investor Bill Ackman will buy up to 10% of Vivendi’s (VIV.PA) Universal Music Group through his main hedge fund, rather than a special purpose acquisition company, after investors and regulators questioned his use of a SPAC.
Factbox: Jeff Bezos’ journey from suburban garage to edge of space
U.S. business mogul Jeff Bezos, founder of Amazon.com Inc (AMZN.O), is set to launch into space aboard his company Blue Origin’s New Shepard rocket on Tuesday, nine days after rival Richard Branson became the first billionaire astronaut.
Analysis: Beyond security crackdown, Beijing charts state-controlled data market
China’s sweeping regulatory action against internet giants such as ride-hailing firm Didi Global Inc, which has sent chills through the industry, is part of a broader national project to create a domestic marketplace for the country’s vast troves of big data.
Austrian activist Schrems’ Facebook complaint referred to EU court
BERLIN, July 20 (Reuters) – Austria’s Supreme Court has questioned the legal basis on which Facebook (FB.O) collects user data and referred key issues for a ruling by Europe’s top court, after awarding symbolic damages to activist Max Schrems in his privacy case against the company. In a 34-page ruling, the Austrian court accepted the request from […]
