EXCLUSIVE U.S. investigators question Goodyear Malaysia workers over labour practices
U.S. government investigators have interviewed workers at Goodyear Tire & Rubber Co’s (GT.O) Malaysian factory about their working conditions, employees told Reuters, intensifying scrutiny of potential labour abuses by the tyre maker in the country.
Some Chinese banks told to issue more loans for property projects – sources
Some Chinese banks have been told by financial regulators to issue more loans to property firms for project development, two banking sources with direct knowledge of the situation told Reuters on Monday, in efforts to marginally ease liquidity strains across the industry.
Ericsson to buy cloud firm Vonage for $6.2 bln
Mobile telecoms equipment maker Ericsson (ERICb.ST) said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion.
EXCLUSIVE Abu Dhabi’s ADNOC weighs IPO of logistics and services unit next year- sources
State oil firm Abu Dhabi National Oil Company (ADNOC) is weighing an initial public offering (IPO) of its marine services, logistics and shipping arm next year, two sources familiar with the matter told Reuters.
KKR makes $12 billion approach to take Telecom Italia private
Telecom Italia (TIM) (TLIT.MI) has received a 10.8 billion euro ($12 billion) approach from U.S. fund KKR (KKR.N) aimed at taking Italy’s biggest phone group private, the company said on Sunday.
Oil and euro slip, markets on edge over COVID-19 curbs in Europe
Asian stocks made a soft start to the week on Monday while oil and the euro were under pressure, as the return of COVID-19 restrictions in Europe and talk about hastened tapering from the U.S. Federal Reserve put investors on guard.
MediaTek eyes premium Android phone market with new 5G chip
Chip designer MediaTek Inc (2454.TW) on Thursday released a new 5G smartphone chip that it hopes will be used in premium-priced Android smartphones, a market Qualcomm Inc (QCOM.O) currently dominates.
Alibaba slashes sales outlook as competition bites, demand slows
Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK), slashed its forecast for annual revenue growth on increased competition and a regulatory crackdown, sending its stock tumbling 11%.
Blackstone makes sweetened $6.2 bln play for Australia’s Crown
Investment giant Blackstone Group Inc (BX.N) made a $6.2 billion approach for troubled Australian casino firm Crown Resorts Ltd (CWN.AX), sweetening an earlier offer as its main rival bidder is beset by regulatory problems.
Asia sits out equities rally as Alibaba slides
Asian shares sat out a global rally on Friday as disappointing earnings from Chinese e-commerce giant Alibaba reinforced worry about slowing growth in the world’s second-largest economy, even as European and U.S. share futures indicated gains.
