Business

Australia’s Perpetual snubs $1.69 billion takeover offer from EQT over valuation

Wednesday, July 1 by SRN News

July 1 (Reuters) - Australia's Perpetual said on Wednesday it had rejected a non-binding takeover proposal from Swedish private equity firm EQT AB that values the financial services provider at A$2.45 billion ($1.69 billion). As part of the proposal, EQT offered to buy all the... Read More.

Ship runs aground in Strait of Hormuz, Iranian state TV reports

Wednesday, July 1 by SRN News

DUBAI, United Arab Emirates (AP) - A ship ran aground in the Strait of Hormuz after not running Iran's approved route through the water, Iranian state television reported Wednesday. The report identified the affected vessel as a foreign container ship, but offered no other... Read More.

US, Canada, Mexico begin bumpy negotiations to renew North American trade pact

Wednesday, July 1 by SRN News

WASHINGTON (AP) - Tourists from Chattanooga check into beach resorts in Cancun. Canadian auto parts feed factories in the American Midwest - and vice versa. Happy Hour revelers raise glasses of Mexican tequila and mezcal at bars in Seattle. It adds up. The United States... Read More.

US, Canada, Mexico begin bumpy negotiations to renew North American trade pact

Wednesday, July 1 by SRN News

WASHINGTON (AP) - Tourists from Chattanooga check into beach resorts in Cancun. Canadian auto parts feed factories in the American Midwest - and vice versa. Happy Hour revelers raise glasses of Mexican tequila and mezcal at bars in Seattle. It adds up. The United States... Read More.

Westpac director Nash leaves board over ties to KPMG

Wednesday, July 1 by SRN News

By Scott Murdoch SYDNEY, July 1 (Reuters) - Australian bank Westpac said on Wednesday that non-executive director Peter Nash would leave its board, citing his relationship with troubled auditor KPMG. KPMG is embroiled in a scandal over whistleblower allegations it shared confidential company information with prospective... Read More.

Survey shows Japan’s business sentiment improving for a 5th straight quarter

Wednesday, July 1 by SRN News

TOKYO (AP) - Business sentiment among major Japanese manufacturers has improved for a fifth straight quarter, the Bank of Japan said in its quarterly "tankan" survey released Wednesday. The survey's so-called diffusion index rose to 22 from 17 in the previous quarter, the BOJ said.... Read More.

Volkswagen cuts are ‘wake-up call’ for European industry, BYD advisor says

Wednesday, July 1 by SRN News

BERLIN, July 1 (Reuters) - Volkswagen's reported plans to drastically ramp up cuts are a "wake-up call" for the European automotive industry as Chinese carmakers target a higher market share, BYD's special advisor for the region said on Wednesday. "It's the first real wake-up call... Read More.

Xi touts Chinese wisdom and solutions as a model for developing nations

Wednesday, July 1 by SRN News

BEIJING (AP) - China's leader held up his country's rapid industrialization as a new pathway for developing nations in a speech Wednesday that projected a growing confidence both at home and on the world stage. Xi Jinping, now in his 14th year in power, noted... Read More.

CMA CGM nears $1.4 billion deal for FedEx logistics unit, FT reports

Wednesday, July 1 by SRN News

July 1 (Reuters) - French container shipping group CMA CGM is nearing a deal to buy FedEx's third-party logistics business for $1.4 billion in cash, the Financial Times reported on Wednesday, citing people familiar with the matter. Talks between the companies are at an... Read More.

Morning Bid: That’s a lot of meat to digest

Wednesday, July 1 by SRN News

July 1 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's been a hesitant start to the new quarter in Asia, partly as the market digests the meaty gains made last quarter and partly as the U.S.-Iran... Read More.

Current Weather

Australia’s Perpetual snubs $1.69 billion takeover offer from EQT over valuation

Ship runs aground in Strait of Hormuz, Iranian state TV reports

US, Canada, Mexico begin bumpy negotiations to renew North American trade pact

US, Canada, Mexico begin bumpy negotiations to renew North American trade pact

Westpac director Nash leaves board over ties to KPMG

Survey shows Japan’s business sentiment improving for a 5th straight quarter

Volkswagen cuts are ‘wake-up call’ for European industry, BYD advisor says

Xi touts Chinese wisdom and solutions as a model for developing nations

CMA CGM nears $1.4 billion deal for FedEx logistics unit, FT reports

Morning Bid: That’s a lot of meat to digest

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