Deutsche Bank's New Co-CEO Delays Strategy Update
Deutsche Bank's incoming co-Chief Executive John Cryan postponed
a detailed presentation of the giant German lender's new strategy
to the end of October.
Brookfield Eyes $6.8 Billion Takeover of Australia's Asciano
Australian port-and-rail operator Asciano received a $6.8
billion offer from Brookfield Infrastructure Partners L.P. that
would, if successful, be one of Asia's biggest takeover deals so
far this year.
Portugal's Novo Banco Received Three Binding Offers
Novo Banco, the Portuguese bank created out of failed lender
Banco EspĂrito Santo SA last year, has received three binding
offers that will be analyzed in the coming weeks.
Samsung Affiliates Clear Legal Hurdle for Merger
A South Korean court rejected a motion by a U.S. hedge fund to
block a planned $8 billion takeover deal at the Samsung
conglomerate that is widely viewed as part of a transfer of
management control at the nation's biggest business entity.
Alibaba Strikes Entertainment Deal in China
Alibaba, DMG Entertainment and Hunan Satellite Television are
striking a deal to expand subscription-based Internet, cable and
mobile entertainment to Chinese consumers.
Arrested Toyota Executive Resigns
Toyota Motor managing officer Julie Hamp, who was arrested last
month in Tokyo on suspicion of violating Japan's drug laws, has
resigned.
Xiaomi Gets New CFO
Shou Zi Chew joins Xiaomi as chief financial officer, another
senior executive at the Chinese phone maker with an international
background.
Airports Commission Backs Third Heathrow Runway
London Heathrow airport has won the backing of a
government-appointed panel for a third runway to address a looming
runway capacity shortage that has threatened to stifle Europe's
biggest market for trans-Atlantic flights.
Airbus: China To Buy 45 A330 Widebody Jets
Airbus Group SE Tuesday it has secured a deal with China for the
sale of up to 75 A330 widebody jets.
South Africa Raises Cash for Ailing State Utility
South Africa's government has sold its 14% stake in mobile
operator Vodacom, raising around $2 billion in cash to help
refinance the country's beleaguered state-owned power provider
Eskom.
BNP to Pay Investor Almost $17 Million
An arbitration panel ordered the U.S. securities unit of BNP
Paribas to pay an investor couple almost $17 million in
compensation for hedge-fund investment losses.