HSBC to Sell Brazil Business for $5.2 Billion
HSBC said it plans to sell its Brazil business to Banco Bradesco
in an all-cash deal worth $5.2 billion as it reported a fall in its
second-quarter net profit.
BMW, Daimler, Audi to Buy Nokia's Maps Business
Germany's biggest auto makers have clinched a deal to buy
Nokia's digital mapping business, beating out rival bidders for
some of the vital technology for self-driving cars in a €2.8
billion ($3.1 billion) acquisition.
Heineken Boosted by Emerging Markets
Heineken reported a rise in profit and revenue as the Dutch
brewer benefited from strong demand for its premium beers and from
robust sales in emerging markets.
Commerzbank Profit Up on Revenue, Taxes
Commerzbank's second-quarter net profit more than doubled as the
German bank increased revenue and paid less tax.
Allianz-Led Consortium to Buy Back Tank & Rast
A consortium headed by Allianz's infrastructure arm is set to
spend more than $3.84 billion to buy a highway service station
chain that it sold for about a third of that sum a decade ago,
people familiar with the matter said.
Shire to Buy Foresight Biotherapeutics
Shire has agreed to buy the privately held eye-drug company for
$300 million in a deal that would add a promising treatment for
pinkeye to a new line of business.
Chinese Firms Seek Multibillion-Dollar IPOs
Two Chinese financial firms are gearing up for
multibillion-dollar initial public offerings in Hong Kong, even as
China's stock markets saw one of their steepest selloffs last
month.
China Proposes to Keep Online Payments in Check
Draft rules for online payments issued by China's central bank
look set to hamper the growth of services offered by the likes of
Alibaba's financial affiliate and Tencent
Noble to Post Results Earlier
Commodities trader Noble Group sought to allay investor fears
about its financial health and said it would bring forward the date
of its second-quarter results after its share price plunged by as
much as 28% last week.
Li Ka-shing's Cheung Kong Property Plans to Sell Shanghai Project for $2.6 Billion
A property developer backed by Hong Kong billionaire Li Ka-shing
has put an office and retail property project in Shanghai up for
sale, according to two people familiar with the matter.
One of Citadel's China Accounts Suspended
U.S.-based hedge fund firm Citadel said trading in one of the
accounts it manages in China has been suspended, as regulators
there battle a steep slide in stock prices.
Verizon Contract Talks to Continue
Verizon missed its midnight deadline to secure a deal with more
than 37,000 union employees, but the unions said employees will
keep working.
'China's Airbnb' Raises $300 Million in Funding Round
Tujia.com raised $300 million in its latest funding round,
underscoring strong investor demand for Chinese startups despite
volatility in the country's domestic stock market.
Didi Kuaidi to Get Backing From China Investment Corp.
China's homegrown ride-hailing service, Didi Kuaidi, is getting
an influential backer in its battle against Uber: sovereign-wealth
fund China Investment Corp.