[ad_1] FRANKFURT (Reuters) – German pharma group Merck KGaA launched a hostile $5.9 billion all-cash takeover offer for Versum Materials on Tuesday to boost its presence in the semiconductor materials market and sideline a rival
Wirecard shares soar after law firm clears head office of wrongdoing
[ad_1] FRANKFURT (Reuters) – Local staff at the Singapore office of Wirecard may have committed crimes but these were not material to the German payment company’s financial position, an investigation by an outside law firm
Airline Avianca Brasil to trim fleet size, destinations
[ad_1] SAO PAULO (Reuters) – Brazilian carrier Avianca Brasil will reduce its fleet size and cease operations at Rio de Janeiro’s international airport as it downsizes in the wake of a bankruptcy filing in December,
Fears of recession keep risk rebound in check
[ad_1] LONDON (Reuters) – Calm returned to global markets on Tuesday, with gains on European and Asian bourses and a tick higher in benchmark bond yields helping to soothe nerves after a jarring few days
With resilient Germany, euro zone recession risk low: ECB’s Makuch
[ad_1] BRATISLAVA (Reuters) – The risk of euro zone recession remains very low as Germany, the bloc’s biggest economy, is showing resilience and some recent indicators point to some improvement, European Central Bank policymaker Jozef
Gold dips as equities claw back, bond yields gain
[ad_1] (Reuters) – Gold fell on Tuesday, retreating from a near one-month peak hit in the previous session, as equity markets regained some ground following a sharp slide driven by fears of a global slowdown,
Oil rises further above $67 as OPEC cuts counter economic concern
[ad_1] LONDON (Reuters) – Oil rose further above $67 a barrel on Tuesday as OPEC supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to an economic slowdown. FILE PHOTO:
Ex-McKinsey chief Rajat Gupta says he was in solitary for weeks in U.S. jail
[ad_1] NEW DELHI (Reuters) – Rajat Gupta, one of the most prominent members of the global financial elite until he was convicted of insider trading in 2012, has revealed he was kept in solitary confinement
Uber buys rival Careem in $3.1 billion deal to dominate ride-hailing in Middle East
[ad_1] SAN FRANCISCO (Reuters) – Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering.
Trade tensions could cut Asia’s economic growth by 0.5 percent points – IMF
[ad_1] IMF Deputy Managing Director Zhang Tao attends the China Development Forum in Beijing, China, March 18, 2017. REUTERS/Thomas Peter/Files BEIJING (Reuters) – Trade tensions between the U.S. and China have caused huge amounts of