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Carlsberg chief talks deals, announcing M&A cash is ready to use

Carlsberg chief talks deals, announcing M&A cash is ready to use

Carlsberg CEO Cees ’t Hart plans to start looking for merger opportunities in countries in which Carlsberg is already present. (Bloomberg pic) COPENHAGEN: The chief executive officer of Carlsberg says he’s eager to do more acquisitions after the Danish beer maker missed out on the industry’s most recent wave of consolidation. CEO Cees ’t Hart […]

September 7, 2018 | By | Reply More
Rupiah turmoil puts Indonesia debt in spotlight as vote looms

Rupiah turmoil puts Indonesia debt in spotlight as vote looms

A man counts Indonesian rupiah banknotes in Jakarta. (Bloomberg pic) JAKARTA: What’s the safe level of public debt for Indonesia? That’s the debate raging in Indonesia as politicians ratchet up the tension ahead of campaigning for next year’s presidential election. The currency’s selloff to levels not seen since the 1997-98 Asian financial crisis is only […]

September 6, 2018 | By | Reply More
US, Canadian trade negotiators set for second day of talks

US, Canadian trade negotiators set for second day of talks

Commercial trucks exit the highway for the Bridge to Canada, in Detroit, Michigan U.S. August 30, 2018. (Reuter pic) WASHINGTON: Top US and Canadian trade negotiators were set for the second day of talks on Thursday over a revised North American Free Trade Agreement after their subordinates worked late into the night to flesh out […]

September 6, 2018 | By | Reply More
EU clears Apple plan to buy music app Shazam

EU clears Apple plan to buy music app Shazam

Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, U.S., August 1, 2018. (Reuters pic) BRUSSELS: The EU on Thursday approved US tech giant Apple’s plan to buy leading song-recognition app Shazam, saying the move would not reduce choice for music streaming consumers. The bloc launched […]

September 6, 2018 | By | Reply More
China’s Meituan Dianping confirms US$4.4 billion Hong Kong IPO plans

China’s Meituan Dianping confirms US$4.4 billion Hong Kong IPO plans

Meituan Dianping (Reuters pic) HONG KONG: China’s Meituan Dianping, an online food delivery-to-ticketing services platform, confirmed it had filed for an up to US$4.4 billion Hong Kong IPO and said it will focus on its domestic business instead of overseas expansion in the near future. This follows a Reuters report over the weekend, citing four […]

September 6, 2018 | By | Reply More
China food startup Miss Fresh raises US$450 million in new funding round

China food startup Miss Fresh raises US$450 million in new funding round

Tencent Holdings is one of Miss Fresh’s funders (Bloomberg pic) HONG KONG: Miss Fresh, an e-commerce startup that delivers fresh produce in 20 Chinese cities, has raised US$450 million from investors including Goldman Sachs and Tencent Holdings Ltd, the company’s financial adviser said on Thursday. China Renaissance, a boutique Chinese investment bank and adviser to […]

September 6, 2018 | By | Reply More
Asia coffee prices hit near 2-1/2-year low in Vietnam; trade thin in Indonesia

Asia coffee prices hit near 2-1/2-year low in Vietnam; trade thin in Indonesia

A worker holds up robusta coffee beans in a traditional coffee factory in Toraja, Indonesia’s South Sulawesi province, June 22, 2009. (Reuters pic) HANOI/BANDAR LAMPUNG: Coffee prices in Vietnam hit their lowest in nearly 2-1/2 years following global cues, while trading in Indonesia was thin at the end of its main harvest season, traders said […]

September 6, 2018 | By | Reply More
Walmart Canada to buy 30 more Tesla semi-trucks

Walmart Canada to buy 30 more Tesla semi-trucks

The logo of Walmart is pictured at a store in Monterrey, Mexico February 12, 2018. Picture taken February 12, 2018. (Reuters pic) MISSISSAUGA: Walmart Inc’s Canadian unit said on Thursday it would buy 30 more of Tesla Inc’s all-electric 18-wheeler semi-trucks as part of a plan to have 100% of its fleet use alternative power […]

September 6, 2018 | By | Reply More
Toyota says in talks with Geely on cooperation in hybrid vehicle tech

Toyota says in talks with Geely on cooperation in hybrid vehicle tech

The Toyota logo is shown at the Los Angeles Auto Show in Los Angeles, California, U.S., November 30, 2017. (Reuters pic) BEIJING: Toyota Motor Corp said on Thursday it is in talks with Chinese automaker Geely about cooperation in gasoline-electric hybrid vehicle technology, but nothing has been decided on the matter. The move comes as […]

September 6, 2018 | By | Reply More
Uber seals first Japan taxi deal in new pro-regulator approach

Uber seals first Japan taxi deal in new pro-regulator approach

A Fuji taxi vehicle with the Uber logo. (Bloomberg pic) TOKYO: Uber Technologies Inc has finally found a partner for its cab-hailing program in Japan, one of the world’s largest taxi markets. The San Francisco-based company struck a deal with the Fuji Taxi Group to let users hail cabs through its app in Nagoya, Japan’s […]

September 6, 2018 | By | Reply More