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Denmark's DSV floats roughly $4 billion bid for Switzerland's Panalpina

Denmark's DSV launched a bid to buy Swiss logistics company Panalpina for around 4 billion Swiss francs ($4.05 billion), according to Reuters calculations, after pressure from an activist investor for Panalpina to do a deal.
Tags: Money, businessNews, Switzerland, Denmark, Reuters, Panalpina


Exclusive: Facebook brings stricter ads rules to India ahead of general election

Facebook Inc told Reuters on Tuesday that it would extend some of its political advertising rules and tools for curbing election interference to India, Nigeria, Ukraine and the European Union before significant votes in the next few months.
Tags: Facebook, Money, India, European Union, businessNews, Reuters, Facebook Inc, India Nigeria Ukraine


Exclusive: Facebook brings stricter ads rules to countries with big 2019 votes

Facebook Inc told Reuters on Tuesday that it would extend some of its political advertising rules and tools for curbing election interference to India, Nigeria, Ukraine and the European Union before significant votes in the next few months.
Tags: Facebook, Money, European Union, businessNews, Reuters, Facebook Inc, India Nigeria Ukraine


Defendants Charged in Alleged Scheme to Hack SEC Filing System, Steal Financial Info

U.S. authorities have charged “a suspected Ukrainian computer hacker and several traders” with attempting to cash in on “market-moving corporate earnings news” stolen from Securities and Exchange Commission systems, Reuters reported on Tuesday.Read more...
Tags: Science, Technology, Finance, Cybersecurity, Hacking, Hackers, SEC, Securities And Exchange Commission, Reuters, Insider Trading, Edgar


Media companies are embracing voice assistants, but worry they're giving up too much control to Amazon and Google

Dear Readers, After a short hiatus, we're back! Welcome to the first edition of BI’s new Advertising and Media Insider newsletter. We’ve replaced our daily digest with a weekly version that publishes every Wednesday and will go deeper into the big stories we’ve been following. We’ll play around with the format, so let me know what you like/don’t like at [email protected] If you’re new to the newsletter, you can sign up here. Voice is primed take off You didn’t have to be at CES to kn...
Tags: Google, Amazon, Putin, US, Trends, Netflix, Ford, New York Times, Nbcuniversal, The Times, Audi, Hulu, Voice, Mustang, United Airlines, Rubrik


Apollo Global nears deal to buy Arconic for more than $10 billion: WSJ

Apollo Global Management LLC (APO.N) is nearing a deal to buy U.S. aluminum products maker Arconic Inc (ARNC.N) for more than $10 billion, the Wall Street Journal reported on Tuesday. The private equity firm would pay between $21 and $22 per share in a deal that would likely be announced this week, the report said, citing people familiar with the matter. The deal would represent a premium of 10 percent or more as the shares were recently trading just above $19, according to the report. Arconic s...
Tags: Trends, Wall Street Journal, Apollo, WSJ, Reuters, Apollo Global, PE Deals, Arconic, Arconic Inc, U S aluminum products, Arconic Elliott Management Corp


Fiat Chrysler looking at options to plug hole in its truck lineup - CEO

Fiat Chrysler Automobiles NV Chief Executive Mike Manley told Reuters on Tuesday he is open to partnerships to develop a new midsize pickup truck the automaker could sell in Latin America and other markets outside the United States to compete with models such as Ford Motor Co's Thailand-built Ranger.
Tags: Money, Thailand, businessNews, United States, Latin America, Fiat Chrysler, Reuters, Ford Motor Co, Fiat Chrysler Automobiles NV, Mike Manley


Airbnb says profitable for 2 straight years amid IPO talks

Airbnb's expected listing in 2019 would be among a string of public debuts by highly valued Silicon Valley companies.
Tags: Finance, Article, Silicon Valley, Airbnb, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/stocks, Fox-business/markets/wall-street, Fox-business/markets/ipos, A49ba083-e76a-5344-b43c-4c75ab19bd70


French logistics company Gefco hires banks to start IPO process: Reuters

Logistics company Gefco (IPO-GEFC.PA), which is controlled by Russian Railways (RZhD), has hired several leading investment banks to start the process for its possible stock market flotation, sources told Reuters. The banks in the process are Societe Generale, JP Morgan, Citigroup, UBS and Credit Suisse. A spokesman for Gefco declined to comment on the matter, while Russian Railways also declined comment. SocGen and JP Morgan had no immediate comment. One source told Reuters that bankers had alr...
Tags: France, Ipo, Trends, IPOs, Jp Morgan, Reuters, SocGen, Russian Railways, PSA Group, GEFCO, Gefco IPO GEFC, Societe Generale JP Morgan Citigroup UBS, Credit Suisse A


Japan’s SoftBank to lead $700 million funding in U.S. startup Katerra: The Information

Japan’s SoftBank Corp (9984.T) plans to lead another investment round in Katerra that would value the California-based construction company at more than $4 billion, the Information reported on Monday. The $700 million investment will be led by SoftBank’s Vision Fund and will pull Katerra’s total equity capital past $2 billion, the Information reported, citing people familiar with the matter. Katerra declined to comment on the matter, while SoftBank was not immediately available to comment. SoftB...
Tags: Japan, California, Softbank, Trends, Information, WeWork, Reuters, VC Deals, Vision Fund, Katerra, SoftBank Corp 9984 T


Exclusive: Sri Lanka says has $300 million loan offer from Bank of China, may increase to $1 billion

Sri Lanka is considering an offer from Bank of China for a loan of $300 million, which could be raised to $1 billion, to help it meet repayments in coming months, junior finance minister Eran Wickramaratne told Reuters on Tuesday.
Tags: Money, businessNews, Sri Lanka, Reuters, Bank of China, Eran Wickramaratne


US producer prices fell more than expected in December

PPI dropped 0.2 percent last month after edging up 0.1 percent in November.
Tags: Finance, US, Article, PPI, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/economic-indicators/us-economy, 160b2b7a-f542-5e0a-872a-9b6f5a40e432


The reclusive founder of Huawei broke years of silence after his daughter's arrest in Canada to say he misses her 'very much'

Huawei founder Ren Zhengfei has broken years of silence to deny charges that his company spies on behalf of China. Huawei is the second-biggest smartphone maker after Samsung and also provides core telecommunications kit to countries around the world. Ren's daughter is Huawei CFO Meng Wanzhou, who was arrested in Canada at the behest of US authorities in December. The press-shy founder said he missed his daughter and said justice would prevail. Huawei is under unprecedented scrutiny over Meng'...
Tags: China, US, Samsung, Trends, Bloomberg, Iran, Canada, Poland, Donald Trump, Huawei, Wall Street Journal, Financial Times, Shenzen, Reuters, Ren, Meng


UnitedHealth profit beats on strength in Optum, insurance units

Revenue from Optum, which includes a pharmacy benefits management business, grew 13 percent,
Tags: Finance, Article, Reuters, UnitedHealth, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/stocks, Fox-business/markets/earnings, Fox-business/health-care, Optum, A689571d-6ab0-5bcb-b384-050c6a367b72


Indonesian govt to collect data and charge tax on e-commerce players

Indonesia will now require e-commerce sellers to share data with authorities and pay VAT and income taxes, reports Reuters. Due to come into effect in April, the new rules passed by the finance ministry will require e-commerce platforms to give data on how much money each vendor has made while... ...
Tags: Travel, Mobile, Ecommerce, News, Internet, Indonesia, Policy, Regulation, Reuters, Lazada


Finance minister Arun Jaitley goes for 'medical check up' in U.S. - sources

Finance Minister Arun Jaitley has left for the United States for a "regular medical check up", following a kidney transplant last year, two people with direct knowledge of the matter told Reuters on Tuesday.
Tags: Money, Arun Jaitley, businessNews, United States, Reuters


Exclusive: Bank of China offers Sri Lanka $300 million loan, option to raise to $1 billion - source

Bank of China, the country's fourth-biggest lender by assets, has offered a loan of $300 million to Sri Lanka which can be raised to $1 billion, a source in Colombo with direct knowledge of the matter, told Reuters on Tuesday.
Tags: Money, China, businessNews, Sri Lanka, Reuters, Colombo, Bank of China




Norwegian authorities are investigating allegations that Tidal's streaming numbers for Beyonce and Kanye West albums were inflated

Tidal, the music streaming platform owned by Jay-Z, is being investigated by Norwegian authorities for allegedly manipulating and inflating streaming play counts, according to Reuters. Although the official investigation was just launched, the Norwegian newspaper Dagens Naeringsliv has been investigating Tidal's numbers, and reported on the issue last year. The newspaper claimed that Tidal had over-reported the play counts for Beyonce's "Lemonade" and Kanye West's "The Life of Pablo" by "se...
Tags: Beyonce, Microsoft, Jay Z, Trends, Kanye West, Chris Martin, Madonna, Coldplay, Norway, Tidal, Jay, Reuters, Engadget, Spotify Pandora YouTube, Norwegian University of Science and Technology, Dagens N


Tidal, Jay-Z's music streaming platform, is being investigated in Norway over allegations that it inflated streaming numbers for Beyonce and Kanye West albums

Tidal, the music streaming platform owned by Jay-Z, is being investigated by Norwegian authorities for allegedly manipulating and inflating streaming play counts, according to Reuters. Although the official investigation was just launched, the Norwegian newspaper Dagens Naeringsliv has been investigating Tidal's numbers, and reported on the issue last year. The newspaper claimed that Tidal had over-reported the play counts for Beyonce's "Lemonade" and Kanye West's "The Life of Pablo" by "se...
Tags: Beyonce, Microsoft, Jay Z, Trends, Kanye West, Chris Martin, Madonna, Coldplay, Norway, Tidal, Jay, Reuters, Engadget, Spotify Pandora YouTube, Norwegian University of Science and Technology, Dagens N


ProSieben e-commerce arm buys control of Aroundhome: Reuters

German media group ProSiebenSat.1 Media’s (PSMGn.DE) e-commerce arm NuCom is buying control of Aroundhome, an online broker for home services and products, in a deal valued at 140 million euros ($161 million). The investment represents a bet on taking the lead in the German-speaking region to help people searching for a company to put a solar panel on their roof, install a new kitchen or fix their central heating. “We see a huge market potential in Europe,” Aroundhome founder and CEO Robin Behla...
Tags: Europe, Germany, Trends, United States, Switzerland, M&a, General Atlantic, Reuters, Germany Austria, Max Conze, ANGI, AroundHome, ProSieben, Angi Home Services, Robin Behlau, Kaeuferportal


Oil slips on concerns about China showdown

Data out of China spurred fresh concerns about weakness in the global economy.
Tags: Finance, China, Article, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/oil, F918ece0-6c06-598a-b08e-8f0d99c4d6a7


Shell and PGGM aim to bid for Dutch energy company Eneco: Reuters

Royal Dutch Shell and Dutch pension fund manager PGGM on Monday said they are investigating a joint offer for Dutch energy company Eneco [ENECO.UL]. The 53 municipalities that currently own Eneco, estimated by analysts to be worth about 3 billion euros ($3.4 billion), in December said they will sell the company through an auction later this year.
Tags: Trends, Royal Dutch Shell, Shell, Reuters, PGGM, Eneco, PE Deals


Etihad to raise stake in cash-strapped Jet Airways: source

Etihad Airways, which owns 24 percent of debt-laden company Jet Airways, plans to increase its stake in the Indian airline, a source close to the Abu Dhabi carrier told Reuters on Monday.
Tags: Money, businessNews, Abu Dhabi, Etihad, Jet Airways, Reuters, Etihad Airways


Investcorp, Coller form $1 billion European private equity fund: Reuters

DUBAI (Reuters) – Bahrain-based alternative investment manager Investcorp INVB.BH said on Monday it was forming a $1 billion European private equity portfolio with Coller Capital. Investcorp, founded in 1982, is one of the oldest Middle Eastern private equity houses and is targeting $50 billion of assets under management over the medium term. London-based Coller Capital’s Coller International Partners VII will underwrite the new fund, in which Investcorp said it will retain “a meaningful general...
Tags: Europe, London, Trends, Dubai, Funds, Reuters, Investcorp, Reuters Bahrain, Banque Pâris Bertrand, Investcorp Coller, Investcorp INVB BH, Coller Capital Investcorp


General Atlantic names co-heads for financial services: Reuters

NEW YORK, Jan 10 (Reuters) – General Atlantic, a private equity firm that invests in growth companies, has promoted Aaron Goldman and Paul Stamas to co-head its investments in financial services, according to a memo seen by Reuters on Thursday. New York-based General Atlantic, which has $28 billion in assets under management and whose investments include Uber Technologies, AirBnB and Ant Financial, made the change last year. Goldman and Stamas were previously managing directors at the firm. Gold...
Tags: New York, Trends, People, Atlantic, Goldman, Adyen, General Atlantic, Reuters, Etrade, Aaron Goldman, Paul Stamas, Stamas, Reuters General Atlantic, Uber Technologies AirBnB, London Stamas, Jonathan Korngold




China's exports shrink most in 2 years, raising risks in global economy

Data on Monday also showed China posted its biggest trade surplus with the United States on record in 2018.
Tags: Finance, China, Article, United States, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/china, Fox-business/politics/trade-war, 9e06a511-84eb-5703-ac83-23756e260067


Bharti Airtel in talks to buy Telkom Kenya: sources

India's Bharti Airtel is in talks to buy Telkom Kenya, the East African nation's smallest telecoms operator, to create a stronger challenger to market leader Safaricom, three industry sources told Reuters on Monday.
Tags: Money, India, businessNews, Kenya, Reuters, Bharti Airtel, Safaricom, Telkom Kenya


China December crude oil imports at second highest, gas imports at record

China's crude oil imports in December surged nearly 30 percent from a year earlier to the second highest for a month on a daily basis, Reuters calculations of customs data showed on Monday.
Tags: Money, China, businessNews, Reuters



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