TOKYO (Reuters) – Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate’s shares surged on reports that more suitors were planning offers.FILE PHOTO: Toshiba Corp CEO
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Myanmar: Thailand braced for more refugees as thousands flee airstrikes in border region of Karen state
Thailand is bracing itself for an influx of refugees after Myanmar’s military launched further airstrikes in the border region of Karen state. The Karen Peace Support Network said there had been three strikes overnight into Monday in the Day Pu
Government officials advised ministers against applying key measures of its housing plan
The Government decided against following Treasury advice, which said the length of the bright-line test should be quadrupled to 20 years. Ministers also went ahead with their plan to lift the first-home grant cap, despite the fact that housing officials
Blackstone proposal values Australian casino operator Crown at $6.2 billion
SYDNEY (Reuters) – Buyout giant Blackstone Group Inc made a $5.6 billion play for the shares of Australia’s Crown Resorts Ltd it does not already own, weeks after the casino operator was deemed by authorities to be unfit to hold
Hot in the city: Townhouse next to Auckland motorway nudges $1m in first auction
A new year hasn’t taken the heat out of Auckland’s property market, with a three-bedroom townhouse next to a busy motorway selling for almost $1 million in the first Saturday auction of 2021. The 76sq m, two-level, modernised townhouse is
Credit Agricole's Italian takeover target Creval says will consider all options
FILE PHOTO: A Credit Agricole logo is seen outside a bank office in Vertou near Nantes, France, February 11, 2019. REUTERS/Stephane MaheMILAN (Reuters) – The board of Credito Valtellinese (Creval) said on Thursday it would seek to create value for
Kim Jong-un demands ‘boost’ to North Korea’s ‘nuclear war deterrence’
North Korean leader Kim Jong-un has called for a greater nuclear war deterrence and increased military power. The tubby tyrant, 37, said "we must do everything we can" to build it. He made the remarks at the end of a
Huntington buys TCF for $6 billion in U.S. regional bank merger wave
(Reuters) – Huntington Bancshares Inc has agreed to buy TCF Financial Corp for $6 billion in stock, marking the latest tie-up among U.S. regional lenders seeking scale. Columbus, Ohio-based Huntington will exchange 3.0028 of its shares for each TCF share,
Reddit to buy TikTok rival Dubsmash
FILE PHOTO: Reddit mascots are displayed at the company’s headquarters in San Francisco, California April 15, 2014. REUTERS/Robert Galbraith/File Photo(Reuters) – Social network firm Reddit said here on Sunday it would buy short-video platform Dubsmash, becoming the latest company to
AstraZeneca to buy Alexion for $39 billion to expand in immunology
FRANKFURT (Reuters) -Britain’s AstraZeneca has agreed to buy U.S. drugmaker Alexion Pharmaceuticals for $39 billion in its largest- ever deal to bolster its positions in immunology and rare diseases.Vials of AstraZeneca’s COVISHIELD, coronavirus disease (COVID-19) vaccine are seen inside a