Japans Sony Terminates 10 bln Zee India Merger

NEW DELHIBENGALURU, Jan 22 Reuters Japan39;s Sony Group said on Monday it has sent a termination notice to Zee Entertainment to call off a 10 billion merger of their Indian operations, following an impasse over who will lead the combined entity. The deal, announced more than two years ago, was perceived as crucial for the survival of […]
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Macys Rejects Arkhouses 5.8B Bid, Citing Financing Concerns

Reuters Macy39;s said on Sunday it had rejected Arkhouse Management and partner Brigade Capital Management39;s 5.8 billion proposal to take the department store operator private, citing concerns over deal financing and valuation. Like other legacy department store operators, Macy39;s has struggled to compete against younger, online competitors or peers with smaller brickandmortar footprints. This has given […]
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S.Korea to Make Financial Markets more Attractive, Regulator

SEOUL, Jan 22 Reuters South Korea will take steps to make its financial markets more investor friendly and attractive to foreigners, the financial regulator said on Monday. The comments by vice chairman of the Financial Services Commission FSC, Kim Soyoung, came at a meeting with foreign financial firms in Seoul to discuss ways of helping […]
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Gold Prices Drop as RateCut Euphoria Fades

Spot gold fell 1 last week, biggest weekly decline in six Depth of cuts in 2024 seen at 132 bps vs 150 bps two weeks ago U.S. PMI data and GDP advance estimate due this week Jan 22 Reuters Gold prices fell on Monday as traders dialled back expectations for rapid interest rate cuts, while […]
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