TOKYO, June 20 Reuters Nippon Steel39;s proposed acquisition of U.S. Steel risks raising decarbonisation costs for Japan39;s top steelmaker, an activist shareholder group said, urging the company to address the takeover39;s impact on its climate goals. Nippon Steel, the world39;s fourth biggest steelmaker, last year announced a 15 billion takeover offer for U.S. Steel, which backed the […]

HONG KONG, June 24 Reuters Shein has confidentially filed papers with Britain39;s markets regulator in early June for a potential London listing, two sources said, as the online fast fashion retailer moves ahead with what could one of the largest IPOs globally this year. The Chinesefounded company, which was valued at 66 billion in a […]

BEIJINGHONG KONG, June 24 Reuters UBS is selling a partial stake in one of its securities joint ventures to Beijing Stateowned Asset ManagementBSAM, a key step for the Swiss bank as it consolidates China operations after its merger with Credit Suisse. Its joint venture partner Founder Securities said in a filing on Monday that Founder will […]

June 24 Reuters Sonoco Products said on Monday it would buy European food cans maker Eviosys from private equity group KPS Capital Partners in a 3.9 billion deal, to expand its metal and aerosol packaging business. The U.S. packaging firm expects to achieve more than 100 million in synergies from the integration of Eviosys with Sonoco39;s […]

WASHINGTON, June 24 Reuters Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week39;s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said. The central bank on Wednesday will release the results of its annual bank stress tests which […]

ROME, June 24 Reuters Italian energy group Eni expects to complete the sale of a minority stake in its biofuel unit Enilive by the end of 2024, Chief Executive Claudio Descalzi said on Monday. The sale plan is in progress, there are still issues that are being discussed… our goal is to close by the end […]

June 24 Reuters Carlsberg said on Monday that PepsiCo has agreed to waive a clause in its bottling deal with Britvic, making the British firm a more attractive acquisition after a 3.9 billion bid by the Danish brewer was rejected. The move could pave the way for Carlsberg to raise its bid for soft drinks maker Britvic, […]

BEIJINGHONG KONG, June 24 Reuters Allianz Global Investors AGI, one of the investment arms of German insurer Allianz, has become the first foreign company to own a stake in China39;s pension insurance giant Guomin Pension. AGI was allowed to subscribe to newly issued shares representing 2 in the company, and the stake is worth 228 […]