Reuters The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron39;s purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil39;s challenge to the 53 billion deal as its final hurdle. The proposed merger was first announced last October, and the FTC sent a second information request to Chevron two months later. Hess shares […]

HONG KONG, Sept 24 Reuters Shares of Miniso Group Holding plunged as much as 39.2 to HK20 2.57 on Tuesday after the company said it would take a stake in embattled Chinese supermarket operator Yonghui Superstores. The lifestyle products retailer39;s shares dived to the lowest since December 2022, on track for the biggest oneday percentage drop […]

SYDNEY, Sept 24 Reuters China39;s Meituan is aiming to raise up to 2 billion in a 3.5 and 5year dollar bond deal, according to two sources with direct knowledge of the matter and a term sheet seen by Reuters on Tuesday. The sources declined to be identified as the information has not been made public. Meituan, […]

TOKYO, Sept 24 Reuters Nippon Steel Vice Chairman Takahiro Mori said on Tuesday the Japanese company remains committed to talks with the United Steelworkers USW labour union over its bid to acquire U.S. Steel. Separately, Nippon Steel said it would sell its entire stake in South Korean steelmaker Posco Holdings, worth about 820 million based on […]

Sept 24 Reuters Dulux paint maker Akzo Nobel plans to cut about 2,000 jobs globally, more than 5 of its workforce, as part of its efforts to reduce costs, targeting positions in its head offices, the Dutch company said on Tuesday. We will be simplifying our structure, our processes, reducing cost of administrative functions, Akzo Nobel39;s […]