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Evergrande founder sells 9% stake for $344 million amid debt crunch
HONG KONG (Reuters) - The chairman of China Evergrande Group Hui Ka Yan sold 1.2 billion shares in the company at an average price of HK$2.23 each on Thursday, Hong Kong Stock Exchange filings show. T...
Syndicated Content Nov 26, 2021
Roche shareholders approve deal to buy Novartis’s stake
ZURICH (Reuters) - Roche shareholders voted overwhelmingly on Friday to support the $20.7 billion deal to buy Novartis's nearly one third voting stake, the Swiss drugmaker said. Roche held an extraord...
Syndicated Content Nov 26, 2021
KKR offer prompts Telecom Italia board showdown over CEO’s future
By Elvira Pollina MILAN (Reuters) - Telecom Italia faces another boardroom showdown after Luigi Gubitosi told them he was ready to quit as chief executive if that helped speed their decision over KKR'...
Syndicated Content Nov 26, 2021
Fearing empty shelves, Black Friday ‘early birds’ head to U.S. stores
By Richa Naidu and Arriana McLymore CHICAGO (Reuters) - With many major U.S. retailers opening their doors to shoppers at 5 a.m. on Friday, early risers ventured out, hoping to find gifts to tuck unde...
Syndicated Content Nov 26, 2021
Shortages cast shadow over Britain’s Black Friday
By James Davey LONDON (Reuters) - Britain's retailers are hoping Black Friday discount day will get shoppers spending, though it takes place against a backdrop of shortages of both products and driver...
Syndicated Content Nov 26, 2021
Bitcoin slumps as coronavirus variant shakes markets
By Tom Wilson LONDON (Reuters) -Bitcoin tumbled almost 8% on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived ...
Syndicated Content Nov 26, 2021
China’s food delivery giant Meituan posts third-quarter loss
By Brenda Goh SHANGHAI (Reuters) -Chinese food delivery giant Meituan reported a fourth consecutive quarterly loss on Friday, as it plowed more investment into expanding its various businesses. Tencen...
Syndicated Content Nov 26, 2021
China central bank allows set-up of credit scoring venture backed by Ant, state firms
BEIJING (Reuters) - China's central bank said on Friday it had accepted the application to set up a personal credit-scoring joint venture backed by Alibaba's fintech affiliate Ant Group and other firm...
Syndicated Content Nov 26, 2021
Exclusive-Geely unit Lotus Tech aims to raise up to $500 million in funds – CFO
By Brenda Goh SHANGHAI (Reuters) - Lotus Technology, a new unit of China's Geely set up to develop the technology to power Lotus sports cars, is planning to raise $400 million to $500 million before t...
Syndicated Content Nov 26, 2021
Switzerland reports H5N1 bird flu at animal sanctuary, OIE says
PARIS (Reuters) - Switzerland has reported an outbreak of the highly pathogenic H5N1 bird flu virus among poultry at an animal sanctuary, the Paris-based World Organisation for Animal Health (OIE) sai...
Syndicated Content Nov 26, 2021
Peoria, IL, USA
67 °F Light Rain
