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Hong Kong exchange vows to press on with US$39b LSE bid after rebuff

LONDON, Sept 13 — The Hong Kong exchange refused to give up on its bid to take over the London Stock Exchange after the LSE emphatically rejected the Asian bourse’s US$39 billion takeover offer today. The Hong Kong exchange said it will now hold…


London Stock Exchange rejects Hong Kong takeover bid

LONDON, Sept 13 — London Stock Exchange has rejected Hong Kong Exchange’s US$39 billion takeover offer, opting to stick with its planned purchase of data and analytics group Refinitiv. The LSE said in a statement that it has fundamental concerns…


Euro zone bond yields at six-week highs day after ECB delivers stimulus

LONDON, Sept 13 — The euro zone’s long-dated bond yields rose to six-week highs today as hopes for progress on US-China trade talks reduced demand for safe-haven assets a day after the European Central Bank pledged indefinite stimulus to boost a…


'Oracle of oil' T. Boone Pickens dies at 91

NEW YORK, Sept 12 — T. Boone Pickens, a celebrated corporate raider and energy industry magnate who built an empire out of an initial US$2,500 (RM10,417) investment, died yesterday at age 91. The Oklahoma-born tycoon, known for his folksy speech…


London’s FTSE 100 gains on hopes of stimulus, trade resolution

LONDON, Sept 11 — UK blue-chips edged higher today, buoyed by hopes of monetary stimulus from central banks as economic growth slows because of a protracted US-China trade war, while signs of a thaw in the dispute provided some relief to…


WTO top court backs Japan in case against S.Korea duties

GENEVA, Sept 11 ― The World Trade Organization (WTO) Appellate Body yesterday broadly upheld an April 2018 panel ruling against South Korea's anti-dumping duties on imports of pneumatic valves from Japan. The Asian countries are embroiled in a…


Scourge of US tech Vestager promoted in new EU top team

BRUSSELS, Sept 10 — European competition chief Margrethe Vestager, whose tough line with US tech giants has enraged Washington, won a strengthened role in the incoming EU Commission today. Unveiling her top team, new European Commission president…


EU competition chief Vestager gains power in new Commission

BRUSSELS, Sept 10 — European competition chief Margrethe Vestager, whose tough line with US tech giants has enraged Washington, won a strengthened role in the incoming EU Commission today. Unveiling her top team, new European Commission president…


Trump bullish on China tariffs, but aide warns of long haul

WASHINGTON, Sept 7 — US President Donald Trump yesterday said the costs of his protracted trade war are falling squarely on China, but a top adviser warned that the struggle between the economic superpowers could drag on for years. Top-level…


Sources: Alitalia rescuers to ask for another delay

MILAN, Sept 6 — Companies hoping to rescue Italian carrier Alitalia will ask for a deadline for presenting their plan to be extended as they are still negotiating key aspects, two sources familiar with the matter said. Italian railway group…