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LONDON: EssilorLuxottica SA agreed to buy GrandVision NV in a deal that values the smaller Dutch eyecare retailer at 7.1 billion euros ($7.9 billion) and brings the Ray-Ban sunglass brand and Vision Express prescription centers under the same roof.
KUALA LUMPUR: Grand-Flo Bhd, which received a takeover, fell almost 2% in early trade on Wednesday.
ONCE you get into your 50s and 60s, life is all about attending marriages and funerals. Similarly, in businesses, you would see more breakups in partnerships but life would go on for those still alive. Just like marriages, some partnerships do tend to break down due to so many varied reasons.
KUALA LUMPUR: Gamuda Land and Maxis have formed a strategic partnership to appoint Maxis as the preferred connectivity and solutions provider to create Malaysia’s first Maxis-delivered 5G township for Gamuda Cove.
KUALA LUMPUR: The second phase of the Klang Valley Double Track (KVDT) will resume with a lower price tag, according to Transport minister Anthony Loke.
FRANKFURT: Deutsche Bank AG chief executive officer Christian Sewing (pic) is putting the final touches on a sweeping turnaround plan that may reshape Germany’s biggest bank for years to come. After his first effort fell short and merger talks with Commerzbank AG went nowhere, the CEO is seeking to radically shrink and reshape Deutsche Bank’s business across the globe.
KUALA LUMPUR: Straits Inter Logistics has entered into a provision of bunkering services agreement with Bintulu Port Sdn Bhd (BPSB) for a contract period of three years, with the option to renew for not more than two years to be mutually agreed upon.
FRANKFURT: Government spending must play a greater role in bolstering the eurozone economy in coming years, even if that means bigger budget deficits, according to Olivier Blanchard (pic), the former International Monetary Fund chief economist.