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NEW YORK: The holiday blessing that Tiffany & Co shareholders gave to sell the storied jeweller to LVMH pushes the contentious transaction closer to the finish line, giving billionaire Bernard Arnault the long-sought pathway to expand his global collection of luxury brands.
MUMBAI: Mukesh Ambani spent much of 2020 convincing Facebook Inc., Google and a clutch of Wall Street heavyweights to buy into his vision for one of the world’s most ambitious corporate transformations.
BEIJING: China is expected to lead the global economic recovery next year, with major economic organisations and economists projecting a robust performance by China’s economy and foreign businesses remaining committed to the Chinese market.
SYDNEY: National Australia Bank (NAB) said it had agreed to sell its New Zealand life insurance business to Partners Life for NZ$290mil (US$206.1mil), as part of its strategy to increase capital and focus on core banking operations.
TOKYO: Japan’s economy will suffer a smaller contraction this year than initially forecast but won’t return to pre-coronavirus pandemic levels until at least early 2022, economists in a Reuters poll said.Japan needs years to return to pre-Covid levels
Proposed acquisition to be funded internally
KUALA LUMPUR: Fraser & Neave Holdings Bhd’s (F&N) wholly-owned subsidiary Awana Citra Sdn Bhd has proposed to acquire the entire equity interest in three companies under the Sri Nona group for RM60mil cash.
ZHEJIANG: Chinese central bank officials aim to enrich policy tools labeled “green financing” to spur economic recovery and leverage more financial resources for achieving carbon emission reduction goals.