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AN US$18bil merger between Indonesia’s transportation king Gojek and e-commerce giant PT Tokopedia would create the kind of champion South-East Asia’s largest nation deserves. The real synergies may be hidden below the surface, just like the landmines they face
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.
ROME: Italy is seizing on the torrent of stimulus in Europe to push its mountain of debt payments further into the future.
NEW YORK: Investors are gauging how far a rally in beaten-down energy shares could run, as an expected recovery for the coronavirus-hit economy clashes with skepticism about the long-term prospects of fossil fuels.
SINGAPORE: Grab Holdings Inc. and Gojek have made substantial progress in working out a deal to combine their businesses in what would be the biggest internet merger in Southeast Asia, according to people with knowledge of the talks.
FRANKFURT: Thyssenkrupp AG will cut almost twice as many jobs as planned as the conglomerate’s beleaguered steel business hemorrhages cash and Germany’s government bickers over a possible rescue.
NEW YORK: Oil prices fell over 3% on Tuesday to their lowest in two weeks on worries about the outlook for fuel demand as Europe and the United States grappled with a surge in new coronavirus infections.
MELBOURNE/SINGAPORE: Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new U.S. stimulus package.
NEW YORK: Oil prices rose 1% on Monday as global equities rallied on hopes for another U.S. stimulus package, but rising virus cases fed concerns about fuel demand and kept oil futures from moving higher.