China’s Xiaomi plans $1.5 billion buyback to arrest stock tumble
Chinese smartphone maker Xiaomi Corp announced a HK$12 billion ($1.53 billion) share buyback plan on Tuesday, in a reversal of its cash-management strategy that is...
Roche, Spark again extend $4.3 billion takeover offer
Roche Holding and Spark Therapeutics announced on Tuesday another extension of the Swiss drugmaker’s $4.3 billion takeover offer for the U.S. gene therapy specialist as...
Swiss bank Pictet boosts assets under management, first half profit slips
Group assets under custody or management at Swiss private bank and asset manager Pictet rose nearly 10% in the first half versus the end of...
Papua New Guinea to investigate terms of UBS loan
Papua New Guinea will start preliminary hearings on Sept. 19 into the terms of a A$1.2 billion ($810.5 million) loan from Swiss bank UBS used...
Walmart’s Mexico unit springs into same-day delivery, taking on Amazon
Walmart Inc’s Mexico unit has begun offering delivery within three hours for certain home and tech products ordered online, it said on Monday, taking another...
World Bank tribunal lowers ConocoPhillips award for Venezuela expropriation: document
A World Bank arbitration panel lowered an initial $8.7 billion award to U.S. oil company ConocoPhillips as compensation for Venezuela’s 2007 expropriation of its assets...
Argentine peso, bonds whiplashed after capital controls imposed
Argentine bond prices fell to record lows on Monday and a jittery peso see-sawed between losses and gains after the country imposed capital controls on...
Hyundai workers OK smaller bonuses, no strike as Japan dispute weighs
Hyundai Motor Co’s unionized workers in South Korea voted on Monday to accept the lowest bonus offered in nearly two decades amid widespread restructuring in...
Saudi Arabia names head of PIF as Aramco chairman
Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom’s sovereign wealth fund, known as the PIF, as chairman of Aramco, replacing Energy Minister Khalid...
Exclusive: Telia offers concessions as EU probes Bonnier deal: EU document
Swedish telecoms operator Telia has offered concessions to allow rivals fair access to its TV channels to address EU antitrust concerns about its $957 million...