Archive September 2016

Lanxess says no rival bidder likely to better its offer for Chemtura

Published 27/09/2016

German chemical maker Lanxess (LXSG.DE) said on Monday it was confident that no rival bidder would trump its $2.7 billion takeover offer for U.S. peer Chemtura (CHMT.N).

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Germany`s Lanxess to buy U.S. chemical firm Chemtura for $2.7 billion

Germany`s Lanxess to buy U.S. chemical firm Chemtura for $2.7 billion

Published 27/09/2016

A logo of Lanxess is seen next to dark clouds at Cologne Bonn airport March 27, 2015. REUTERS/Wolfgang Rattay

Lanxess AG (LXSG.DE) is to buy U.S. speciality chemical company Chemtura (CHMT.N) for 2.4 billion euros ($2.69 billion) including debt in the German company's largest ever takeover, moving it further away from its main synthetic rubber business.

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Takata`s search for a savior could drag into next year: sources

Takata`s search for a savior could drag into next year: sources

Published 27/09/2016

The logo of Takata Corp is seen on its display at a showroom for vehicles in Tokyo, Japan, May 11, 2016. REUTERS/Toru Hanai

The plan to sell beleaguered Takata Corp (7312.T) to a rescuer, slated by year-end, is likely to extend into next year as some bidders want to drag the air bag maker through bankruptcy to wipe out most of its debt, people with knowledge of the matter said.

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Oil market investment needed soon to balance market: Schlumberger CEO

Oil market investment needed soon to balance market: Schlumberger CEO

Published 27/09/2016

The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson

Investment in exploration and production will have to start increasing soon to help balance the global oil market, Schlumberger CEO Paal Kibsgaard told a conference in Dubai on Monday.

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ChemChina seeks EU okay for Syngenta deal, decision due October 28

ChemChina seeks EU okay for Syngenta deal, decision due October 28

Published 27/09/2016

A Syngenta logo is pictured in their office in Singapore, February 12, 2016. REUTERS/Edgar Su/File Photo

China National Chemical Corp (ChemChina) [CNNCC.UL] has sought antitrust approval for its $43 billion bid for Swiss pesticides and seeds group Syngenta (SYNN.S) from the European Union and a decision is expected by Oct. 28.

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No reason to speculate about state aid for Deutsche Bank: Merkel spokesman

No reason to speculate about state aid for Deutsche Bank: Merkel spokesman

Published 27/09/2016

The Deutsche Bank headquarters are seen in Frankfurt, Germany October 29, 2015. REUTERS/Kai Pfaffenbach/File Photo

There is no reason for speculation about possible German state aid for Deutsche Bank (DBKGn.DE), a spokesman for Angela Merkel said on Monday, commenting on a weekend magazine report that said the chancellor had ruled out assistance for the lender.

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Deutsche Bank says to solve problems without help from Berlin

Deutsche Bank says to solve problems without help from Berlin

Published 27/09/2016

The headquarters of Germany's Deutsche Bank is photographed early evening in Frankfurt, Germany, January 26, 2016. REUTERS/Kai Pfaffenbach/File Photo

Deutsche Bank (DBKGn.DE) will solve its problems without relying on help from Berlin, Germany's flagship lender said on Monday.

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Bank of America set to cut about two dozen Asia investment banking jobs: sources

Bank of America set to cut about two dozen Asia investment banking jobs: sources

Published 27/09/2016

Reflections are seen in the windows of a Bank of America branch in New York, U.S. on October 8, 2008. REUTERS/Lucas Jackson/File Photo

Bank of America (BAC.N) is set to cut about two dozen investment banking (IB) jobs in Asia, including some top dealmakers starting this week, according to people familiar with the matter.

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BOJ Kuroda: Closely watching yen rise impact on economy

BOJ Kuroda: Closely watching yen rise impact on economy

Published 27/09/2016

Illustrative picture shows Japanese 10,000 yen bank notes spread out at an office of World Currency Shop in Tokyo in this August 9, 2010 illustrative picture. REUTERS/Yuriko Nakao/File Photo

Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would closely watch how recent yen rises could affect the country's economy and prices.

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Yen gains after Kuroda sticks to negative rate script

Yen gains after Kuroda sticks to negative rate script

Published 27/09/2016

Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound, in this picture illustration taken January 25, 2011. REUTERS/Kacper Pempel/Illustration/File Photo

The yen was holding strong on Monday in the face of another volley of promises from the Bank of Japan to do everything necessary to get inflation back on the rise, including cutting interest rates further into negative territory.

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