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KKR, TPG and Warburg Pincus to bid for Hong Kong-based Acclime in over $900mln deal, sources say

By Kane Wu and Yantoultra Ngui HONG KONG (Reuters) -Acclime, a Hong Kong-based advisory and corporate services firm, has selected a handful of bidders to submit binding offers for the company, in a deal that could value the firm at more than $900 million, three ...
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Novo Nordisk shares rise after dropping Metsera bid

COPENHAGEN (Reuters) -Shares in Novo Nordisk rose in early trade on Monday, after the Wegovy-maker on Saturday dropped its bid for U.S. weight loss drug company Metsera, ending a bidding war with rival Pfizer. Novo's shares traded 2.9% higher at 0801 GMT. U.S. drugmaker Pfizer ...
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BOJ should avoid December rate hike, says Takaichi’s economic adviser

TOKYO (Reuters) -The Bank of Japan should avoid raising interest rates in December and wait at least until January next year to support a fragile economy, Takuji Aida, an economist chosen to join a key government panel, told the Nikkei newspaper. The government should cushion ...
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China suspends sanctions on US-linked units of S.Korea’s Hanwha Ocean

BEIJING (Reuters) -China has suspended sanctions on U.S.-linked subsidiaries of South Korea's Hanwha Ocean Co Ltd for a year, its commerce ministry said on Monday. The suspension of sanctions imposed on October 14 takes effect immediately, the ministry statement said. (Reporting by Liz ...
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Morning Bid: Markets rejoice potential end to US government shutdown

A look at the day ahead in European and global markets from Rae Wee Global markets are set to begin the week with an oomph as investors cheer the prospect of an imminent end to a historic U.S. government shutdown that has upended everything from ...
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Tesla’s Cybertruck chief Siddhant Awasthi departs after eight years

(Reuters) -Tesla's head of the Cybertruck program, Siddhant Awasthi, said late on Sunday that he is leaving the U.S. electric vehicle maker after more than eight years with the company. Awasthi, who began his Tesla journey as an intern, most recently oversaw the Cybertruck program ...
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Asian shares advance as tech shares rebound from AI jitters

BANGKOK (AP) - Asian shares advanced on Monday, lifted by technology shares as they rebounded from last week's jitters over the run up in stocks related to artificial intelligence. South Korea's Kospi led the gains, jumping 3.5%. Computer chip maker SK Hynix, which is ...
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Mexican art historians weigh in on upcoming Kahlo’s auction that could fetch up to $60 million

MEXICO CITY (AP) - Frida Kahlo's "El sueño (La cama)" - in English, "The Dream (The Bed)" - is causing a stir among art historians as its estimated $40 million to $60 million price tag would make it the most expensive work by any ...
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Markets cheer signs of progress to end US government shutdown

(Reuters) -The U.S. Senate on Sunday moved forward on a measure aimed at reopening the federal government, with a procedural vote clearing the way for lawmakers to amend a bill that can fund the government until January 30. Financial markets welcomed progress that raises the ...
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China suspends port fees on US-linked ships for a year

BEIJING (Reuters) -China will suspend port fees levied on U.S.-linked vessels for a year, its transport ministry said on Monday. The suspension will kick in from 13:01 local time (0501 GMT), the ministry said in a statement.(Reporting by Liz Lee and Ethan Wang; Editing ...
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European business braces for greater impact from US tariffs in 2026

BRUSSELS(Reuters) -European business sees a far greater impact in 2026 from U.S. tariffs and other trade tensions than in 2025, when front-loading mitigated the consequences, a survey by BusinessEurope showed on Monday. The survey found that trade tensions were likely to pull 2025 gross domestic ...
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China creates a new visa, competing with the US in wooing global tech talent

HONG KONG (AP) - Vaishnavi Srinivasagopalan, a skilled Indian IT professional who has worked in both India and the U.S., has been looking for work in China. Beijing's new K-visa program targeting science and technology workers could turn that dream into a reality. The ...
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