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Factbox-Inner workings of Keurig Dr Pepper’s $18 billion move for JDE Peet’s

(Reuters) -Keurig Dr Pepper on Monday announced it would buy Dutch company JDE Peet’s for 15.7 billion euros ($18.4 billion) in cash, in a bid to create a global coffee heavyweight. Here is what is known about the transaction: THE DEAL’S STRUCTURE: – In a first step, ...
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US stock futures dip as Powell-led momentum stalls

By Johann M Cherian and Sanchayaita Roy (Reuters) -U.S. stock index futures slipped on Monday, pausing after strong gains in the previous session, when Federal Reserve Chair Jerome Powell hinted that an interest-rate cut could be under consideration at the central bank’s meeting next ...
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Mercedes-Benz Pension Trust to sell its 3.8% stake in Nissan Motor

TOKYO/BERLIN (Reuters) -The pension trust of Mercedes-Benz will sell off its roughly $346 million shareholding, a 3.8% stake, in Nissan Motor, a spokesperson for the German carmaker said on Monday, adding to pressure on the Japanese automaker’s share price. Japan’s third-largest automaker has been hit ...
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Wall Street hires more senior bankers as growing confidence spurs deal rebound

By Tatiana Bautzer, Saeed Azhar and Isla Binnie NEW YORK (Reuters) -Wall Street banks have hired dozens of senior executives in recent months, as improved economic sentiment has spurred mergers and IPOs after a lull earlier in the year due to concerns over the effect ...
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Royalty Pharma to buy royalty interest in Amgen’s lung cancer drug for up to $950 million

(Reuters) -Royalty Pharma said on Monday it has signed a deal with BeOne Medicines to acquire a royalty interest in Amgen’s drug for small cell lung cancer for up to $950 million. The deal gives Royalty Pharma access to roughly 7% of global net sales ...
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P&G selling China-made luxury ‘bumbum’ brand diapers as market share falters

By Jessica DiNapoli NEW YORK (Reuters) -Procter & Gamble is selling luxury aloe-infused “bumbum” brand diapers made in China at retailer Target as its top-selling Pampers and Luvs brands lose ground to a growing number of imported rivals touting similar features. The move is unusual for ...
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Nervous Swiss ready Trump sweetened offer for tariff pain relief

By Dave Graham ZURICH (Reuters) -Switzerland soon hopes to finalise a new business offer for Washington to ease its tariff burden, which will likely include more defence spending and greater access for U.S. energy interests, two people familiar with the matter said. Switzerland was stunned when ...
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Porsche scraps battery production plans at Cellforce unit

BERLIN (Reuters) -German carmaker Porsche AG scrapped production plans at its high-performance battery unit Cellforce, saying it would focus on development because of slow demand for electric vehicles and changed conditions in China and the United States. Cellforce will be turned into an independent research ...
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From default to delisting of Evergrande, world’s most indebted developer

(Reuters) -China Evergrande Group was delisted from the Hong Kong stock exchange on Monday, in one of the largest removals by market value and volume in recent years. Once China’s top-selling developer, Evergrande’s financial crisis became public in 2021. Since then, the developer and ...
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US probes into more than 1.4 million Honda vehicles over engine failure

(Reuters) -The National Highway Traffic Safety Administration is opening a probe into more than 1.4 million Honda vehicles sold in the United States over concerns that connecting rod bearing failures in their engines could lead to complete engine failure. In a letter dated August 20, ...
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Thai exports beat forecast in July but growth to slow due to tariffs

BANGKOK (Reuters) -Thailand’s export growth slowed in July but beat forecasts as shipments accelerated ahead of U.S. tariffs, but growth is set to slow over the rest of the year after those tariffs took effect, the commerce ministry said on Monday. Customs-cleared exports rose 11% ...
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Asian shares track Wall Street’s rally after Powell hints at rate cuts

BANGKOK (AP) — Asian shares advanced on Monday, tracking Wall Street’s rally after the head of the Federal Reserve hinted that cuts to interest rates may be on the way. Fed chair Jerome Powell said Friday in a speech to an annual conference in ...
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