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Delivery Hero shares surge to 18-month high as Uber eyes takeover

FRANKFURT/MILAN, May 25 (Reuters) - Uber is weighing a raised takeover bid for rival Delivery Hero after its initial €33-per-share offer on Saturday was rebuffed, an FT report said, sending the German group's stock up as much as 12.7% to their highest since late ...
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India turns to Latin American, African oil after Hormuz disruption

By Nidhi Verma NEW DELHI, May 25 (Reuters) - Indian refiners turned to imports from Latin America and Africa after supplies from the Middle East were disrupted as the Israeli-U.S. war on Iran restricted shipping in the Strait of Hormuz, data provided by trade sources ...
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What we know and don’t know about the emerging deal to end the Iran war

CAIRO (AP) - A deal appears to be emerging between the United States and Iran to end the war and open the Strait of Hormuz, and U.S. President Donald Trump over the weekend said it had been "largely negotiated." It is not clear when or ...
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Jardine Matheson to buy Australia’s I-MED at $2.4 billion enterprise value in healthcare push 

By Rajasik Mukherjee and Yantoultra Ngui May 25 (Reuters) - Jardine Matheson said on Monday it has agreed to buy Australian medical imaging provider I-MED Radiology Network for a total enterprise value of A$3.4 billion ($2.4 billion), adding a major healthcare diagnostics business to the ...
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Morning Bid: Will they or won’t they?

A look at the day ahead in European and global markets from Ankur Banerjee The ever-inching prospect of a deal to end the Iran war and open the Strait of Hormuz paved the way for investors to put on their risk-on hat on Monday, sending ...
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Australia’s Guzman y Gomez sued in US over alleged failure to notify staff of closure

May 25 (Reuters) - A group of U.S. employees have sued Sydney-listed Guzman y Gomez in an Illinois court, alleging the Mexican-themed fast-food chain did not give prior notice to staff before closing all its Chicago restaurants, a court document showed on Monday. Guzman y ...
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Huawei’s ‘chip queen’ etches her name in China’s tech folklore

By Che Pan and Eduardo Baptista SHANGHAI/BEIJING, May 25 (Reuters) - When He Tingbo was put in charge of Huawei's chip development in 2003, the young engineer was handed an annual budget of $400 million and a mandate that would eventually put her at ...
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Southern California officials trying to prevent explosion or leak from damaged chemical tank

A damaged chemical tank in Southern California cracked over the weekend, which authorities were hopeful would relieve pressure and reduce the risk of an explosion. Some 50,000 residents in Garden Grove, a city of roughly 170,000 about 40 miles (60 kilometers) south of downtown ...
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Toshifumi Suzuki, the Japanese behind the ‘conbini’ empire, has died. He was 93.

TOKYO (AP) - Toshifumi Suzuki, the Japanese businessman credited with creating the 7-Eleven convenience-chain global retail empire, has died. He was 93. Suzuki, an honorary adviser at Seven & i Holdings, died on May 18 of heart failure at his Tokyo home, the company ...
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Jim Henson’s Creature Shop opens for tours. Here’s what’s inside the once-hidden puppet studio

NEW YORK (AP) - Deep in a cavernous New York City warehouse, the artisans behind some of the world's most beloved children's characters have been fashioning costumes and puppets for years in relative anonymity. Now Jim Henson's Creature Shop, the workshop founded by the ...
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Rubio’s visit to India focuses on US trade tensions, the Quad alliance and sightseeing

NEW DELHI (AP) - U.S. Secretary of State Marco Rubio's visit to India marks an effort by Washington and New Delhi to steady strained relations as the two countries seek to reinforce strategic and economic ties despite recent trade tensions. In meetings Sunday with Indian ...
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Dollar slumps as signs of deal to reopen Hormuz spur risk appetite

By Gregor Stuart Hunter SINGAPORE, May 25 (Reuters) - The dollar slipped at the start of Asian trading on Monday as hopes of a deal to reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the Trump administration played down ...
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