In February 1993, five years after taking over from his father at South Korea’s Samsung Group, 51-year-old Lee Kun-hee was frustrated that he wasn’t making his mark. He summoned a…
Category: Business
Exclusive: Ant may raise up to $17 billion in Shanghai IPO leg as investors submit bids, say sources
China’s Ant Group could raise up to $17.3 billion in the Shanghai leg of the likely $35 billion dual listing, the world’s largest ever, after some large investors submitted bids…
Lee Kun-hee, who made South Korea’s Samsung a global powerhouse, dies at 78
Lee Kun-hee, who built Samsung Electronics into a global powerhouse in smartphones, semiconductors and televisions, died on Sunday after spending more than six years in hospital following a heart attack,…
U.S. judge denies new government bid to remove China’s WeChat from U.S. app stores
A U.S. judge in San Francisco on Friday rejected a Justice Department request to reverse a decision that allowed Apple Inc and Alphabet Inc’s Google to continue to offer Chinese-owned…
U.S. may file antitrust charges against Facebook as soon as November: newspaper
Facebook Inc may face U.S. anti-trust charges as soon as November, the Washington Post reported on Friday, citing four people familiar with the matter. The Federal Trade Commission met privately…
Coca-Cola European Partners in talks to buy Coca-Cola Amatil – Bloomberg
Coca-Cola European Partners CCEPC.L is in advanced talks to acquire Australia's Coca-Cola Amatil CCL.AX, Bloomberg News reported on Saturday. Details of the deal, which has not yet been finalised, could…
AstraZeneca says its Oxford vaccine deal allows it to add up to 20% of manufacturing costs
AstraZeneca Plc said on Friday its coronavirus vaccine deal with Oxford University will allow it to add up to 20% of manufacturing costs to cover additional expenses required to be…