BLOOMBERG Steinhoff International Holdings NV agreed to buy Fantastic Holdings Ltd. of Australia for A$361.4 million ($275 million) as the South African retailer seeks to expand its footprint in the southern hemisphere. The company offered A$3.50 a share in cash, a 43 percent premium to Thursday’s closing share price, Fantastic Holdings said in a statement on Friday. The deal ...

  Bloomberg It turns out Masayoshi Son isn’t ready to retire after all. Just a year ago, SoftBank Group Corp.’s founder looked poised to fulfill his long-stated plan of stepping aside in his 60’s. He had a global telecom empire, track record of spectacularly successful investments and a bright young successor. Instead, the 59-year-old edged aside his heir apparent, cut ...

  Bloomberg Portuguese Prime Minister Antonio Costa is beginning to scare some investors. Almost a year into the role, Costa has succeeded in rolling back some austerity measures without alienating Portugal’s euro-area partners and creditors. Now, as his Socialist government prepares to raise indirect taxes and levies on property in its 2017 budget to help pay for higher pensions and ...