Recent Posts

Bayer offers $62bn in cash to buy Monsanto

  Bloomberg Bayer AG made an unsolicited $62 billion all-cash offer to acquire Monsanto Co. and create the world’s biggest supplier of farm chemicals and genetically modified seeds, disclosing the terms of its bid amid investors’ growing concern that it might overpay. Bayer offered $122 per share in an all-cash bid in its May 10 written proposal, the Leverkusen-based company ...

Read More »

French services lead pickup in private sector growth

  BLOOMBERG Growth in France’s private-sector economy accelerated more than analysts anticipated in May, despite a continued contraction in manufacturing, as services expanded at the fastest rate in seven months. A Purchasing Managers Index for both industries rose to 51.1 from 50.2 in April, London-based Markit Economics said on Monday. That compares with a median forecast of 50.4 in a ...

Read More »

Brexit would cause yearlong recession, says UK Treasury

  Bloomberg The U.K. faces a yearlong recession if it leaves the European Union, according to a Treasury forecast issued as the government tries to persuade undecided voters that the risks of a so-called Brexit are too great. The Treasury’s assessment of the short-term impacts of a vote to quit the bloc, to be published Monday morning, offers two possibilities. ...

Read More »
Send this to a friend