Bloomberg Steinhoff International Holdings NV said it won’t raise its offer for French electronics retailer Darty Plc, handing victory to GroupeFnac SA after a protracted auction. Steinhoff’s offer of 160 pence a share in cash is final and won’t be increased, the South African company said in a statement on Wednesday. Fnac raised its offer to 170 pence a ...

  Reuters Saudi Arabia’s Flynas will decide on whether to order Boeing 737MAXs or Airbus 320NEOs before the start of the holy month of Ramadan, the airline’s chief executive announced on Wednesday. Paul Byrne told reporters on the sidelines of an industry event in Dubai that it had decided against a potential order of Bombardier’s CS300 aircraft because the plane ...

  FRANKFURT / Reuters Sharp swings in foreign exchange rates could weigh on results at German insurer Talanx’s international retail business this year, the division it is counting on for near-term growth, according to board member Torsten Leue. “Foreign exchange swings in many emerging markets were stronger than expected over the last three to four years,” said Leue, who is ...