March, 2018

• 14 March

  Nissan names new China head to fortify growth

  

  Bloomberg Nissan Motor Co. is doubling down on its push in China, naming one of its top executives to head operations in a market the carmaker expects to be its biggest growth driver over the next five years. Chief Performance Officer Jose Munoz, promoted to his current role more than a year ago, will take on added responsibility as head ...

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• 14 March

  Adidas sales pick up on China strength

  

  Bloomberg Adidas sent a message to investors who had feared a hard landing for the company’s growth story: There’s plenty of life left in those old sneakers. Revenue at the German company jumped 12 percent in the fourth quarter, led by China and North America. The rebound comes after a slowdown in the third quarter, which sparked concerns and weighed ...

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• 14 March

  Bubble-tea maker triples in Hong Kong stock market debut

  Bloomberg Just when you thought Hong Kong’s IPO market couldn’t get any frothier, a bubble tea maker just surged 298 percent in its debut. Shares of B & S International Holdings Ltd., known for a famous franchise called TenRen, staged the strongest mainboard debut in two years, closing at HK$3.98, after selling initial shares at HK$1. With orders for 2,601 ...

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• 14 March

  Prudential to split firm in two by spinning off Britain operations

  

  Bloomberg Prudential Plc soared on plans to split the firm by spinning off its UK operations, a move that will create an insurance business focussed on faster-growth markets in Asia, Africa and the US. Investors will receive shares in M&G Prudential, formed in 2017 through the combination of its UK asset-management business with European insurance assets. Both firms are likely ...

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• 14 March

  Benettons’ Atlantia gets deal with Spain’s Perez on Abertis

  

  Bloomberg The Benetton family’s Atlantia SpA reached a preliminary agreement with Real Madrid Chairman Florentino Perez’s ACS to jointly buy Abertis Infraestructuras SA, ending an eight-month battle for control of the Spanish toll-road operator. The accord was expected to be discussed at a board meeting on Wednesday, Rome-based Atlantia said in a statement, without giving any details. Shares in Abertis ...

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• 14 March

  EU sticks to tough Brexit line over treaty text

  

  Bloomberg The European Union failed to water down proposals for the Irish border that Theresa May said no prime minister could ever accept in the first revision of the draft Brexit treaty. Revising the first draft of the document published by the European Commission two weeks ago, diplomats from the 27 remaining EU countries retained the focus on keeping Northern ...

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• 14 March

  British physicist Stephen Hawking dies at 76

  

  Bloomberg Stephen Hawking, the British physicist and black-hole theorist who brought science to a mass audience with the best-selling book “A Brief History of Time,” has died. He was 76. Hawking died peacefully at his home in Cambridge in England on March 14, a spokesman for his family said. “We are deeply saddened that our beloved father passed away today,” ...

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• 14 March

  Labour row can deal a body blow to Denmark’s economy

  

  Bloomberg Denmark is edging closer to a public sector strike that has the potential of wiping out most of the country’s economic growth. Employers have already warned some 450,000 employees—more than half of the total—not to turn up for work on April 10 unless a protracted dispute over pay is resolved. Helge Pedersen, chief economist at Nordea, the Nordic’s largest ...

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• 14 March

  Broadcom drops Qualcomm bid after Trump block on security

  Bloomberg Broadcom Ltd formally abandoned its attempt to acquire rival chipmaker Qualcomm Inc. after US President Donald Trump blocked the deal citing national security risks. “Although we are disappointed with this outcome, Broadcom will comply,” the company said, bringing to an official end to a months-long battle to land the tech industry’s biggest ever deal. Singapore-based Broadcom said it will ...

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• 14 March

  Russia says US planning to strike Damascus, vows military response

  

  MOSCOW / Reuters Russia said it had information that the United States planned to bomb the government quarter in Damascus on an invented pretext, and said it would respond militarily if it felt Russian lives were threatened by such an attack. Valery Gerasimov, head of Russia’s General Staff, said Moscow had information that rebels in the enclave of eastern Ghouta ...

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