May, 2017

• 15 May

  ‘Vietnam-aligned hackers attack foreign firms’

  

  Bloomberg Cyber espionage attacks against foreign companies operating in Vietnam have been traced to a group of hackers “aligned with Vietnamese state interests,” according to a report from cyber-security provi-der FireEye. The attacks by the group — designated by FireEye as APT32 — have been conducted since at least 2014, mainly targeting companies operating in the manufacturing, consumer products and ...

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• 15 May

  UK to get Brexit clues as court rules on EU-Singapore pact

  

  Bloomberg UK Prime Minister Theresa May could get a taste of what’s in store for Britain when the European Union’s top court spells out how the EU should ratify a free trade pact with Singapore, the tiger economy some want post-Brexit Britain to emulate. Judges at the EU Court of Justice will say on May 16 whether the Singapore deal ...

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• 15 May

  Waymo teams up with Lyft to test autonomous cars

  

  Bloomberg Alphabet Inc. is working with Lyft Inc. on a plan to test autonomous cars on the road, escalating a fight with Uber Technologies Inc. by partnering with its main rival in the US. Waymo, an automotive business owned by Google’s parent company, is currently holding public trials on its own using Chrysler minivans equipped with its technology in Phoenix. ...

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• 15 May

  Aspen Pharmacare faces EU antitrust probe over pricing of cancer drugs

  

  Bloomberg Aspen Pharmacare Holdings Ltd. faces a European Union antitrust probe for ramping up the price of cancer drugs as the EU joins a global crackdown on the soaring cost of life-saving generic medicines. “When the price of a drug suddenly goes up by several hundred percent, this is something the commission may look at,” EU Competition Commissioner Margrethe Vestager ...

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• 15 May

  Thermo Fisher extends binge with $5.2 billion Patheon agreement

  Bloomberg Thermo Fisher Scientific Inc. agreed to buy Dutch drug-ingredients maker Patheon NV for $5.2 billion, extending the acquisition binge that helped turn it into one of the world’s biggest manufacturers of diagnostic and testing equipment. Thermo Fisher will pay $35 a share in cash, 35 percent above Patheon’s closing price, before Bloomberg News reported that the companies were in ...

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• 15 May

  RWE jumps to 10-month high as utility says targets on track

  

  Bloomberg RWE AG jumped to the highest since July after Germany’s biggest power producer said profit is on target and it plans to pay a dividend for the first time in three years. The Essen-based utility’s efforts to boost plant efficiency and the contribution of energy trading is helping compensate for weak power prices, Markus Krebber, chief financial officer at ...

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• 15 May

  AIG grants new CEO $12 million cash, 1.5 million stock options

  Bloomberg American International Group Inc. will give Brian Duperreault $12 million in cash, 1.5 million stock options and an annual pay package valued at $16 million to turn around the company as its seventh chief executive officer since 2005. AIG will also pay Duperreault’s previous employer, Hamilton Insurance Group, as much as $40 million over two years to waive their ...

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• 15 May

  Saudi stocks up with oil

  

  DUBAI / Reuters Middle Eastern stock markets were mixed on Monday with Saudi Arabia rising on the back of a rebound in oil prices and a continued slide by amusement park operator DXB Entertainments helping to drag down Dubai. The Saudi index climbed 0.6 percent. Top petrochemical producer Saudi Basic Industries, whose margins could benefit from higher oil prices, gained ...

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• 15 May

  Oil rally lifts stocks as dollar slips with bonds

  Bloomberg Crude rallied on the prospect a deal to cut global supply will be extended, leading a broader advance across commodities and spurring the currencies of major exporters. US stocks advanced, while the dollar retreated West Texas Intermediate jumped more than 3 percent after Saudi Arabia and Russia said they’d extend a production-cut deal longer than expected. The Australian and ...

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• 15 May

  Vodafone sells US$2.6 billion Safaricom stake to S African unit

  

  Bloomberg Vodafone Group Plc is simplifying its holdings in sub-Saharan Africa, selling a $2.6 billion stake in Kenya’s Safaricom Ltd. to its majority-owned Vodacom Group Ltd. The all-share deal will transfer a 35 percent stake in Safaricom to Vodacom in return for stock in the Johannesburg-based unit, raising the parent’s stake in its South African business to about 70 percent. ...

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