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17 Jan

Dove soap maker Unilever signals pursuit of GSK consumer arm; shares fall

(Reuters) -Unilever signalled on Monday it would pursue a deal for GSK's consumer healthcare arm, calling it a "strong strategic fit", but its shares fell more than 8%, highlighting investors' doubts about its 50-billion-pound ($68.4 billion) offer.

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17 Jan

Gulf Energy, Binance announce Thailand crypto partnership

Binance, one of the world's biggest cyrptocurrency exchange by trading volume, will set up a crypto exchange with Thailand's Gulf Energy Development, both firms said on Monday.

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17 Jan

Another midterm worry for Biden White House: probes and impeachment attempts

The U.S. midterm elections are some 10 months away, but President Joe Biden's administration and allies already foresee a possible scenario in which Republicans take the House of Representatives, the Senate, or both, and launch a series of investigations and attempts to impeach the president.

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17 Jan

Shell says electricity to meet 60% of China's energy use by 2060

China may triple electricity generation to supply 60% of the country's total energy under Beijing's carbon-neutral goal by 2060, up from the current 23%, Royal Dutch Shell said on Monday.

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17 Jan

China tops forecasts with 8.1% growth in 2021 but headwinds loom

BEIJING (Reuters) -China's economy rebounded in 2021 with its best growth in a decade, helped by robust exports, but there are signs that momentum is slowing on weakening consumption and a property downturn, pointing to the need for more policy support.

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17 Jan

Generali shareholder rift deepens as representative of No.3 investor quits board

MILAN (Reuters) -Italy's leading insurer Generali said the representative of its third-largest investor Leonardo Del Vecchio has resigned from the board, as a rift between the group and two of its leading shareholders deepens.

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17 Jan

Cinda, under Beijing pressure, scraps $944 million investment in Ant unit -sources

China Cinda Asset Management Co Ltd scrapped a deal to buy a 20% stake worth about $944 million in fintech giant Ant Group's consumer finance arm because of pressure from state authorities, people with knowledge of the matter said.

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