Elon Musk, Tesla Motors CEO, tells the Reuters Global Tech Summit that he'll talk to politicians who back local car dealers trying to keep Tesla from selling directly to consumers. Video
LONDON - The clear signal from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to Chinese growth slowing sparked sharp falls in bonds, shares and commodities on Thursday.
DETROIT - A new company hopes to make the car-buying process easier for consumers and more efficient for dealers by bringing cars to buyers for test drives, avoiding the need to spend hours at a dealership.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Heineken agrees deal to take control of APB
LONDON (Reuters) - Global brewer Heineken (HEIN.AS) agreed a $4 billion-plus deal on Friday to take control of Asia Pacific Breweries (APB) APBB.SI by agreeing to buy a stake in the Singapore-based brewer from partner Fraser and Neave (F&N) (FRNM.SI), said sources with knowledge of the situation.
Heineken had given F&N a deadline of Friday to agreed to a sale, and a deal has been agreed in principle and has gone to the F&N board for rubber stamping, they said.
The deal was slightly ahead of Heineken's initial offer of S$50 a APB share, but no further details were available.
"The deal has been agreed by Heineken and F&N's management, and the agreement will now go for approval by the F&N board and then be announced officially," said one of the sources.
(Reporting by David Jones in LONDON and Eveline Danubrata in SINGAPORE; Editing by Andrew Callus)
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