Norway's Cermaq rejects hostile bid from Marine Harvest
OSLO (Reuters) - Salmon firm Cermaq (CEQ.OL) rejected a $1.7 billion hostile takeover bid from Marine Harvest (MHG.OL), the world's biggest fish farmer, saying it undervalued the company and came with unacceptable conditions.
Cermaq will now go ahead with its own $732 million bid for Peruvian fishmeal firm Copeinca COPE.OL as it would better serve the firm than accepting a lowball bid, it said in a statement on Thursday.
JACKSON HOLE Wyoming - Federal Reserve officials are cautiously nearing completion of a new plan for managing interest rates, concerned that some of the new tools they are likely to rely on could pose unintended risks in a crisis.
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.