Adcock says talks with Pretoria over CFR bid have gone well
JOHANNESBURG (Reuters) - The chairman of South Africa's Adcock Ingram (AIPJ.J) said on Wednesday discussions with South Africa's government over a proposed 12.6 billion rand ($1.3 billion) takeover from Chile's CFR CFR.SN have gone "extremely well".
The South African government has in the past scuppered big cross-border deals, but Chairman Khotso Mokhele told a conference call talks with the government so far had gone well.
NEW YORK - The U.S. S&P500 stock index posted its worst daily fall since April and its first monthly drop since January on Thursday, as economic data sparked concern the Federal Reserve could raise interest rates sooner than some have expected.
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.