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 - Stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied.
- The troubles at BlackBerry Ltd, which fired more than half its staff and lost more than 90 percent of its market value as consumers shunned its smart phones, might have spelled disaster for the company's hometown of Waterloo, Ontario. Instead, there are hot sports cars in the streets and new companies filling the refurbished office buildings. | Video
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.