FRANKFURT Bayer said on Tuesday it was reducing its stake in separately listed chemicals subsidiary Covestro in an accelerated bookbuilding process as it seeks to secure funding for the $66 billion takeover of seeds maker Monsanto .
OneWeb Ltd, a U.S. satellite startup backed by Japan's SoftBank Group Corp, and debt-laden satellite operator Intelsat SA agreed to merge in a share-for-share deal on Tuesday.
Comcast Corp said on Tuesday it would buy the 49 percent it does not already own in Universal Studios Japan (USJ) for 254.8 billion yen ($2.27 billion) as the No. 1 U.S. cable operator seeks to expand its Asian theme parks business.
LONDON The European Union could be left with no exchange big enough to compete with U.S. rivals and no trading link into Britain if it allows the London Stock Exchange and Deutsche Boerse merger to die.
BRUSSELS/FRANKFURT After more than a year of negotiations, Deutsche Boerse got only 30 minutes notice on Sunday from the London Stock Exchange that their planned merger was effectively over, sources familiar with the talks told Reuters.
SINGAPORE/HONG KONG Private equity firms Warburg Pincus [WP.UL], Blackstone Group LP and Hopu Investment were among the bidders short-listed to present a potential offer for Singapore-listed Global Logistic Properties , people familiar with the process said on Tuesday.
SHANGHAI Shares of Chinese express delivery firm SF Holding shot up 10 percent on Tuesday, after it announced strong profit growth and completed a backdoor listing last week, ranking owner Wang Wei fourth among the country's richest individuals.
LONDON/FRANKFURT The London Stock Exchange has all but ended a planned merger with Deutsche Boerse to create Europe's biggest exchange, which had faced growing opposition since Britain's vote to leave the European Union.
OSLO Tanker firm Frontline said on Tuesday it had made a higher and final offer for rival DHT Holdings which was rejected.
SEOUL/SINGAPORE South Korean refiner Hyundai Oilbank has purchased a cargo of U.S. Southern Green Canyon crude oil, the country's first import of the grade, three trade sources said on Tuesday.
WASHINGTON Billionaire investor Wilbur Ross was sworn in as U.S. commerce secretary on Tuesday after helping shape Republican President Donald Trump's opposition to multilateral trade deals.