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Obama bars China's Fujian from buying Aixtron's U.S. business

FRANKFURT/WASHINGTON President Barack Obama blocked a Chinese investment fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron because the deal posed a risk to American national security, the Treasury Department said on Friday.

Asics to take over from Adidas as IAAF sponsor

MONACO Japanese sportswear giant Asics Corp will take over from Adidas as the official sponsor of the International Association of Athletics Federations (IAAF), a source with knowledge of the deal told Reuters on Friday.The IAAF is expected to announce the deal on Saturday. Adidas, who had signed an 11-year sponsorship deal with the IAAF that was set to run until 2019, said on Friday it was ending the deal three years early.

Actelion's silence has hedge funds betting big on J&J deal

ZURICH Actelion's silence speaks volumes to the dozens of event-driven hedge funds piling into the Swiss biotech firm, betting that Johnson & Johnson's (J&J) approach will result in an outright takeover and handsome returns.

Banco Popular shake-up opens door to overdue Spanish mergers

MADRID The ouster of Banco Popular's chairman could mark it out for a potential takeover and trigger another round of mergers in Spain's banking sector, five years after the European financial crisis caused an earlier wave of consolidation.

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China lodges protest after Trump call with Taiwan president

BEIJING/WASHINGTON China lodged a diplomatic protest on Saturday after U.S. President-elect Donald Trump spoke by phone with President Tsai Ing-wen of Taiwan, but blamed the self-ruled island Beijing claims as its own for the "petty" move. | Video