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7-Eleven owner's shares spike on report of new buyout offer
Shares in the Japanese owner of 7-Eleven surged Wednesday following reports that Canada's Alimentation Couche-Tard (ACT) had hiked its takeover offer by almost 20 percent. But Bloomberg News and Japan's Nikkei business daily reported Wednesday that ACT, which owns the Circle K brand, had upgraded its offer to $18.19 per share, or a total of around seven trillion yen ($47.2 billion).
Your 'local everything': what 7-Eleven buyout battle means for Japan
In Japan more is at stake than money in the mammoth takeover battle for 7-Eleven, the world's biggest convenience chain, by Canadian retail giant Alimentation Couche-Tard. But the Canadian group, which owns Circle K and runs nearly 17,000 outlets worldwide, has vowed to pursue what would be the biggest foreign takeover of a Japanese firm.
Chinese shares drop on stimulus upset, Asia tracks Wall St higher
Stocks in mainland China and Hong Kong fell Wednesday in a volatile start a day after Beijing left investors disappointed over a lack of fresh stimulus and scant detail on its plans for implementing a raft of measures already unveiled.
The US economy is solid: Why are voters gloomy?
Cooling inflation, low unemployment, robust economic growth and... downbeat voters. While Harris has narrowed Trump's lead, polls have suggested voters favor the former president on economic issues.
Brazil lifts ban on Musk's X, ending standoff over disinformation
Brazil's Supreme Court said Tuesday it was lifting a ban on Elon Musk's social network X, which was blocked in its biggest Latin American market for over a month amid a row over disinformation. - Biggest Latin American market - With more than one mobile phone per inhabitant, Brazilians are among the most connected people in the world.
Brazil Supreme Court lifts ban on Musk's X
Brazil's Supreme Court said Tuesday it was lifting a ban on Elon Musk's social network X, which was blocked in its biggest Latin American market for over a month amid a row over disinformation. Moraes has for months been embroiled in a standoff with Musk, the world's richest man, over a flood of online disinformation related to Brazil's 2022 election campaign.
China says raised 'serious concerns' with US over trade curbs
The United States and China on Tuesday raised concerns about trade between the world's two biggest economies, with China's commerce minister urging Washington to lift sanctions on his country's firms "as soon as possible".
US states accuse TikTok of harming young users
A group of 14 US states on Tuesday filed lawsuits accusing TikTok of ensnaring young users with addictive features, then harming their minds and violating their privacy. TikTok then hits young users with money-making ads, the lawsuits argue.
Boeing delivers 27 MAX jets in September despite strike
Boeing delivered 33 new aircraft to customers in September in spite of a labor strike of Seattle-area workers that has shuttered two major assembly plants, the company said Tuesday. Boeing also delivered four 787 Dreamliner planes, which are assembled at a non-union plant in Charleston, South Carolina that is not out on strike.
AFP
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