Wednesday, 6 July 2022

Rogers, Shaw say Canada antitrust talks on blocked deal did not result in resolution

Rogers, Shaw say Canada antitrust talks on blocked deal did not result in resolution

Rogers Communications said on Wednesday talks with Canada's antitrust authority to discuss possible remedies to the blocked C$20 billion ($15.34 billion) takeover of Shaw Communications did not result in a resolution.

Potanin seen as major obstacle to Russian $60bn metal merger

Russian businessman Vladimir Potanin is likely to be the biggest barrier to a potential $60 billion merger between Russia's largest metals producers Nornickel and Rusal , two sources with direct knowledge of the matter said.

FACTBOX Airline SAS files for U.S. bankruptcy protection

Scandinavian airline SAS has filed for bankruptcy protection in the United States to help cut debt, after wage talks with its pilots collapsed, triggering a strike that adds to travel chaos across Europe.

Futures edge lower as investors await Fed meeting minutes

U.S. stock index futures edged lower on Wednesday as investors worried about the possibility of a recession from aggressive policy tightening awaited minutes from the Federal Reserve's meeting last month.

UK watchdog probes Microsoft's $68.7 billion Activision buyout deal

Britain's antitrust watchdog said on Wednesday it had started an investigation into Microsoft Corp's $68.7 billion deal to buy "Call of Duty" maker Activision Blizzard Inc .

Mexican used-car startup Kavak expands outside Latin America

Mexican used-car platform Kavak is investing $180 million to open offices and make its platform available in four new countries, including Turkey - its first location outside Latin America, the company said Wednesday.

Just Eat Takeaway rocky dealmaking

Amazon has agreed to take a 2% stake in Just Eat Takeaway.com's U.S. meal delivery business Grubhub, bringing major relief to Europe's largest meals company, which has been under fire in recent months over its dealmaking and sagging share price.

Russian bank Tinkoff suspends outgoing FX SWIFT transfers until October

Russian online bank Tinkoff on Wednesday said it was suspending outgoing SWIFT transfers in foreign currencies until Oct. 1 after admitting it had struggled with such transactions due to restrictions on Russia's banks.

EU plans investment in world's tallest dam to dent Russia's energy clout

The European Union plans to become the top investor in the world's tallest dam in Tajikistan, EU officials told Reuters, in a move aimed at helping Central Asia cut its reliance on Russian energy and part of EU's answer to China's Belt and Road Initiative.

China May oil imports from Russia soar to a record, surpass top supplier Saudi

China's crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine.

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