Tue01172017

LAST_UPDATETue, 17 Jan 2017 6pm

BAT Agrees To Buy Reynolds For $49 Billion

Pic: Reuters

British American Tobacco (BATS.L) has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc (RAI.N), creating the world's biggest listed tobacco company after it increased an earlier offer by more than $2 billion.

Read more: BAT Agrees To Buy Reynolds For $49 Billion

Wilbur Ross, Trump's Commerce Pick, Offshored 2,700 Jobs Since 2004

Pic: Reuters

Billionaire Wilbur Ross, chosen by Donald Trump to help implement the president-elect's trade agenda, earned his fortune in part by running businesses that have offshored thousands of U.S. jobs, according to Labor Department data attained by Reuters.

Read more: Wilbur Ross, Trump's Commerce Pick, Offshored 2,700 Jobs Since 2004

Carlyle To Become Largest Shareholder In South Africa's Global Credit Ratings

Carlyle Group (CG.O) has agreed to become the largest shareholder in Johannesburg-based Global Credit Ratings (GCR), the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's services.

Read more: Carlyle To Become Largest Shareholder In South Africa's Global Credit Ratings

GM's Cadillac Sees Double-Digit Sales Growth In China This Year

General Motors Co's (GM.N) Cadillac expects sales in China to continue growing at a double-digit rate this year, but at a slower pace than in 2016 when volumes saw a sharp spike after the brand opened its first dedicated factory in the country.

Read more: GM's Cadillac Sees Double-Digit Sales Growth In China This Year

Hyundai Motor To Boost U.S. Investment As Automakers Respond To Trump

The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new U.S. plant - the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports.

Read more: Hyundai Motor To Boost U.S. Investment As Automakers Respond To Trump

Honda Says Takata Airbag Ruptured In Japan, Caused Minor Injury

Honda Motor Co (7267.T) said on Tuesday that an air bag made by Takata Corp (7312.T) had ruptured in one of its cars in Japan, resulting in a minor injury to the car's driver.

Read more: Honda Says Takata Airbag Ruptured In Japan, Caused Minor Injury

BAT Agrees Terms To Buy Reynolds For $49.4 Billion

British American Tobacco (BATS.L) said on Tuesday it had agreed terms to buy U.S. rival Reynolds American Inc (RAI.N) after it increased its offer for the 57.8 percent of the company it did not already own to $49.4 billion.

Read more: BAT Agrees Terms To Buy Reynolds For $49.4 Billion

OPEC Sees Market Stability In 2017, Venezuela Aims For $70 Price

Pic: ReutersOPEC Secretary-General Mohammed Barkindo forecast on Monday that stability would return to oil markets this year while price hawk Venezuela said it hoped its crude basket would rise to $70 in coming months.

Read more: OPEC Sees Market Stability In 2017, Venezuela Aims For $70 Price

Merkel Tells German Industry She Will Fight For Free Trade

Pic: ReutersChancellor Angela Merkel told German industry leaders on Monday that she would remain committed to free trade in an indirect rebuttal to comments from U.S. President-elect Donald Trump's about border taxes on car imports.

Read more: Merkel Tells German Industry She Will Fight For Free Trade

First Malaysian Events Management Firm Successfully Listed On Australian Stock Exchange, Makes History

Filepic: LinkedIn

SYDNEY, Australia - E-Plus Limited (E-Plus), one of Asia’s leading events management company, began trading today at 10:00AM Australia Eastern Daylight Time (GMT +10) on the National Stock Exchange of Australia (NSX) under the stock code, 8EP. A total of 245 million shares were issued and quoted at an initial market price of AUD0.05 (RM0.16) per share.

Read more: First Malaysian Events Management Firm Successfully Listed On Australian Stock Exchange, Makes...