Investing.com – Japan equities were higher at the close on Monday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 added 2.12% to hit a new 5-year high. The biggest gainers of the session on the Nikkei 225 were Kobe Steel, Ltd. (T:5406),...
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LONDON (Reuters) - British online fashion retailer Boohoo has bought the Dorothy Perkins, Wallis and Burton brands from the administrators of Arcadia for 25.2 million pounds ($34.6 million), completing the break-up of Philip Green's fallen empire. Like rival ASOS (LON:ASOS)'s purchase last month of Arcadia's prized Topshop, Topman, Miss Selfridge and HIIT brands, Boohoo's deal does not include any stores, putting thousands...
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(Reuters) - British power producer Drax said on Monday it would buy Canada-based Pinnacle Renewable Energy Inc in a deal with an implied enterprise value of C$741 million ($580.58 million) including debt. Drax said the C$11.30 per share offer represented a 13% premium to Pinnacle's Feb. 5 closing price, adding that the acquisition...
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(Bloomberg) -- Aware Super will grow in coming years to be able to manage up to A$300 billion ($230 billion), a drive that could see Australia’s second-largest pension fund open offices in Europe and the U.S. in pursuit of more investments overseas. The A$140 billion fund could double its staff across everything from investments to tax and compliance, said Chief Investment Officer Damian...
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PARIS (Reuters) - Airbnb announced plans on Monday to tighten control of short-term rentals advertised on its site in several French cities including Paris, by throwing out those without formal registration numbers. France is one of Airbnb's top destinations but the online letting marketplace has faced criticism in Paris and other cities, including Amsterdam and New York, over concerns that its...
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By Swati Pandey SYDNEY (Reuters) - Asian shares hovered near record highs on Monday while oil edged closer to $60 a barrel on hopes a $1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally. MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.2%...
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SEOUL (Reuters) - South Korea's Hyundai Motor Co and Kia Corp said on Monday they are not in talks with Apple Inc (NASDAQ:AAPL) on developing autonomous vehicles, sending their shares tumbling. In early January, Korea Economic Daily TV reported Apple and Hyundai were in discussions to develop self-driving electric vehicles by 2027 and...
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JOHANNESBURG (Reuters) - South Africa will suspend use of AstraZeneca (NASDAQ:AZN)'s COVID-19 shot in its vaccination programme after data showed it gave minimal protection against mild to moderate infection caused by the country's dominant coronavirus variant. Health Minister Zweli Mkhize said on Sunday the government would await advice from scientists on how best to proceed, after disappointing results in a trial conducted...
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(Reuters) - A consortium of investors including Advent International and CVC Capital Partners is threatening to walk away from a deal for the media business of Italy's top soccer league, Sky News reported on Sunday. Serie A has been in negotiations with the investors since they made a 1.7 billion euros ($2.05 billion) offer for the media unit in October, but some...
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WOLVERHAMPTON, England (Reuters) - Wolverhampton Wanderers and Leicester City shared the spoils in a 0-0 Premier League draw on Sunday as both teams showed plenty of attacking intent but lacked an end product. Leicester, who started the year with three wins to boost their title challenge, have now won only once in their...
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