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Tencent Music announces biggest ever $1 billion share buyback By Reuters

(Reuters) - China's Tencent (HK:0700) Music Entertainment Group announced a $1 billion share repurchase plan, its biggest, late on Sunday, days after the U.S. securities regulator adopted stricter measures for foreign companies listed on American stock exchanges. The Chinese music streaming company may buy back up to $1 billion of its Class A ordinary shares in the form of American depositary shares...

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German union calls four-day strike at Amazon sites ahead of Easter By Reuters

BERLIN (Reuters) - The trade union Verdi has called for workers at six Amazon (NASDAQ:AMZN) sites in Germany to go on strike from Sunday evening for four days in the latest attempt to try to force the U.S. e-commerce group to recognise collective bargaining agreements. Verdi said the strikes at Amazon's sites in Rheinberg, Werne, Koblenz, Leipzig and at two locations in...

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Japan’s biggest banks face climate votes at AGMs as activism grows By Reuters

By Aaron Sheldrick TOKYO (Reuters) - Mitsubishi UFJ Financial Group, and Sumitomo Mitsui Financial Group, Japan's two biggest banks, are being targeted with climate resolutions from activist shareholders at their annual shareholder meetings. Shareholders at Mizuho Financial Group, the other member of Japan's 'Big Three', voted on a similar resolution at its...

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News Corp nears agreement to buy Houghton Mifflin Harcourt’s consumer-publishing arm – WSJ By Reuters

(Reuters) - News Corp is nearing an agreement to purchase the consumer arm of educational publisher Houghton Mifflin Harcourt Co, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The deal could be announced as early as Monday, the newspaper https://on.wsj.com/3ctZiY9 reported, without mentioning financial terms. The sale of HMH Books & Media would add a portfolio of...

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Spain’s Masmovil launches friendly takeover bid for Euskaltel By Reuters

MADRID (Reuters) - Spain's Masmovil announced on Sunday a friendly takeover bid for rival telecoms firm Euskaltel worth nearly 2 billion euros ($2.4 billion). Masmovil said in a statement to Spain's CNMV stock market supervisor that it had the agreement of shareholders who hold 52.32% of the capital for the bid, which would see it pay 11.17 euros per share in cash....

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Large block trades tied to Archegos raise worries about trading this week By Reuters

(Reuters) - A number of large block trades on Friday which investors said caused big drops in the stocks of a clutch of companies were linked to an investment fund, Archegos Capital, a source familiar with the situation said, with the moves raising worries about volatile trading in the coming days. Shares in ViacomCBS and Discovery tumbled around 27% each on...

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Atlantia to get sweetener in CDP-led consortium’s bid for Autostrade stake – sources By Reuters

By Giuseppe Fonte, Stephen Jewkes and Francesca Landini MILAN (Reuters) - A consortium led by Italian state lender CDP is working on a sweetened offer for Atlantia's stake in Autostrade per l'Italia in a last-ditch attempt to salvage talks over the fate of the motorway business, three sources said. CDP, together with co-investors Macquarie and Blackstone (NYSE:BX), have been negotiating with Atlantia...

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Commerzbank nominates new chairman amid big revamp By Reuters

FRANKFURT (Reuters) -The German lender Commerzbank (DE:CBKG) said on Sunday that its supervisory board would nominate Helmut Gottschalk as chairman of the bank, filling a vacuum as it goes through a radical overhaul. It had launched a search for a new chair this month after Hans-Joerg Vetter resigned for health reasons. Germany's second-biggest lender is shedding thousands of jobs and closing hundreds...

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UK ministers reject Sanjeev Gupta’s bailout plea – FT By Reuters

(Reuters) - British ministers have rejected a request from mining magnate Sanjeev Gupta for a 170 million pound emergency loan to prevent his group, GFG Alliance, from collapsing, the Financial Times reported on Sunday. GFG, a holding company for Gupta's assets, was the biggest recipient of financing from Greensill, a British financing company, which filed for insolvency last week. The British government...

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