Australian property listing firm REA Group recently made a cash-and-stock takeover offer to Britain’s largest real estate portal Rightmove. The offer, amounting to 5.6 billion pounds ($7.32 billion), was aimed at expanding REA’s presence in the lucrative international markets, particularly in the significantly larger British housing market. Despite the substantial premium of 27% offered by
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As the trial of Alphabet’s Google began in Alexandria, Virginia, a Justice Department prosecutor accused the tech giant of attempting to control all sides of online advertising technology, thereby dominating competitors and customers. The prosecution argued that Google has established a stronghold over the technological infrastructure that supports the dissemination of news and information through
Canadian retailer Alimentation Couche-Tard has expressed its willingness to engage in discussions with Japanese retail giant Seven & i Holdings regarding its $38.5 billion takeover bid. This move has sparked interest in the market and caused Seven & i shares to climb by 3% in early Tokyo trading. However, Seven & i has raised concerns
The U.S. presidential election holds significant importance not only for the United States but also for global financial markets, especially impacting emerging markets (EMs). As the world’s largest economy, the decisions made by the U.S. government can shape global financial conditions, trade relationships, and international economic growth. Analysts at UBS have identified several key ways
Helium plays a crucial role in the functionality of spacecraft and rockets due to its unique properties. As an inert gas, helium does not react with other substances, making it ideal for pressurizing fuel tanks and cooling systems in space vehicles. Its low boiling point allows it to remain a gas even in extremely cold
The global markets seem to be on edge as investors await the release of the U.S. jobs data, which could potentially impact the future rate cuts by the Federal Reserve. Asian shares are struggling to break out of tight ranges, with the MSCI’s broadest index of Asia-Pacific shares outside Japan only edging slightly higher. The
The proposed $14.9 billion takeover of U.S. Steel by Nippon Steel has raised national security concerns in the United States. According to a letter from the Committee on Foreign Investment in the U.S. (CFIUS), the deal could potentially harm the supply of steel needed for critical sectors such as transportation, infrastructure, construction, and agriculture. The
On Wednesday, Asian shares and global stock futures experienced a significant decline, with technology stocks leading the way. Stock benchmarks in Tokyo and Taipei were hit hard, each falling more than 3%. The broader MSCI index of Asia-Pacific shares outside Japan was also 1.8% lower. Market analysts attributed the sell-off to worries about the global
The trade relationship between Russia and India has been experiencing significant growth in recent years, with bilateral payments proceeding smoothly without the usual glitches that have been plaguing trade with other countries. This flourishing partnership is underpinned by robust economic cooperation and mutual trust between the two nations. Russia’s trade with India nearly doubled to
REA Group, a property listings company majority-owned by News Corp, is contemplating acquiring Rightmove to form a global real estate company. Rightmove, Britain’s largest property portal, experienced a surge in its share price by 24% to 6.89 pounds on the London Stock Exchange. The potential offer from REA Group has been viewed as a highly