With the EU set to block Hutchison’s roughly $14 billion bid for the U.K.’s second-largest cellphone operator, Li Ka-shing faces a setback in his efforts to pivot his business empire toward Europe.
The European Union’s highest court rejected a challenge by Philip Morris and other tobacco companies against a tough new antismoking law.
Royal Dutch Shell is continuing to hammer down costs and spending as the company moves to integrate its roughly $50 billion acquisition of BG Group in the midst of a historic oil price slump.
AP Moller-Maersk’s net profit sank in the first quarter as a sharp decline in freight rates pressured its shipping business while the plunge in crude prices at the start of the year hit its oil business.
German sportswear maker Adidas said it is actively seeking a buyer for parts of its golf unit, after years of slumping sales.
China’s behemoth banks—among the biggest in the world by assets—have stopped getting much bigger. But that doesn’t mean risks surrounding them have subsided.
Belgian brewer Anheuser-Busch InBev said unfavorable currency effects damaged net profit in the first quarter of the year.
Chinese authorities have issued verbal warnings to economists, analysts and business reporters whose gloomy public remarks on the economy are out of step with the government’s upbeat statements.
German engineering giant Siemens reported a 63% drop in net profit for the second quarter of its fiscal year 2016, after the year-earlier figures were buoyed by one-off gains from asset sales.
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