Check out which companies are making headlines before the bell: Kite Pharma — Gilead Sciences announced a deal to buy Kite for $11.9 billion in cash, or $180 per share, 29 percent more than Kite’s closing price on Friday. The drugmakers expect the deal to close during the fourth quarter of this year. Littelfuse — […]
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Japan urges predictable, transparent Brexit ahead of visit by PM May
Japan wants Britain’s exit from the European Union to be predictable and transparent so that Japanese companies can continue to operate smoothly in the country, a senior government official said on Monday. Deputy Chief Cabinet Secretary Yasutoshi Nishimura said the government would do its utmost to gather information on the Brexit negotiations, which he said […]
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Burger King has launched its own version of bitcoin in Russia called ‘WhopperCoin’
Burger King has waded into the cryptocurrency market with the launch of its own virtual coin called “WhopperCoin” in Russia. With each purchase of the burger chain’s signature Whopper sandwich, customers can receive WhopperCoin tokens via a digital wallet. Bitcoin traders have previously gotten a lot of flak in Russia, with reports last year suggesting […]
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Schulz’s personal attacks on German Chancellor Merkel will not help him win elections, experts say
The tables have turned in the race to become the next chancellor of Germany. Martin Schulz, the head of the German Socialist Party, has dropped 10 percentage points in the opinion polls since last March – posing an increasingly smaller threat to the long-standing leadership of Angela Merkel. Schulz has gone on the offensive, attacking […]
Read moreIndia and China have agreed to an “expeditious disengagement” of troops in a disputed border area where their soldiers have been locked in a stand-off for more than two months, India’s foreign ministry said on Monday. The decision comes ahead of a summit of the BRICS nations – a grouping that also includes Brazil, Russia […]
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US dollar's status is in question as the euro hits two-and-half year high, investment manager says
The prestige of the U.S. dollar is being questioned as the currency weakens and competitors such as the euro and the renminbi gain strength, an investment manager told CNBC Monday. Though the U.S. economy has been performing well and the Federal Reserve has signaled further interest rate hikes, investors have been concerned over when and […]
Read moreSamsung Electronics Vice Chairman Jay Y. Lee has filed an appeal against the five-year jail term he was given for bribery and other charges through his lawyer, according to the Seoul Central District Court’s website on Monday. The website did not give any details about the appeal, which will be assigned to a higher court. […]
Read moreA Jakarta court has sentenced a female would-be suicide bomber to seven and a half years in prison, prosecutors and her lawyer said, the first time a woman has been convicted in Indonesia for planning such an attack. Dian Yulia Novi, 28, was arrested late last year on suspicion of plotting to blow herself up […]
Read moreAt the start of the third round of Brexit talks, only one thing seems clear: the division between Brussels and London. The EU’s chief negotiator Michel Barnier said last June that the third round of negotiations should be about clarification, but after the U.K. published a few papers outlining its position, it is evident that […]
Read moreChinese conglomerate Dalian Wanda Group said in a statement to Reuters on Monday that areport claiming its billionaire chairman, Wang Jianlin, was prevented from leaving the country was groundless and it planned to take legal action. Taiwanese news site Bowen Press had reported on Sunday that Wang was stopped from leaving Tianjin airport on Friday […]
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