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Eurozone Bond Curve Steepening Could Slow In Coming Months
Recent steepening of eurozone government bond curves might slow over the next three months or so as the market’s pricing of future ECB rate cuts looks reasonable, MFS Investment Management said.
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DSV Agrees to Buy Deutsche Bahn’s Logistics Arm
DSV said it would buy the business for more than $12 billion, winning a monthslong sales process that saw sovereign wealth funds, private equity firms and shipping giant Maersk all weighing bids.
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Mitsubishi Corp. in Talks to Buy Stake in Exxon Mobil’s Texas Project
Mitsubishi Corp. is in talks to buy a stake in Exxon Mobil’s project in Baytown, Texas, which aims to be the world’s largest low-carbon ammonia facility.
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Korea Zinc Shares Hit Record High After MBK’s $1.5 Billion Tender Offer
MBK Partners, a Seoul-based private-equity firm, launched a $1.5 billion tender offer to secure a controlling stake in nonferrous-metal producer Korea Zinc, sending the smelter’s stock to a record high
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China’s Midea to Raise Nearly $4.0 Billion via Hong Kong Listing
Chinese appliance maker Midea has priced its initial public offering at the top end of the guided range in what could be Hong Kong’s biggest listing this year.
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Boeing Union Votes to Strike
The company’s largest union rejected a contract that called for a 25% pay increase, halting production of 737 jets.