Moon Warns North Korea Against Provoking During Military Drills
South Korean President Moon Jae-in warned North Korea not to use his nation's latest round of annual military drills with the U.S. as an excuse for any further provocations.
Thailand Economy Grows at Fastest Pace in Over Four Years
Thailand's economy grew at the fastest pace in more than four years, led by a surge in farming output and tourism.
Sempra snatches Oncor from Buffett with $9.45 bln bid-sources
Bankrupt Texas utility Energy Future Holdings will abandon a deal to sell power transmission company Oncor to Warren Buffett's Berkshire Hathaway Inc for $9 billion and will accept a $9.45 billion bid for Oncor by Sempra Energy instead, people familiar with the matter said. The development represents a rare blow for Buffett, who avoids bidding wars for companies and had swooped in two months ago to buy Oncor after two previous attempts by Energy Future to sell it were blocked by Texas regulators.
Sempra snatches Oncor from Buffett with $9.45 billion bid: sources
The development represents a rare blow for Buffett, who avoids bidding wars for companies and had swooped in two months ago to buy Oncor after two previous attempts by Energy Future to sell it were blocked by Texas regulators. It is also a defeat for Greg Abel, the 55-year-old chief executive of Berkshire's energy unit who many investors consider a top candidate to eventually succeed Buffett, 86, at the Omaha, Nebraska-based parent company's helm.
LGT Bank's Hofer Sees More Slack in Europe Than in U.S.
Aug.21 -- LGT Bank Asia Executive Director and Investment Strategist Stefan Hofer discusses central banks' monetary policies and talks about the European economies. He speaks on "Bloomberg Markets: Middle East."
Infosys Lags Overall Indian Market
Aug.20 -- Bloomberg's Rosalind Chin reports on the performance of Infosys. She speaks on "Bloomberg Daybreak: Asia."
Bluescope says electricity costs spiked 93% since 2015
Paul O'Malley, managing director, Bluescope Steel says rising energy costs are a major reason for a profit warning.