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(Bloomberg) -- Wirecard AG gained as much as 6.6% in Germany after saying it had commissioned KPMG to conduct an independent audit of the digital payments company, its latest effort to calm investors rattled by reports of accounting irregularities.The audit firm will have “unrestricted access to all information on all levels of the group,” Wirecard said in a statement Monday. KPMG’s review of accusations raised by the Financial Times will begin immediately and will be presented in “due course.”“We have complete confidence in the audit procedures performed to date and their results,” Chairman Wulf Matthias said in the statement. “We assume this renewed independent review will lead to a final end to all further speculation.”Shares of Wirecard were up 6.1% to 118.45 euros at 10:22 a.m. in Frankfurt on Monday after earlier gaining as much as 6.6%, the biggest intraday jump since April.Wirecard’s shares tumbled last week after a FT report...
If you want to know who really controls Endesa, S.A. (BME:ELE), then you'll have to look at the makeup of its share......
Roche's Tecentriq mixed with Avastin helped liver cancer patients live longer, a boost to the Swiss drugmaker's strategy of expanding its late-to-the-game immunotherapy into niche areas not yet dominated by rivals. Roche said on Monday it will submit overall and progression-free survival data in hepatocellular carcinoma to U.S., European and Chinese regulators in hopes of a speedy approval. The combination is "the first treatment in more than a decade to improve overall survival in people with unresectable hepatocellular carcinoma who have not received prior systemic therapy", said Levi Garraway, Roche's new chief medical officer, without disclosing the specific survival benefit for Tecentriq and Avastin....
(Bloomberg) -- Singapore’s Temasek Holdings Pte plans to take control of Keppel Corp. for about S$4 billion ($3 billion) and undertake a review of the oil-rig builder’s business that could involve a board shakeup.The state-backed investor, which already owns about one-fifth of Keppel, offered to buy an additional 30.6% stake at S$7.35 a share, according to a statement Monday. That’s 26% higher than what Singapore-based Keppel traded at before its shares were halted, pending the announcement.Becoming the majority owner of one of the world’s biggest oil-rig makers would be seemingly at odds with Temasek’s preference to steer away from fossil fuels; the firm decided against investing in Aramco’s IPO in part over environmental concerns. But taking over Keppel could open a variety of profitable merger, acquisition and divestment options that may help improve the builder’s financial and environmental sustainability amid falling revenue and rising capital demands.“The partial offer reflects our view...
(Bloomberg) -- Turkey is threatening to resume its operation in northeastern Syria if Kurdish YPG militants fail to withdraw by the end of a recently negotiated 120-hour pause in hostilities.Kurdish-led Syrian Democratic Forces have pulled back from the border town of Ras Al Ayn in the northern part of the country, after Turkish President Recep Tayyip Erdogan vowed to restart the offensive if they don’t pull back by the end of a U.S.-brokered truce. Checking his watch, Foreign Minister Mevlut Cavusoglu said on Monday morning that they have roughly “35 hours left.”Turkey and the Kurds have disagreed on the parameters of the truce, highlighting its fragility. The Syrian Democratic Forces has said the cease-fire was limited to the 120-kilometer (75-mile) strip between Tal Abyad and the town of Ras al-Ayn. Erdogan says the deal requires Kurdish fighters to withdraw from an area 444 kilometers long and 32 kilometers deep.The U.S. fought...
Indonesian President Joko Widodo asked opposition leader Prabowo Subianto on Monday to join his new cabinet for a second term, while the co-founder of tech start-up Gojek and a former chairman of Inter Milan soccer club were also tapped for posts. Bringing on board Prabowo, who was Widodo's challenger in April's bitterly fought election, means the president can further strengthen his grip on parliament as he seeks to push through his reform agenda. Widodo had been expected to announce his full cabinet line-up on Monday, but this had been delayed until Wednesday, officials said....
Indonesian President Joko Widodo said on Monday he wanted "innovative" ministers in his cabinet for a second term, as the co-founder of tech startup Gojek said he would join and a former chairman of Inter Milan soccer club was tipped for a post. The make-up of the cabinet is being closely watched to see how many are technocrats, who are more likely to fall in with Widodo's reform agenda. There has also been speculation that Widodo's challenger in April's bitterly fought presidential election, Prabowo Subianto, or other members of the opposition could join....
