AFP

The Japanese owner of 7-Eleven said Wednesday its founding family had offered a counter-bid to a takeover attempt by Canadian convenience store rival Alimentation Couche-Tard (ACT).With around 85,000 outlets, 7-Eleven is the world’s biggest convenience chain. If realised, Couche-Tard’s seven trillion yen ($45 billion) takeover would be the largest foreign buyout of a Japanese firm.Bloomberg …

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Airlines in Australia, Hong Kong, India, Malaysia and Singapore cancelled flights to and from the Indonesian resort island of Bali on Wednesday, after a nearby volcano catapulted an ash tower miles into the sky.Australia’s Jetstar, Qantas and Virgin Australia all grounded flights after Mount Lewotobi Laki-Laki on Flores island spewed a nine-kilometre (5.6-mile) tower a …

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Asian markets fell again Wednesday as traders fret over the impact of Donald Trump’s presidency on the Chinese and global economies, with fears that his policies could also reignite US inflation.The prospect of prices spiking again on the back of tax cuts, import tariffs, and an easing of regulations gave fresh impetus to the dollar, …

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Several Australian airlines on Wednesday cancelled their flights to and from the Indonesian resort island of Bali, after a nearby volcano catapulted an ash tower miles into the sky.Jetstar, Qantas and Virgin Australia all issued advisories announcing changes to their flight schedules after Mount Lewotobi Laki-Laki on Flores island spewed a nine-kilometre (5.6-mile) tower a …

Australian airlines cancel Bali flights after volcano erupts Read More »

Chinese leader Xi Jinping headed to Peru on Wednesday, bound for a meeting of Asia-Pacific Economic Cooperation (APEC) organisation leaders overshadowed by fears of renewed global trade tensions under Donald Trump.Xi will join leaders from the United States and other Asia-Pacific nations in the Peruvian capital Lima for the APEC gathering, after which he will …

China’s Xi heads to Peru for APEC meeting shrouded in Trump fears Read More »

The Japanese owner of 7-Eleven is considering going private by buying back its own shares in a bid to avoid a takeover by Canadian rival Couche-Tard, reports said on Wednesday.Seven & i Holdings is eyeing the move as a countermeasure to Circle K owner Alimentation Couche-Tard’s seven trillion yen ($45 billion) takeover proposal, the Nikkei …

7-Eleven owner considers going private to avoid foreign buyout: reports Read More »