ABB buys GE business for $2.6 billion in bet it can boost margins

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ABB buys GE business for $2.6 billion in bet it can boost margins

FILE PHOTO: The logo of Swiss power technology and automation group ABB is seen in Baden, Switzerland June 23, 2017. REUTERS/Arnd Wiegmann/File Photo.
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Looking up, Down Under: Australia to create space agency, 50 years after launching satellite

Half a century after sending a satellite into space aboard a rocket emblazoned with a spear-carrying kangaroo, Australia on Monday committed to creating a national space agency as it looks to cash in on the lucrative and fast-evolving astronautical sector.
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It's time to look at value differently

While accounting-based approaches have performed poorly, cash flow based approaches such as the one employed at Merlon Capital Partners have
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ForexLive Asia FX news wrap: German and NZ elections – Japan next?

Early movement here in Asia today with German and New Zealand weekend elections in the driving seat. The results were not too far from expectations.
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The British chip designer that Apple killed might soon be bought by a Chinese-backed fund

The China-backed private equity fund that Trump just blocked from buying a US semiconductor firm over national security grounds has speedily found another option—buy British.
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