Bloomberg
Bloomberg
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In Asia's biggest buyout, Singapore's GLP sold to Chinese group for $11.6 b
GLP shares, which were suspended, surged 22% to S$3.29 after trading resumed in Singapore
 "In Asia's biggest buyout, Singapore's GLP sold to Chinese group for $11.6 b")
Axis Bank starts hunt for new chief executive
Executive search firm Egon Zehnder has been selected by the Axis Bank board to identify a new CEO
 "Axis Bank starts hunt for new chief executive")
Staples in $6.9-bn sale to PE firm Sycamore
Office-supply chain might re-emerge as modern seller of business services
 "Staples in $6.9-bn sale to PE firm Sycamore")
Samsung invests $1.9 bn in US ahead of Moon visit
Will spend $1.5 bn on semiconductor factory in Texas, $380 mn in South Carolina for home appliances
 "Samsung invests $1.9 bn in US ahead of Moon visit")
How Chinese rule has changed Hong Kong since 1997
As Xi Jinping visits the city, he faces questions on handover deal commitment and human rights
 "How Chinese rule has changed Hong Kong since 1997")
Rolls-Royce drivers are a lot younger than you think
The 111-year-old institution takes its sweet time on its stately, half-million-dollar cars
 "Rolls-Royce drivers are a lot younger than you think")
Anil Ambani's asset sale expands
Aims to raise over $4.5 bn to help reduce group debt, at least 3 times that
Philips to buy Spectranetics for $1.7 billion
The Dutch firm is moving more aggressively to bolster its growing health care business
 "Philips to buy Spectranetics for $1.7 billion")
Toshiba sues Western Digital for $1.1 billion
Toshiba claims Western Digital employees improperly obtained proprietary information
 "Toshiba sues Western Digital for $1.1 billion")
Alibaba to invest $1 billion more in Lazada to speed up Asian drive
The Chinese e-commerce firm took control of Lazada last year from Rocket in a $1-billion deal
 "Alibaba to invest $1 billion more in Lazada to speed up Asian drive")
Stay braced for two more Fed hikes in 2017: Economists
Economists expect a rate rise at the end of the Fed's two-day meeting on Wednesday
 "Stay braced for two more Fed hikes in 2017: Economists")
May faces furious UK lawmakers in test of strength
May's plans have been thrown into chaos along with UK's political landscape after election results
 "May faces furious UK lawmakers in test of strength")
GE's Immelt steps down as chief after 16 years
John Flannery will take over as CEO on August 1
 "GE's Immelt steps down as chief after 16 years")
Sensex drops most in 3 weeks, led by L&T
S&P BSE Sensex closed 0.5% lower, its steepest decline in nearly three weeks
 "Sensex drops most in 3 weeks, led by L&T")
Google execs hunker down for summer fight with EU as fines loom
Google is a top case for Vestager. It hasn't yet met with regulators to discuss a potential EU order
 "Google execs hunker down for summer fight with EU as fines loom")
The French are spinning American food
The results may not be authentic to the US, but are nevertheless grand
 "The French are spinning American food")
US stocks hit records, pound slides on UK vote
S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite Index hit record highs
 "US stocks hit records, pound slides on UK vote")
Oil demand rises most since note ban
Total fuel consumption rose 5.4 % to 17.79 million tonnes in May
 "Oil demand rises most since note ban")
Apple is working on a dedicated chip to power AI on devices
Other semiconductor makers have already introduced dedicated AI chips
 "Apple is working on a dedicated chip to power AI on devices")
G7 says Google, Facebook must step up efforts against terror
The show of unity comes as the UK is still on the highest alert for further terrorist attacks
 "G7 says Google, Facebook must step up efforts against terror")