The Federal Reserve left interest rates unchanged, and suggested it would not raise them at all this year (in December the Fed indicated rates might be lifted twice in 2019). It is also to slow the pace at which it shrinks its portfolio of Treasury holdings from May, and stop reducing its balance-sheet in September.
After months of speculation, DEUtsche Bank and Commerzbank said they would explore a merger. A combined entity would be Europe’s third-biggest bank and hold about one-fifth of German deposits. The German government is thought to favour a tie-up between the Frankfurt neighbours. A deal faces many hurdles, not least from unions opposed to the potential 30,000 job losses.
In one of the biggest deals to take place in the financial-services industry since the end of the financial crisis, Fidelity National Information Services, a fintech company, offered to buy Worldpay, a payment-processor, in a $43bn transaction. It is the latest in a string of acquisitions in the rapidly consolidating payments industry amid a shift to cashless transactions.
Lyft gave an indicative price range for its forthcoming IPO of up to $68 a share, which would value it at $23bn and make it one of the biggest tech flotations in recent years. Uber, Lyft’s larger rival, is expected to soon launch its IPO.
Bayer’s share price swooned, after another jury found that someone’s cancer had developed through exposure to a weedkiller made by Monsanto, which Bayer acquired last year. The German drugs and chemicals company has been under the spotlight since August, when a jury reached a similar verdict in a separate case.
Brother, can you spare a dime?
Anil Ambani avoided a three-month prison sentence when his brother, Mukesh, stepped in at the last minute to help pay the $77m that a court ordered was owed to Ericsson for work it did at Anil’s now-bankrupt telecoms firm. Anil Ambani, who was once ranked the world’s sixth-richest man, said he was “touched” by his brother’s gesture.
阿尼尔·安巴尼(Anil Ambani)托哥哥穆凯什·安巴尼的福，避免了三个月的监禁，穆凯什在最后时刻慷慨解囊，替他支付了法庭裁定的7700万美元的罚款，这笔钱是阿尼尔名下已破产的电信公司拖欠爱立信(Ericsson)公司的欠款。曾在全球富豪榜上排名第六的安尼尔·安巴尼(Anil Ambani)表示，他对哥哥的仗义相助十分“感动”。
AB InBev shook up its board, appointing a new chairman and replacing directors. The changes are meant to reassure investors that the brewer intends to revitalise its drooping share price and pay down the $103bn in net debt it accumulated in a spree of acquisitions. They also reduce the influence of 3G Capital, a private-equity firm that helped create AB InBev via several mergers. 3G’s strategy has been called into question by mounting problems at Kraft Heinz, another corporate titan it helped bring about.
百威英博(AB InBev)改组了董事会，任命了一位新董事长，并更换了董事。这些变化意在安抚投资者：这家啤酒制造商打算重振其不断下跌的股价，并偿还其在一系列收购中累积的1030亿美元净债务。这也降低了私募股权公司3G Capital的影响力，这家私募股权公司通过几宗并购帮助创建了百威英博。3G Capital的战略因卡夫亨氏(Kraft Heinz)不断增加的问题受到了质疑。卡夫亨氏是3G Capital帮助促成的另一家企业巨头。