Jonathan Braude is a senior writer in The Deal's London bureau, where he covers M&A and private equity across the U.K. and Europe. He also provides early morning European markets coverage for TheStreet. Prior to joining The Deal, Braude was a writer, political reporter and columnist for the South China Morning Post in Hong Kong and, before that, worked in Brussels, covering the European Union and NATO. He has written for a number of print and broadcasting outlets including the BBC, The Times of London and Jane's Defense Weekly. Braude speaks German, French and Hebrew and reads Spanish and Dutch.
IBM divests a portfolio of stand-alone software products as it strengthens its focus on artificial intelligence, cloud computing and other high-value growth segments, such as cybersecurity.
With Chinese and Korean markets closed for the Lunar New Year, Japan was the center of attention in Asia and the nomination of Bank of Japan governor Haruhiko Kuroda for another term helped support the market. European stocks also opened in positive territory
French dairy giant Danone says it generated very strong sales growth in 2017, and helped by the acquisition of WhiteWave will focus on improved growth and margins in 2018.
Japanese, Hong Kong and European markets continue Wednesday's Wall Street rally.
Swiss food giant Nestle delivers earnings that it says are below its own expectations, although still within the guided range. But it forecasts more encouraging growth in 2018 as it says it plans to keep its Gerber baby food business, while putting the Gerber life insurance unit up for sale and will not increase its stake in L'Oreal.
Sales of the majority taxpayer-owned Royal Bank are set to start before March 2019 and could raise about $20 billion for the government over five years. But that's a fraction of what the government paid when it bailed the bank out in the financial crisis.
German automaker VW takes another $3.0 billion write down on the cost of its diesel cheating scandal, yet the share rises on better sales forecast.
Blue Apron competitor HelloFresh sets pricing range for its November IPO, with target valuation of up to $1.76 billion
Daimler wants to separate its Mercedes cars from its Daimler trucks and buses divisions, but has no plans to divest.
The Competition and Markets Authority sets out the scope of its investigation into media plurality and the commitment to broadcasting standards and opens an inquiry to submissions by the public and rival companies.
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