Microsoft plans to launch smartwatch within weeks: Forbes

Microsoft Corp. (MSFT.O) is preparing to launch a smartwatch within the next few weeks that will passively track a user's heart rate and work across different mobile platforms, Forbes reported on Sunday.

Africa

Egypt signs with six international firms to dredge new Suez Canal

Egypt signed contracts with six international firms on Saturday to carry out dredging of the new Suez Canal, the flagship project in President Abdel Fattah al-Sisi's program to revive an economy battered by years of political turmoil.

Banks to get instruction manual for submitting Libor quotes

Banks who submit quotes for compiling Libor interest rates will have to follow a manual of instructions to avoid a repeat of the rigging seen in the past, the benchmark's new administrator said on Monday.

Shire CFO to leave drugmaker as AbbVie drops bid

British drugmaker Shire (SHP.L) will lose its interim chief financial officer early next year to water supplier Severn Trent (SVT.L), the latest blow for Shire, whose proposed $55-billion acquisition by U.S. rival AbbVie (ABBV.N) was aborted last week.

Virgin Money postpones London stock market listing

UK lender Virgin Money has postponed its London stock market listing, the company said on Friday, delaying plans to raise around 150 million pounds ($241.5 million) in a float that could have valued the firm at 1.5-2 billion pounds ($2.4-3.2 billion).

Yahoo set to outline cost-cutting efforts

Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefed on the plan.

Spirit Pub in talks with Greene King on revised $1.16 billion offer

British pub chain Spirit Pub Company Plc (SPRTC.L) said its board was in talks with ale maker Greene King Plc (GNK.L) on a revised 109.5 pence-per-share takeover offer, valuing Spirit Pub at 723.3 million pounds ($1.16 billion).

IBM to pay Globalfoundries $1.5 bln to take chip unit off its hands -WSJ

IBM Corp has agreed to hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc, the Wall Street Journal reported, citing people familiar with the matter.

Brad Pitt's 'Fury' all the rage at U.S., Canada box office

Brad Pitt's gritty World War Two drama "Fury" conquered all box office foes over the weekend, ringing up $23.5 million in ticket sales at theaters in the United States and Canada.

Asian shares, dollar cheered by upbeat U.S. data

Asian stocks started the week on a brighter note on Monday, after solid U.S. data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy.

Qatar to buy $616 million stake in HK department store operator

Sovereign wealth fund Qatar Holding LLC has agreed to buy a HK$4.78 billion ($616 million) stake in Lifestyle International Holdings (1212.HK), operator of the SOGO department stores in Hong Kong and mainland China, Lifestyle said on Monday.

Investor group aims to buy Adidas' Reebok unit

An investor group that includes Jynwel Capital and funds affiliated with the Abu Dhabi government is launching a bid to buy Reebok from Adidas AG for about $2.2 billion, the Wall Street Journal reported Sunday.

Danone says board hadn't discussed Mead Johnson and not carrying out review

French foods group Danone SA said on Sunday it was not conducting a strategic review of assets and had not decided on any priority in terms of possible external growth possibilities.

Australia seeks to raise up to $4.8 billion in Medibank IPO: prospectus

Australian state-owned health insurer Medibank Private said it is planning an IPO that is seeking to raise between A$4.3 billion to A$5.5 billion ($3.7 billion to $4.8 billion).

Spain's FCC says board approves $1.3 billion rights issue

Spanish builder and services company FCC (FCC.MC) said on Sunday its board had approved a well-flagged capital increase of 1 billion euros ($1.3 billion) which it will use to pay down debt.

Standard Chartered readies to close thousands of UAE accounts as U.S. deadline looms

Standard Chartered (STAN.L) has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement.

Lufthansa cancels flights due to pilots strike; train stoppage strands millions

German airline Lufthansa (LHAG.DE) canceled 1,450 flights after a pilots union called for a strike on Monday and Tuesday, adding to travelers' misery after millions were left stranded by a weekend-long train drivers' stoppage.

Cliffs Natural to take $6 billion charge on coal, iron ore assets

Cliffs Natural Resources Inc (CLF.N) said it would write down the value of its coal and iron ore assets by $6 billion due to weak prices, putting it in breach of debt covenants and sending its shares down as much as 6.8 percent.

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