UPS prepares to buy TNT Express

Source: Bloomberg
United Parcel Service expanded its bid for TNT Express by 5.6% to EUR 5.16 billion to shelter the largest deal in UPS history and beat the offer from Deutsche Post AG. Atlanta-based UPS raised its offer price from EUR 9.0 a share to EUR 9.5 a share. TNT shares added 1.8% on the announcement in Amsterdam trading session. 
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Mon, 19 Mar 2012 12:54:36 GMT

Asian markets start the week mostly higher

Asian shares traded mostly in the positive territory on Monday as investors anticipated economic news from US. Nikkei 225 index gained 0.2%, South Korea's Kospi added 0.6% and Australian S&P/ASX 200 index soared 0.3%. Shanghai Composite index climbed 0.2% while Hong Kong's Hang Seng index bucked the upward trend and finished 1% down.

Mon, 19 Mar 2012 11:43:59 GMT

Nikkei 225 index reaches a record high since March 2011

Japan's Nikkei Stock Average modestly advanced on Monday, reaching a record high since earthquake in March 2011. Nikkei 225 index soared 0.19% or 18.69 points and closed at 10,148.52. The gains were limited as several electricity providers declined on news Citigroup Inc. lowered its recommendation on the utility companies. Kansai Electric slipped 4.2% and Tokyo Electric fell 3.6%. Strengthening Yen

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