chemchina is closer to its $43 billion acquisition of syngenta after the eu competition authority approved the deal him a but china's capital outflow restrictions could mean it is the last megadeal for quite some time. our gadfly columnist has more on this story from hong kong. are we sing this latest step by step towards the ultimate conclusion of this deal, why are they so key to chemchina? >> because i think these are the two big approvals that would have gotten the deal through. now they have the u.s., and in europe. you only have mexico, india, and china left. mexico and india have not stood in the way of big mergers. india has asked for concession sometimes, but generally they don't get in the way, whereas china once this deal. china has to cope with the basic dilemma. it has such a huge population and only 9% of the world's land. we have heard the sentiment coming through from chinese corporate, mumbling or capital controls have put a stop to their ability to do deals. is it really protectionism, or is it controls over currency being able to leave the country that is having that imp

us anti—trust regulators have given preliminary approval to chemchina's $15 billion takeover of swissnd seed giant, syngenta. however, the federal trade commission ruled that it would require chemchina to sell off its business interests in three chemical products to maintain competition in the market. the takeover would mark the largest overseas takeover by a chinese firm. uk chancellor philip hammond is on his final day of a two—day visit to india. he's there with mark carney, governor of bank of england and other financial sector leaders. today's he has been meeting india's fintech community and the head of india's cental bank. sameer hashmi is in mumbai. tell us more about how it is going today. well, we are here at a company in mumbai. the chancellor visited this place a few minutes ago. hejust left five visited this place a few minutes ago. he just left five minutes ago. he interacted with different start—ups, the start—ups are operating in the financial services space, that's one area where this delegation is focussing a lot because they have been trying to tell the indian gover

chemchina did buyout syngenta by u.s.as approved regulators.et's look at the risk radar this morning, i wanted to kick it off with oil because it's it interesting to see brent crude bollingerthrough the bands. just a sign of strength for grant, and we almost see wti going up through that as well. so brent crude of right now. we will get some data out right now, u.s. inventory data that will be very important to keep wille on and certainly help to steer it in one direction or the other regardless of the technical indicators. gold coming down just a little bit, but the key to keep an eye on gold as south africa goes through the turmoil, not only a safe haven in some senses for investors but huge commodity for that country. speaking of south africa, we do anna: winning the u.s. approval, still waiting for eu approval and chinese approval, so all these global regulators wanting to have their say and the u.s. telling the companies they were divest three types of pesticides in the u.s., so there are some strings attached to this approval. let's get t

chemchina's extended bit close on may 4. syngenta closing up almost 1%.: the japanese reconstruction minister has resigned of remarks he made about the devastating 2011 earthquake and tsunami. he said it was "good the disaster happened in that region." and said theacted disaster would have been far worse if it was around tokyo. shinzo abe condemned the comments. 2600 journalists scattered around the world, we have the world of business covered. hast, a new casino in macau and byt for wynn resorts an improvement in las vegas. wynn shares up by 4%, 3.4% at the moment. bloomberg intelligence joins us now. good news story for wynn resorts over all. >> much of that is attributed to a new resort they opened late last year. a comeback.ing first-quarter revenue up 13%, mostly driven by vip, up 17% versus mass at 8%. with the new premium oriented -- they are not stopping there. there will be more to cater to that demand. rishaad: i have to bring this chart up. wynn macau has been doing better #8089.s peers, wynn suffered the most us we had this crackdown on conspi

chemchina won u.s. approval of its takeover of syngenta. american antitrust regulators have given the go-ahead for the $43 billion deal on the suggestion that chemchina diverges of three products. >>> galliford try said they will no longer try to make a bid for bovis. galliford is the sick tecond to abandon takeover hopes of bovis. >>> frankfurt is reportedly winning the post-brexit battle of the banks. according to the "wall street journal" around 15 major banks are in talks with german officials about relocating to frankfurt. russia's second largest lender announced plans for a new headquarter in frankfurt. deutsche bank and goldman sachs said they could relocate staff to the german city. i guess that won't go down too well with paris, dublin, who else was vying for it? amsterdam. >> exactly. they have a lot to say. >> luxembourg. >>> we want to mention that you are watching some live pictures here of the european parliament debating the conditions and priorities for europe's upcoming brexit negotiations with the uk. mps will be voting la

. >>> chemchina is winning u.s.trurstrust approval to buy syngenta. >>> lockheed martin scoring pentagon approval for a $27 billion helicopter program. the company will begin production of 200 new heavy cargo helicopters for u.s. marines with an average cost of $87 million each. >>> brinker international announcing the resignation of its cfo, tom edwards. >>> time for our top trending stories. amazon will replace twitter for the home of the nfl thursday night gamesgames. this is a notable difference from twitter which broadcast them for free last season. amazon beat out twitter, facebook and youtube and paid 0 $50 million. the "wall street journal" reported that am sop had explored creating a premium sports package as an add-on option for prime members. big story. an ongoing trend. >> streaming sports. >> for these giant internet companies to take on the broadcasters, just bid up the prices for what is essentially the most quality content that you can have. >> yeah. changing viewer habits as well. >>> this one went

chemchina has won antitrust approval in the u.s..panies have been told to divest three pesticides as a condition for completing this 43 billion dollars bail. eu and chinese regulators are also in -- investigating. deutsche bank has seen several employees leave after paying out compensation for three years. banknuary, deutsche scrapped bonuses of its top executives and slashed variable pace of upper senior employees. a spokesman declined to comment. that is your bloomberg business flash. matt: i have pick it up from there, sebastian. staff at citigroup, goldman sachs and hsbc have volunteered to return to their native countries inside the eu should their employees need to relocate staff after brexit. global banks have begun the process of moving u.k.-based operations to new or expanded trading hubs -- trading hubs in the eu after article 50 was triggered. still what this is darren. -- is this just a bad sign for the u.k. post-brexit? is it all over? becauseations too high no one is pessimistic enough on what is going on in the u.k.? d

confident its agreement with chemchina will close on time.panies met with regulators to see if the merger will be subject to further investigation, or whether the commitments offered will be effective. extended bid closes on may 4. syngenta closed up almost 1%. resign oveready to the devastating earthquake and tsunami. he told someone it was good the disaster happened. he later retracted the comment, saying it would've been far worse if the earthquake had happened in tokyo. japan posts holdings to book a $3.6 billion charge on its investment in australia's logistic company. he later retracted thea $350 mi. a cut jobs in the first quarter and will ask 1400 more -- axe 1400 more in march. toll, given its significance in the asia-pacific, was a great ride -- buy. however, we miscalculated the state of the australian economy and paid too much. >> global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. down toe are counting major market opens in the asian pacific. let's head to

. >> said yes to chemchina's purchase of syngenta.onsanto out there waiting for the approvals and you have this close to fruition. now dupont and their agricultural businesses get together. it's going to be quite a reordering. >> yeah. >> guys, united shares are uno higher than they were -- are now higher than they were prior to the pr disaster. >> amazing because it comes at a a time that people are surprised. i looked at sdel that -- delta note and people didn't expect much. the reason people didn't expect much just so you know, there's so much worry about foreign travel from the middle east and whether that has hurt the airlines. it looks like judging from delta, not that badly. but people ratcheted down expectations. united continental obviously worst in show in this group. but i do think that the delta news was all -- people have to go over the lines to realize how low the expectations were. these -- this group is almost valued as low as the autos. and you get 77 versus 75 again. first quarter there talking about margins going on

. >>> chemchina is winning u.s. antitrust approval to buy syngenta. divest three pesticides. >>> lockheed martin scoring pentagon approval for a $27 billion helicopter program. the company will begin production of 200 new heavy cargo helicopters for u.s. marines with an average cost of $87 million each. that's a nice helicopter. >> yeah. very fancy. >>> six months ago atlantic city's trump taj mahal casino closed its doors for good. then candidate trump was no longer directly involved in the project. it had been taken over earlier in the year by carl icahn. now there are plans for a fresh start. a new hard rock hotel and casino on the property and a team ready to wade into turbulent waters in the atlantic city casino market. joining us are the partners in that investment, jim allen, chairman of hard rock international. jack morris, president and ceo of new jersey-based edgewood properties. >>> and joe gingoli, ceo of joseph gingoli & son. thank you very much for being here. >> thank you for having us. >> you start thinking about new development in atl

jonathan: michael, do you see a reality check that kicks in later this year -- chemchina continue-- canhina to show what we need to continue pressing on the pedal to stimulate the economy? michael: there are a couple things in your question to unpack. the recovery of china, only a year and half ago or so that china was driving the vix up to 46 and keeping it at elevated levels for several months. but what is very important, when pointlk about libby's about tax form and contextualize the u.s. equity rallies, it recognizes that this globally synchronized growth that we have been seeing over the last several months is a huge reason why the s&p has not given back these multiple gains since the election, right. emerging-market equities continue to be one of the classes.orming asset with respect to china and what we saw last night, which was very encouraging, of course, let's step back and put a reality check that a, it is china data, and 2, any of these prints can be not necessarily sustainable as a whole new trend. the structural issues in china are not going to go away just because they ha

approval is conditional on chemchina's offer to sell supportes to antitrust.ican bakery chain panera bread. adding to a food empire that includes krispy kreme doughnuts. i'm emma chandra. always a catalyst for conversation, this time it's deutsche bank, slashing bonuses for the second straight year. for executives have left the bank after it paid out its first compensation last month. stephen morris joins us now from london. it is that time of the year where if you are at a bank and you don't know what you are being paid, it's time to make a move. is that what we are seeing at deutsche bank? stephen: we are seeing this across places like barclays as well. germany's biggest lender has a whole host of other problems, which could of motivated executives to leave. it's concentrated in asia, an area of doubt a business going forward. it could be a combination of these this is a time of year where we see the most watching of jobs and investment banks after the bonuses hit bank accounts. jonathan: with the bonus call being cut come the talent is not happy. over at cr