Money briefs

US raises India IP concerns

WASHINGTON - Indian Finance Minister Arun Jaitley said on Saturday that senior Obama administration officials had raised US concerns with him about India's handling of intellectual property (IP) rights during his visit to the United States last week.

While offering a mostly upbeat assessment of his trip, Mr Jaitley said discussions with US counterparts had also touched on contentious issues including US "concerns with regard to intellectual property regulations in India".

Mr Jaitley began a tour through New York and Washington last Tuesday which saw him holding talks with Treasury Secretary Jacob Lew and Commerce Secretary Penny Pritzker.

REUTERS

$63b takeover bid by insurer

NEW YORK - Anthem offered to buy smaller health insurer Cigna for about US$47 billion (S$63 billion) in what would be the industry's biggest takeover ever.

The non-binding proposal is for US$184 a share, about 31 per cent of which would be paid in Anthem shares and the rest in cash.

Anthem said on Saturday that the total transaction value is US$53.8 billion, including net debt.

BLOOMBERG

A version of this article appeared in the print edition of The Straits Times on June 22, 2015, with the headline 'Money briefs'. Print Edition | Subscribe