SAO PAULO Chinese heavy machinery maker Xuzhou Construction Machinery Group Co Ltd [XCMGP.UL] is in talks with Brazilian engineering firm OAS SA [OAEP.UL] to form a joint venture for construction in Africa and Latin America, a person with direct knowledge of the matter said on Friday.
Kraft Heinz's bid has jolted Unilever into focusing more on delivering on its strategy in the short-term, the Anglo-Dutch company's finance chief said on Friday.
FRANKFURT General Motors has told PSA Group it would only sell licenses for the manufacture of Opel cars to the French company if it agreed not to sell them in North America, Russia or China, German magazine Der Spiegel reported.
TOKYO/TAIPEI Japan's Softbank Group and Taiwan's Foxconn will soon begin operating a joint venture that deepens ties between two of Asia's biggest technology companies, they said on Friday.
SEOUL Goldman Sachs and other shareholders said on Friday they had sold 100 percent of South Korea's second-largest producer of industrial gases to Asian private equity firm MBK Partners.
TOKYO Toshiba Corp , responding to media reports, said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 protection from creditors - an option analysts say could jeopardize the entire group.
HONG KONG China's securities regulator is considering offering a shortcut for some of the country's largest technology companies to list their shares, allowing them to jump a long line of applicants and boost domestic bourses, according to six people with knowledge of the proposals.
TOKYO Toshiba Corp said on Friday it is looking to sell a majority stake in its prized flash memory chip business to plug a hole in its finances from a $6.3 billion writedown of its U.S. nuclear unit.
LONDON/MADRID Chinese investment firm Legend Holdings and three groups of private equity funds are putting the finishing touches to rival bids for Allfunds Bank, a deal worth close to 2 billion euros ($2.11 billion), sources close to the matter told Reuters.
MUMBAI Japan's SoftBank Group on Thursday denied it was in talks with Vodafone Plc's Indian unit and Idea Cellular to pick up a stake in a potential merger between the two Indian wireless carriers.
WASHINGTON U.S. President Donald Trump's first budget proposal will spare big social welfare programs such as Social Security and Medicare from any cuts, Treasury Secretary Steven Mnuchin said in an interview broadcast on Sunday.