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Deals - Asia Headlines

Exclusive: China's XCMG, Brazil's OAS in joint venture talks, source says

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.

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No cuts to U.S. entitlement programs in Trump budget: Mnuchin

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.