TOKYO Takata Corp's two remaining bidders plan to propose a court-mediated turnaround for the Japanese operations of the troubled auto parts maker, the Nikkei business daily reported on Thursday.
Mondelez International Inc said on Wednesday it will sell most of its grocery business in Australia and New Zealand, including the popular Vegemite food spread brand, to Bega Cheese Ltd for A$460 million ($345.28 million).
LONDON A regulatory crackdown has failed to prevent merger and acquisition (M&A) deals being leaked before their official announcement, a survey showed on Thursday, suggesting potential benefits of unauthorised disclosures outweigh the risks.
MILAN/MOSCOW Russian state oil producer Rosneft said Western sanctions had stopped it building up its stake in Italian refiner Saras, forcing it to sell the stake two years after buying it.
DUBAI Qatar National Bank , the largest bank in the Middle East and Africa by assets, is raising a $1 billion, three-year syndicated loan in the Asian bank market, sources familiar with the situation said on Wednesday.
TOKYO Toshiba Corp wants to sell a minority stake in its core semiconductor business and is considering potential buyers including U.S. partner Western Digital Corp , a source said, as the Japanese group prepares for a multi-billion-dollar writedown.
MOSCOW Russian oil producer Lukoil will adjust its oil output plan for 2017 to conform with a global deal on cutting production, TASS news agency quoted Lukoil Chief Executive Vagit Alekperov as saying on Wednesday.
MUMBAI Affiliates of private equity firm Warburg Pincus have bought a 14 percent stake in India's largest multiplex chain PVR Ltd for 8.2 billion rupees ($120.5 million), PVR said on Wednesday.
MOSCOW The acquisition of a 19.5 percent stake in Russia's Rosneft oil firm was paid for by foreign companies, Tass news agency quoted Andrei Kostin, Chief Executive of Russian state lender VTB , as saying on Wednesday.
TOKYO Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday.
WELLINGTON New Zealand accounting software firm Xero Ltd said on Thursday that its chairman, Chris Liddell, would resign after accepting a position as an assistant to U.S. president-elect Donald Trump.