BEIJING China's Mobike said it has joined hands with Foxconn to double the number of bikes it plans to make this year to 10 million, adding that the Taiwanese manufacturing giant had also taken a stake in the bike-sharing start-up.
U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump's likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction in the next five years.
TOKYO Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to avoid being crippled by an upcoming multibillion-dollar writedown.
TOULOUSE Turboprop maker ATR has completed commercial negotiations with IranAir for the sale of at least 20 aircraft and expects to be able to sign a contract very soon, the head of the Franco-Italian aircraft maker said on Friday.
LONDON/TOKYO Royal Bank of Scotland has concluded agreements to sell at least $600 million worth of shipping loans from its portfolio as part of efforts to exit the sector, sources with direct knowledge of the deal told Reuters on Friday.
FRANKFURT Hakan Samuelsson, Chief Executive of Volvo Cars, said a stock market listing is an option for the Swedish carmaker, Germany's Manager Magazin said on Friday.
MUMBAI Fairfax Financial Holdings is in early talks to sell 25 percent of India's largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a new insurance joint venture, sources familiar with the matter said.
HONG KONG ING Life Korea, backed by private equity firm MBK Partners, plans to raise more than $1 billion in an initial public offering in 2017, IFR reported on Friday, citing a person close to the deal.
LONDON China's Tencent Holdings and hedge fund Hillhouse Capital, headed by billionaire Zhang Lei, are taking stakes in British insurer Aviva's Hong Kong business, the insurer said on Friday.
RYBNIK, Poland A consortium of Polish state-run energy firms will hopefully buy the Polish assets of France's EDF by the end of 2017, Deputy Energy Minister Grzegorz Tobiszowski said on Friday.
MOSCOW The Kremlin said on Monday it expected to soon agree a date for the first phone call between President Vladimir Putin and U.S. President Donald Trump, but that it had no information for now about when the two men might hold their first meeting.