Private Equity - Asias Headlines

Outlook clouds for U.S.-China deal on audit inspections

NEW YORK - The top U.S. auditor regulator said negotiations with China to inspect audit firms there have reached a “difficult and frustrating place,” the latest hitch in a long-sought agreement to address faulty corporate audits in that country.

4:23pm EST

Novartis selling nicotine patch to win U.S. nod for GlaxoSmithKline deal: FTC

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WASHINGTON - Switzerland's Novartis AG has agreed to sell its nicotine patch, Habitrol, in order to win U.S. antitrust approval for a consumer healthcare joint venture with Britain's GlaxoSmithKline, the U.S. Federal Trade Commission said on Wednesday.

Deals, Health 2:22pm EST

Tue, Nov 25 2014

Samsung Group sells shares in chemical, defense arms for $1.7 billion

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SEOUL - South Korea's Samsung Group said on Wednesday it is selling stakes in four chemical and defense firms for 1.9 trillion won ($1.72 billion) to Hanwha Group, the latest move in the massive task of restructuring the country's largest conglomerate.

Tech, Deals, South Korea 25 Nov 2014

Hanwha Group to acquire Samsung chemical, defense units: source

SEOUL - South Korean conglomerate Hanwha Group will acquire defense firm Samsung Techwin Co Ltd and three other Samsung Group affiliates, a person with direct knowledge of the matter said on Wednesday.

25 Nov 2014

Visteon in talks to sell South Korean unit to local PE firm

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SEOUL - U.S. automotive parts maker Visteon Corp was in talks to sell a controlling stake in its South Korean unit Halla Visteon Climate Control Corp to a local private equity firm, Halla Visteon said in a regulatory filing on Tuesday.

25 Nov 2014

Mon, Nov 24 2014

Samsung Electronics wins $3 billion Vietnam project license

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HANOI - South Korea's Samsung Electronics Co Ltd has secured a license to invest $3 billion to expand its production in northern Vietnam, the Vietnamese government said.

Tech, Deals 24 Nov 2014

ASML sees sales at 10 bln euros in 2020 if Moore's Law slows

AMSTERDAM/FRANKFURT - ASML , the world's second largest maker of semiconductor production equipment, said on Monday it could nearly double annual sales to 10 billion euros ($12 billion) by 2018 -- or up to two years later if customers put off buying its latest machines.

24 Nov 2014

BT lines up O2 and EE in quest for British telecoms supremacy

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LONDON/MADRID - Britain's BT Group has been approached by O2 owner Telefonica and the parents of O2's bigger rival EE to discuss competing multibillion-pound deals to create a powerhouse in fixed-line broadband, mobile and TV.

24 Nov 2014

Visteon eyes $3.6 billion sale of South Korean unit: reports

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SEOUL - U.S. automotive parts maker Visteon Corp has signed a preliminary deal to sell its controlling stake in South Korea's Halla Visteon Climate Control Corp to a local private equity firm for $3.6 billion, Korean media reports said.

Deals, South Korea 24 Nov 2014

CP Group says keen to buy Tesco's Thai operations if put up for sale

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BANGKOK - Charoen Pokphand Group (CP), Thailand's largest agribusiness conglomerate, is keen to buy Tesco Plc's operations in the Southeast Asian nation if the British retailer decides to sell, the group's chairman said on Monday.

24 Nov 2014
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Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.