MOSCOW - Philip Morris International Inc and Japan Tobacco Inc are buying 20 percent stakes for $750 million each in Russian distributor Megapolis, strengthening their grip on the world's No. 2 cigarette market after China.
- Walt Disney Co and BesTV New Media are to form a digital joint venture in China as the U.S. company aims for a share of the country's fast-growing entertainment business.
Tue, Dec 3 2013
ANKARA - Iraq and northern Kurdistan appear to have found a formula that will allow the autonomous region to export oil to Turkey in a new pipeline, a step towards resolving a long-running dispute over land and oil rights.
Mon, Dec 2 2013
- U.S. cinema chain AMC Entertainment Holdings Inc plans to raise as much as $368 million from an initial public offering of 18.4 million Class A shares.
DUESSELDORF/FRANKFURT - Germany's ThyssenKrupp said on Monday it had won an order from Singapore for two customized submarines to be built at its Marine Systems unit in the northern German city of Kiel.
MOSCOW - Shareholders in Russian fertilizer company Uralchem, controlled by billionaire Dmitry Mazepin, are buying a 20 percent stake in world No.1 potash producer Uralkali , Uralchem said on Monday.
MUMBAI - Swedish retailer Hennes & Mauritz has received final approval from India's Foreign Investment Promotion Board (FIPB) to invest 7.2 billion rupees ($115.2 million) in the country, according to a government statement on Monday.
BRUSSELS - ArcelorMittal's acquisition of a U.S. plant jointly with Nippon Steel & Sumitomo Metal Corp will not affect the world No. 1 steelmaker's debt targets, ArcelorMittal's chief executive said on Sunday. | Video
Sun, Dec 1 2013
HONG KONG - A recruitment firm looking to track down Asia's most highly prized investment bankers would normally begin searching in their natural habitat - Hong Kong.
BRUSSELS - ArcelorMittal's acquisition of a U.S. plant jointly with Nippon Steel & Sumitomo Metal Corp will not affect the world No. 1 steelmaker's debt targets, ArcelorMittal's chief executive said on Sunday.
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.