Asian stocks declined on Friday following a global market selloff overnight but upbeat data from China helped cap larger losses.» Read More
Electronics Corp for JPY 200 billion- NIKKEI. *The innovation network corp. of Japan to invest JPY 150 billion to acquire. *Toyota Motor Corp, Nissan Motor Co, Honda Motor Co, Denso Corp, Panasonic Corp, others to invest about JPY 50 billion combined-NIKKEI.
MILAN, Oct 12- Foreign investors have bought 70 percent of a 150 million-euro exchangeable bond issued by Italian holding company Camfin to repay debt, a source close to the matter told Reuters on Friday. The five-year bond is convertible into shares of tyre maker Pirelli, which is controlled by Camfin.
*Bond exchangeable into Pirelli shares. MILAN, Oct 12- Italian holding company Camfin, which controls Pirelli, has sold a well-received 150 million euro bond exchangeable into the tyremaker's shares. Pirelli shares, up 36 percent this year, were down 0.8 percent to 8.78 euros by 1320 GMT, while Camfin shares were down 4.4 percent to 0.4690 euro.
MILAN, Oct 12- Italian holding company Camfin, which controls tyremaker Pirelli, placed the entire amount of a fixed-rate 150 million euro bond convertible into Pirelli shares, said a person familiar with the matter. "The market was very receptive," said the person. "
*Bond is convertible into Pirelli shares. MILAN, Oct 12- Italian holding company Camfin, which controls tyremaker Pirelli, said on Friday it launched a fixed-rate 150 million euro bond convertible into Pirelli shares to pay back Camfin debt.
MILAN, Oct 12- Shares in Camfin, the parent company of tyremaker Pirelli, extended gains to rise nearly 5 percent in Milan in early trade on Friday. Camfin said on Friday it launched a fixed-rate 150 million euro bond convertible into 5.85 percent of Pirelli shares.
MILAN, Oct 12- Italian holding company Cafmin, which controls tyremaker Pirelli, said on Friday it launched a fixed-rate 150 million euro bond convertible into 5.85 percent of Pirelli shares. The Pirelli shares to be converted will be supplied by Camfin and will not therefore be newly issued.
The governor of Lombardy refused to resign over a widening graft scandal on Thursday but said he would appoint a new government for Italy's wealthiest and most populous region, adding to political disarray six months from general elections.
MILAN, Oct 8- The board of loss-making Italian real estate group Prelios will meet on Thursday, a person familiar with matter said, as it seeks to secure a rescue deal after being brought low by writedowns on property investments in a weak economy.
TELECOM ITALIA, TELECOM ITALIA MEDIA. Cairo Communications could present an offer for Telecom Italia Media, La Repubblica said on Saturday. Talks between Prelios and two rival bidders for a stake in the real estate company, Italian investment firm Feidos and U.S. asset manager Fortess, resume on Monday, Il Sole 24 Ore said on Sunday.
TELECOM ITALIA, TELECOM ITALIA MEDIA. Cairo Communications could present an offer for Telecom Italia Media, La Repubblica said on Saturday.
Every Wednesday, a bar in central Tokyo hosts an unusual speed-dating event. There are drinks and plenty of coy looks. But the young people at the bar aren’t here for romance. The NYT reports.
New car sales in recessionary Italy plunged 25.7 percent in September from the same month a year ago to 109,178 vehicles, Italy's Transport Ministry said on Monday.
MILAN, Oct 1- Contacts have been made with Italian and foreign investors interested in taking a stake in tyre maker Pirelli's main shareholder, Camfin, though nothing concrete is on the table, a holding company of the Pirelli chairman said on Monday.
Many Japanese have a sense that their country has outgrown an economic template based on constructing commodity goods, but they disagree over what should replace it. The New York Times reports.
Japanese chipmaker Elpida Memory, which has filed for bankruptcy protection, will draw up a rehabilitation plan within six weeks as it works to slash debt quickly to appeal to potential turnaround sponsors, the Nikkei said on Wednesday.
Western investors in Japan's disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid media reports that the firm's major creditors are set to install their own appointees in the top jobs.
Japanese companies Fujitsu and Panasonic plan to enter the European smartphone market as rivals Apple and Samsung have piled on the pressure in their previously isolated home market.
Happy Friday! Take a look at some of this morning's early movers:
While, 3D TV and tablets commanded center stage at the Consumer Electronics in years past, it looks like the PC is ready to make a comeback.