Capital Goods Industrial Conglomerates

  • MUMBAI, Sept 30- A month into the job, India's new central bank governor will on Monday and Tuesday chair his maiden policy review, which for the first time will see a committee set interest rates, though views are divided on whether there will be any change this time round. If the six-member monetary policy committee is split over whether to hold or cut, Reserve Bank...

  • LOS ANGELES/ NEW YORK, Sept 29- Eleven years ago, media mogul Sumner Redstone declared "the age of the conglomerate is over" as he prepared to split old-school broadcaster CBS from the fast-growing Viacom Inc cable networks and the Paramount film studio. Now, the Redstone family's National Amusements, the controlling shareholder of Viacom and CBS Corp, wants the...

  • Efromovich had taken the loans to invest in shipyards in Brazil with his Synergy Group conglomerate, which provides oil exploration services and operates domestic airlines. Latin American airlines have been hit by economic woes and a slump in the value of currencies in the region, and have shifted flights away from countries such as Brazil and Venezuela to...

  • *Company hasn't paid installments since start of year- sources. DUBAI, Sept 29- Dubai- listed conglomerate Gulf General Investment Co is seeking to restructure loans linked to a 2.8 billion dirham debt plan which it agreed four years ago, banking sources told Reuters. More recently GGICO, 50 percent- owned by the Al Sari family from the emirate of Sharjah, requested...

  • *Japan nuclear industry hobbled by shutdowns after Fukushima. TOKYO, Sept 29- Three Japanese conglomerates are in talks to combine their loss-making domestic nuclear fuel operations, people with direct knowledge of the matter said, as the outlook for restarts of reactors following the Fukushima nuclear crisis remains bleak. Only three of Japan's 42 reactors...

  • *Japan nuclear industry hobbled by shutdowns after Fukushima. TOKYO, Sept 29- Three Japanese conglomerates are in talks to combine their loss-making domestic nuclear fuel operations, a person with direct knowledge of the matter said, as the outlook for restarts of reactors following the Fukushima nuclear crisis remains bleak. Public opposition as well as...

  • Syed Faisal Albar Syed Ali Rethza Albar, managing director of conglomerate DRB-Hicom, says it will remain a "substantial" shareholder of Proton but doesn't rule out selling a majority stake. DRB-Hicom, which is involved in the auto, banking, services and property sectors, took over Proton from the government in 2012 but has failed to resuscitate the carmaker.

  • KUALA LUMPUR, Sept 28- Malaysian conglomerate DRB-Hicom said on Wednesday it was looking at five proposals from foreign bidders for a stake sale in car maker Proton, but said it would continue to have a "substantial" holding. Managing director Syed Faisal Albar Syed Ali Rethza Albar declined to name the firms that have shown an interest. "We are at the stage of trying...

  • SKorea Strike

    South Korea's corporate earnings have not seen much growth in recent years, while wage growth has been limited, says Kiwoom Securities' Daniel Yoo.

  • SEOUL, Sept 27- A South Korean court will hold a hearing on Sept. 28 to decide on prosecutors' request for an arrest warrant against Lotte Group chairman Shin Dong- bin, a judge said on Tuesday, following a criminal probe of the retail-to-chemicals conglomerate. The court will hear on Wednesday Shin's responses to the submission from prosecutors that they suspect...

  • SEOUL, Sept 26- South Korean prosecutors asked a court on Monday to approve an arrest warrant for the chairman of the Lotte Group conglomerate on suspicion of embezzlement and breach of trust, a prosecution source with direct knowledge of the matter said. The arrest warrant request comes after Lotte Chairman Shin Dong- bin, 61, was questioned by prosecutors in an...

  • BUENOS AIRES, Sept 23- Even though new rules have not yet been implemented, telecom companies in Argentina are preparing for a more competitive market as the government expects reforms to attract $20 billion in investments over four years. Telecom Argentina and Telefonica de Argentina have announced investments in recent months, while Argentina's largest...

  • SHANGHAI, Sept 23- Chinese conglomerate Dalian Wanda Group will market Sony Pictures' films and co-finance some upcoming movie releases of Sony Corp's film unit in China, which is forecast to become the world's top movie market as soon as next year. Wanda, owned by China's richest man, Wang Jianlin, and Sony announced a deal on Friday under which Sony Pictures will...

  • SHANGHAI, Sept 23- Chinese conglomerate Dalian Wanda Group Co will help market movies of Sony Corp's film unit in China under a deal that will also see them co-finance some projects, including Sony Pictures' upcoming movie releases in the world's second largest economy. China's richest man Wang Jianlin, who started Wanda as a property developer in China's...

  • BEIJING— China's Dalian Wanda Group and Sony Pictures Entertainment Motion Picture Group have formed a partnership to cooperate on multiple big-budget movies, marking another step into the global film industry by the Chinese conglomerate. Wanda, which already owns AMC Theaters and bought Legendary Entertainment for $3.5 billion in January, said it would...

  • OMAHA, Neb.— Investor Warren Buffett doesn't plan to discuss the employee misconduct at Wells Fargo before November even though his Berkshire Hathaway conglomerate owns roughly 10 percent of the bank. Berkshire has been Wells Fargo's largest shareholder, and in the past Buffett has praised the bank's CEO, John Stumpf. Buffett's refusal to comment on Wells...

  • COPENHAGEN, Sept 22- The world's biggest shipping firm, A.P. Low freight rates and oversupply have rocked the container shipping sector, with South Korea's Hanjin Shipping Co Ltd forced into receivership last month, stranding an estimated $14 billion in cargo on its ships. Estimates for the sum of the parts vary, with Denmark's Sydbank saying the Transport and...

  • *Vodafone faces increased competition in India. The British group's subsidiary is India's second-biggest carrier by customers and revenue. India's already competitive telecoms landscape is set to be further roiled by the entry of conglomerate Reliance Industries, controlled by India's richest man Mukesh Ambani.

  • COPENHAGEN, Sept 22- Rocked by low freight and oil prices, Denmark's A.P. But some said the $30 billion company had not gone far enough. "It might be one of the most pain-free solutions relative to other scenarios, but they could have gone even further," Nykredit analyst Ricky Rasmussen said on Thursday.

  • COPENHAGEN, Denmark— Danish conglomerate A.P. Moller-Maersk A/S is splitting its massive container shipping operations and its energy business into separate companies, in a major shakeup that follows years of declining oil prices and freight rates. A.P. Moller-Maersk raised the possibility of separating its oil units from the group through joint ventures,...