Capital Goods Industrial Conglomerates

  • SEOUL, South Korea— Hanjin Shipping is to receive as much as $100 million in additional funds to resolve the cargo crisis caused by its slide toward bankruptcy. Korean Air and Hanjin Shipping are part of Hanjin Group, one of the largest business conglomerates in South Korea. The state-owned bank said its credit line will be used only when other available funds...

  • COPENHAGEN, Sept 22- Rocked by low freight and oil prices, Denmark's A.P. Moller-Maersk will split into separate transport and energy divisions under a keenly-anticipated revamp announced on Thursday. Maersk Line chief executive Soren Skou, promoted to CEO of the entire company in June, will lead the restructuring and the company has appointed a new group...

  • High quality tech start ups in Russia: Sistema CEO

    Mikhail Shamolin, CEO of Sistema, discusses Sistema's diversification to build up its portfolio.

  • COPENHAGEN, Sept 22- Danish shipping and oil conglomerate A.P. Moller-Maersk said on Thursday it will separate its businesses into separate transport and energy divisions in a bid to better tackle the problems facing its struggling businesses. The 112- year-old group said in June it had asked new chief executive Soren Skou to look into potentially breaking...

  • ATHENS, Sept 21- Greece on Wednesday ratified a 7 billion-euro plan to turn a derelict former airport into one of Europe's biggest coastal resorts, as agreed with international lenders as a condition of fresh bailout aid. One abandoned plan was to create a financial district similar to London's Canary Wharf. Backed by Chinese conglomerate Fosun, an Abu Dhabi-...

  • TORONTO, Sept 21- The province of Ontario said on Wednesday that it has signed an agreement with equity fund Bedrock Industries LP to restructure U.S. Steel Canada, which has been in creditor protection since September 2014, and the court supervising the company's credit protection proceeding, Ontario's government said in a statement. Steel Canada's plants in...

  • SEOUL, South Korea— South Korean prosecutors questioned Lotte Group's chairman, Shin Dong- bin, on Tuesday in a corruption probe at the country's fifth-largest business group. Lotte started as a chewing gum company in Japan in 1948 but now operates businesses in chemicals, food, shopping and hotels, including South Korea's largest discount and department store...

  • SAO PAULO, Sept 19- A Brazilian state appeals court postponed on Monday a vote on the legality of several aspects of Grupo OAS SA's restructuring plan for at least a couple of weeks, adding uncertainty to efforts by the debt-laden engineering conglomerate to emerge from bankruptcy protection. The ongoing delay in the plan has halted the surrender of OAS's stake...

  • NEW YORK, Sept 19- U.S. industrial conglomerate General Electric Co will invest $10 billion in Argentina over the next decade, Vice Chairman John Rice said on Monday, the latest foreign company to announce new plans since President Mauricio Macri took office. GE has already invested $1.2 billion alongside local partners and customers in the past four months, the...

  • SEOUL, Sept 18- Tech giant Samsung Electronics Co Ltd said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technology Plc to free up money for additional investments for its core businesses. A term sheet seen by Reuters on Sept. 8 showed Samsung was selling about half of its stake in ASML for 606 million euros. Samsung Electronics...

  • SEOUL, Sept 18- Tech giant Samsung Electronics Co Ltd said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technology Plc to free up money for additional investments for its core businesses. Samsung declined to disclose financial details or when the shares were sold, but a term sheet seen by Reuters last week showed it was selling...

  • BUENOS AIRES, Sept 16- Executives applauded the opening of Argentina's economy at a major business forum in Buenos Aires this week but many said they are looking for improved infrastructure, more flexible labor laws and other reforms before committing investments. Argentina's oil sector, blessed with one of the world's largest shale reserves, faces one of the...

  • BUENOS AIRES, Sept 16- Executives applauded the opening of Argentina's economy at a major business forum in Buenos Aires this week but many said they are looking for improved infrastructure, more flexible labor laws and other reforms before committing investments. Argentina's oil sector, blessed with one of the world's largest shale reserves, faces one of the...

  • WASHINGTON, Sept 15- Myanmar leader Aung San Suu Kyi urged businesses to invest in the Southeast Asian country on Thursday as a way to advance its democratic transition, a day after U.S. "Economic success is one of the ways that we can persuade everyone in our country, including the military, that democracy is the best way forward for our union," Suu Kyi told a dinner of...

  • REDWOOD CITY, Calif., Sept 15- Carbon, a Silicon Valley startup that is developing 3 D printers to produce medical devices and car parts on demand, said on Thursday it had closed on $81 million in funding that brought the total it has raised to $222 million. Founded in 2013, Carbon said the funding round was led by automaker BMW Group, industrial conglomerate General...

  • A man stands infront of a McDonald's restuarant in Tianjin, China on February 2, 2015. McDonald's has received more than half a dozen bids for its planned sale of China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina in a deal worth about $3 billion.

    McDonald's has received final bids from at least three groups for its China and Hong Kong outlets.

  • TOKYO, Sept 15- Japanese trading house Mitsubishi Corp on Thursday said it is considering raising its stake in convenience store operator Lawson Inc to make it a subsidiary, in a deal worth about 140 billion yen. With a 33.4 percent stake as of earlier this year, Mitsubishi Corp, Japan's largest conglomerate whose businesses range from steel processing to salmon...

  • HONG KONG, Sept 15- Fast-food giant McDonald's Corp has received final bids from at least three groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital separately teaming up with Chinese partners for the business worth up to $3 billion, sources told Reuters. Carlyle has joined with Chinese state conglomerate...

  • TOKYO, Sept 15- Japanese trading house Mitsubishi Corp on Thursday said it is considering raising its stake in convenience store operator Lawson Inc to make it a subsidiary, in a deal worth about 140 billion yen. With a 33.4 percent stake as of earlier this year, Mitsubishi Corp, Japan's largest conglomerate whose businesses range from steel processing to salmon...

  • HONG KONG, Sept 15- Fast-food giant McDonald's Corp has received final offers from at least three bidding groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital teaming up with Chinese partners for the business worth up to $3 billion, sources told Reuters. Carlyle has joined with Chinese state conglomerate...