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Capital Goods Industrial Conglomerates

  • *Beijing relaxed foreign deal approval regime in October. HONG KONG, Feb 20- Overseas acquisitions by Chinese buyers are cooling after two record years as Beijing reins in capital outflows, but deals into China are on the rise, and new rules will make it easier for foreign buyers to tap China's giant consumer potential. Verlinvest, which manages funds for the...

  • HONG KONG, Feb 19- Hypermarket operator Sun Art Retail Group Ltd on Sunday posted a 5.2 percent rise in 2016 net profit, beating forecasts, as steady demand from lower-tier cities helped offset growing pressure from the rapidly growing e-commerce sector. The retailer, a joint venture between Taiwanese conglomerate Ruentex Group and French retailer Groupe...

  • HONG KONG, Feb 19- Hypermarket operator Sun Art Retail Group Ltd on Sunday posted a 5.2 percent rise in 2016 net profit, beating forecasts, as steady demand from lower-tier cities helped offset increasing pressure from the country's rapidly growing e-commerce sector. The retailer, a joint venture between Taiwanese conglomerate Ruentex Group and French...

  • SEOUL, Feb 18- Handcuffed and tied with white rope, the scion of one of the world's biggest conglomerates, Samsung Group, was taken on Saturday for questioning by South Korean authorities after spending a night in a small detention cell. Samsung Group chief Jay Y. Lee was arrested on Friday for his alleged role in a corruption scandal that has led to the impeachment...

  • *Original plan was to make Aramco "industrial conglomerate". *But this could make valuation more complex, lower. RIYADH, Feb 17- Saudi Arabia is considering two options for the shape of Saudi Aramco when it sells shares in the national oil giant next year: a global industrial conglomerate, and a specialised international oil company, industry and banking sources...

  • SEOUL, Feb 17- The arrest of Samsung Group scion Jay Y. Lee on bribery charges could hamper decisions on strategic investments and acquisitions at the sprawling conglomerate, insiders and former executives say, even with strong leadership at its many businesses. Although business at flagship Samsung Electronics is humming along, big calls will need to be made...

  • SEOUL, Feb 17- The arrest of Samsung Group scion Jay Y. Lee on bribery charges could hamper decisions on strategic investments and acquisitions at the sprawling conglomerate, insiders and former executives say, even with a strong leadership bench at its many businesses. Although business at flagship Samsung Electronics is humming along, big calls will need to...

  • SEOUL, Feb 17- A South Korean court on Friday ordered the arrest of Jay Y. Lee, the 48- year-old head of the Samsung Group, on suspicion of bribery and other charges in a corruption scandal that led parliament to impeach President Park Geun-hye. Prosecutors accuse Lee in his capacity as head of South Korea's largest conglomerate, or chaebol, of pledging 43 billion won...

  • *Hearings in President Park impeachment case to end Feb. 24. SEOUL, Feb 16- Samsung Group leader Jay Y. Lee left a Seoul court after more than eight hours on Thursday to await a decision on whether he will be arrested over his alleged role in a corruption scandal that has engulfed President Park Geun-hye. The 48- year-old Lee, wearing a dark coat and navy tie, kept his head...

  • BEIJING, Feb 16- Property investment by Chinese companies plunged in January as authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country's foreign exchange reserves. Investment by Chinese firms in offshore properties-- which has helped fuel sharp and often contentious home price rises...

  • SEOUL, South Korea— The billionaire heir to Samsung, South Korea's most successful and best known conglomerate, made his second attempt Thursday to block efforts by prosecutors to arrest him on bribery and other charges in connection with a corruption scandal that has engulfed the country's president. A court hearing on whether to issue an arrest warrant for...

  • BEIJING, Feb 16- Property investment by Chinese companies plunged in January as authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country's foreign exchange reserves. Investment by Chinese firms in offshore properties-- which has helped fuel sharp and often contentious home price rises...

  • *China's overseas property investment slumped 84 pct. BEIJING, Feb 16- China's non-financial outbound direct investment slumped in January and its offshore property purchases plunged after authorities tightened restrictions on capital outflows to support the ailing yuan currency and ease pressure on the country's foreign exchange reserves.

  • TOKYO, Feb 15- Toshiba Corp may delay the sale of its prized flash-memory chip unit after the conglomerate said it would consider selling most, even all, of the marquee business, a person with direct knowledge of the matter said. Changing the rules of the chip auction, which sources have said has generated bids of 200- 400 billion yen, could push the sale beyond...

  • TOKYO, Feb 15- Toshiba Corp has decided to delay the sale of shares in its chip business to the next financial year or later, Japan's Kyodo news agency reported on Wednesday, without citing sources. The Japanese conglomerate said on Tuesday it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • TOKYO, Feb 15- Japan's Toshiba Corp on Wednesday asked creditors for an extension of a waiver for a loan covenant violation until the end of March, financial sources who were briefed on the matter said. The request comes one day after the beleaguered conglomerate failed to deliver audited third-quarter earnings as scheduled, instead saying it needed more time...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • TOKYO, Feb 15- Shares in Toshiba Corp tumbled on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell more of its prized flash-memory chip business than planned to urgently raise funds. "Usually in a corporate turnaround plan, the company would keep its most competitive business after selling non-performing...

  • TOKYO, Feb 15- Shares of Toshiba Corp tumbled 10 percent on Wednesday morning after the electronics conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit, a writedown that wipes out its shareholder equity.