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Capital Goods Industrial Conglomerates

  • *Deal would reduce intense competition in India- analysts. LONDON/ MUMBAI, Jan 30- Britain's Vodafone Group confirmed on Monday it was in talks to merge its Indian subsidiary with local rival Idea Cellular in an all-share deal that would create a new market leader better able to contest a brutal new price war. Last year the market was thrown into fresh turmoil with...

  • BRASILIA, Jan 30- The president of Brazil's Supreme Court, Carmen Lucia Rocha, approved plea bargain statements from 77 executives of engineering conglomerate Odebrecht under investigation for paying bribes in the country's biggest graft scandal, the court said on Monday. Prosecutors had asked Rocha not to hold up approval of the statements following the...

  • TOKYO, Jan 30- Mitsubishi UFJ Trust and Banking Corp is preparing to sue Toshiba Corp for 1 billion yen in damages after its share price tanked due to a $1.3 billion accounting scandal two years ago. The trust bank is seeking compensation on behalf of its client pension funds, a spokesman said on Monday. The development is an extra headache for the conglomerate...

  • MEXICO CITY, Jan 27- Billionaire Carlos Slim said on Friday that Mexico should not fear Donald Trump, seeing opportunities for his country in the U.S. president's economic policies, and praising Mexicans for uniting behind their government in talks with the northern neighbor. In a rare news conference, the telecommunications and construction mogul called...

  • In a rare news conference, the telecoms and construction mogul called Trump a negotiator, "not Terminator" and said his repeated attacks on Mexico had united the country, giving President Enrique Pena Nieto "strength" in trade and border security talks. "This is the most surprising example of national unity that I've had the pleasure of seeing in my life," Slim said,...

  • LIMA, Jan 27- Grana y Montero, Peru's biggest construction conglomerate, reported a fourth-quarter net loss of 130 million soles on Friday, citing corruption concerns about its partner that derailed a major project. Peru terminated the contract this week over a missed financing deadline amid a graft scandal involving Odebrecht S.A., capping months of...

  • TOKYO, Jan 27- Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division- the cause of its woes- was now under review. The drastic measures are set to be just some of the tough choices the Japanese conglomerate will have to take...

  • TOKYO, Jan 27- Toshiba Corp said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division- the cause of its woes- was now under review. The drastic measures are set to be just some of the tough choices the Japanese conglomerate will have to take...

  • TOKYO, Jan 27- Toshiba Corp's board on Friday approved plans to make its core memory chip business a separate company and seek outside investment in it, aiming to avoid being crippled by an upcoming multi-billion dollar writedown for its U.S. nuclear business. Toshiba is looking to sell roughly 20 percent for more than 200 billion yen and potential investors...

  • TOKYO, Jan 27- Toshiba Corp's board on Friday approved plans to make its core memory chip business a separate company and seek outside investment in it, aiming to avoid being crippled by an upcoming multi-billion dollar writedown for its U.S. nuclear business. Toshiba is looking to sell roughly 20 percent for more than 200 billion yen and potential investors...

  • CARACAS, Jan 26- Venezuela's chief state prosecutor said on Thursday an arrest warrant was being sought for someone suspected of taking bribes from Odebrecht, the Brazilian construction conglomerate linked to major corruption schemes across Latin America. According to a plea bargain agreement with U.S. authorities, Odebrecht and representatives paid...

  • CARACAS, Jan 26- Venezuela's chief state prosecutor said on Thursday an arrest warrant was being sought for someone suspected of taking bribes from Odebrecht, the Brazilian construction conglomerate linked to major corruption schemes across Latin America. According to a plea bargain agreement with U.S. authorities, Odebrecht and representatives paid...

  • CARACAS, Jan 26- Venezuela's chief state prosecutor said on Thursday an arrest warrant was being sought for someone suspected of taking bribes from Odebrecht, the Brazilian construction conglomerate linked to major corruption schemes across Latin America. According to a plea bargain agreement with U.S. authorities, Odebrecht and representatives paid...

  • CARACAS, Jan 26- Venezuela's chief state prosecutor said on Thursday an arrest warrant was being sought for someone suspected of taking bribes from Odebrecht, the Brazilian construction conglomerate linked to major corruption schemes across Latin America. According to a plea bargain agreement with U.S. authorities, Odebrecht and representatives paid...

  • PARIS, Jan 26- Holiday company Club Med, owned by Chinese group Fosun, plans to open 15 new resorts worldwide in the next three years, including one in China and one in Japan in 2017, and to upgrade nine of its existing sites. Fosun Group, China's largest private conglomerate, took control of Club Med in January 2015 after a fierce battle lasting nearly two years with...

  • MOSCOW, Jan 26- A joint venture between Russia's top gold producer Polyus and state conglomerate Rostec has bought the rights to develop Sukhoi Log, one of the world's largest untapped gold deposits, for 9.4 billion roubles. Russia competes with Australia for second place among the world's largest gold producers and has one of the world's largest gold reserves.

  • HANOI, Jan 26- Vietnam said on Thursday it would punish four officials over one of its worst environmental disasters, caused by a unit of Taiwan conglomerate Formosa Plastics, in the first action against government officials ten months after the accident. Formosa Ha Tinh Steel, which runs an $11- billion steel plant, polluted more than 200 km of coastline in April,...

  • Once Brazil's richest man, with a fortune calculated at about $35 billion less than five years ago, Batista has been hard hit by the crash in Brazil's decade-long commodities boom, which led to the collapse of his Grupo EBX- a conglomerate of mining, energy, shipbuilding and logistics companies. The "Car Wash" scandal has centered around the cozy relationship...

  • NEW YORK, Jan 25- After a brief lull, Wall Street resumed its rally this week, moving into stocks expected to benefit from U.S. *The average was created by Charles Dow and launched in 1896. It expanded to 20 components on Oct. 4, 1916.

  • PARIS, Jan 25- PSA Group will return to India by 2020, the French carmaker said on Wednesday after unveiling a modest production investment with CK Birla Group, the New Delhi- based conglomerate. The deals represent a "major step in PSA Group's worldwide profitable growth," Chief Executive Carlos Tavares said. PSA struck its partnership with the CK Birla Group, with...