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Capital Goods Industrial Conglomerates

  • *Potential buyers to be tapped in India, Japan, Middle East. SINGAPORE/ NEW DELHI/ BEIJING, Feb 21- China's Sinochem is exploring the sale of its 40 percent stake in Brazil's Peregrino offshore oilfield, four people familiar with the matter told Reuters, a deal that could see the state-owned conglomerate walk away what was once touted as a key overseas asset because...

  • QUITO, Feb 20- Ecuador's leftist government candidate Lenin Moreno looked set for victory on Monday in a presidential election, but slow results meant it may take days to know if he will face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among...

  • Feb 20- Acquire, slash costs, repeat. Billionaire investor Warren Buffet and buyout firm 3 G Capital's failed $143 billion bid to combine their food conglomerate Kraft Heinz Co with Unilever Plc shows their winning formula now needs a growth boost. "Perhaps Kraft will now acquire another medium-sized U.S. food company, like General Mills Inc, Kellogg Co, or...

  • QUITO, Feb 20- Ecuador's leftist government candidate Lenin Moreno looked set for victory on Monday in a presidential election, but slow results meant it may take days to know if he will face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among...

  • QUITO, Feb 20- Ecuadorean leftist government candidate Lenin Moreno looked set for victory in a presidential election but results still coming in on Monday meant he may face a runoff with former banker Guillermo Lasso. While Ecuadoreans are angry over an economic downturn and corruption scandals, the opposition split its votes among candidates and the...

  • ABU DHABI, Feb 20- Russia hopes to get around European Union sanctions by reaching a deal with Iran for the supply of gas turbine equipment for two power plants in Crimea, the head of Russian state defence conglomerate Rostec said on Monday. EU sanctions bar European individuals and companies from providing energy technology to Crimea, which was annexed by...

  • QUITO, Feb 20- Ecuadorean leftist government candidate Lenin Moreno was set for victory in a presidential election but results still coming in on Monday meant he may face a runoff with former banker Guillermo Lasso. In a nail-biter vote with eight candidates, Moreno was close to the threshold needed to avoid a second round on April 2 and continue a decade-long...

  • QUITO, Feb 20- Leftist government candidate Lenin Moreno was within striking distance of winning the first round of Ecuador's presidential election on Monday, as the Andean country's electoral body counted ballots late into the night. A couple of hundred opposition supporters congregated in front of the electoral council headquarters in Quito to demand...

  • QUITO, Feb 19- Leftist government candidate Lenin Moreno was winning Ecuador's presidential election on Sunday, partial results showed, and was close to the margin needed to avoid a runoff against conservative former banker Guillermo Lasso. In the event of a runoff, Ecuador's fragmented opposition is expected to coalesce around Lasso amid anger over an...

  • QUITO, Feb 19- Leftist government candidate Lenin Moreno was winning Ecuador's presidential election on Sunday, partial results showed, though he was just short of the margin needed to avoid an April runoff against conservative former banker Guillermo Lasso. In the event of a runoff, Ecuador's fragmented opposition is expected to coalesce around Lasso amid...

  • *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...