Capital Goods Industrial Conglomerates

  • LONDON, June 28- Britain is heading for an economic disaster and Chinese investors have already pulled investments in the wake of Britain's vote to exit the European Union, Richard Branson, the boss of Virgin Group said. He also said some Chinese businesses were now reconsidering their business strategy in Britain. Warren East, chief executive of Rolls-Royce,...

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will look for more opportunities in the United Kingdom and Europe in the volatile wake of Britain's referendum vote to leave the European Union, the company's billionaire co-founder and chairman said at a Reuters Newsmaker event on Tuesday. Guo Guangchang, a self-styled student of U.S....

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will look for more opportunities in the United Kingdom and Europe in the wake of Britain's referendum vote to leave the European Union, the company's billionaire co-founder and chairman said during a Reuters Newsmaker event on Tuesday. So we are increasingly looking for development...

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will list U.S. property and casualty insurer Ironshore Inc "as soon as possible" this year, Guo Guangchang, the company's billionaire co-founder and chairman told Reuters ahead of a Reuters Newsmaker event in Beijing on Tuesday. He also said Fosun's interest in investing in the UK and Europe has...

  • June 27- General Electric Co said it would sell a bulk of GE Capital's U.S. restaurant franchise loan portfolio to three regional banks in separate deals as the industrial conglomerate winds down its financing arm to reduce regulatory burden. GE said it had signed GE Capital deals worth about $180 billion so far and that GE Capital expects to deliver about $35...

  • *India lifts restriction on flying overseas. NEW DELHI, June 23- Officially at least, Ratan Tata, patriarch of one of India's wealthiest business families, retired in late 2012. The $100 billion Tata group conglomerate is a major beneficiary of the decision last week to open up aviation in India, making it easier for start-ups to fly overseas sooner.

  • *India lifts restriction on flying overseas. NEW DELHI, June 23- Officially at least, Ratan Tata, patriarch of one of India's wealthiest business families, retired in late 2012. The $100 billion Tata group conglomerate is a major beneficiary of the decision last week to open up aviation in India, making it easier for start-ups to fly overseas sooner.

  • SANTIAGO, June 22- Chilean industrial and financial group Quinenco said in a press release on Wednesday that it had successfully issued 130.2 billion pesos in bonds. The highly diversified holding company said at least 50 percent of the funds raised will go toward new investments. Quinenco is one of the largest business conglomerates in Chile with...

  • TOKYO, June 22- SoftBank Group investors shrugged off on Wednesday the surprise departure of the heir apparent at the Japanese internet and telecoms conglomerate, welcoming founder Masayoshi Son's decision to stay in the top seat for longer. Nikesh Arora, a former Google executive, joined Softbank in 2014 and was named as the next chief executive by Son last...

  • JAKARTA, June 22- Sentiment at Asia's biggest companies climbed to its highest in a year in the second quarter of 2016, helped by signs that China's economy was slowly steadying, a Thomson Reuters/INSEAD survey showed. During the quarter, China reported a marginal decline in May imports that was far less than market expectations, reflecting a pick-up in...

  • TOKYO, June 21- SoftBank Group Corp said on Tuesday that President Nikesh Arora would resign as of Wednesday's shareholders meeting, less than two years since he joined the Japanese Internet conglomerate.

  • Commissioner Dave Jones faulted Berkshire's Applied Underwriters Inc and California Insurance Co units over the sale to Shasta Linen Supply Inc of a nontraditional workers' compensation policy whose terms and rates had not been reviewed by state officials. Jones said the policy sold by Applied essentially replaced a policy sold by California Insurance,...

  • NEW YORK, June 17- Mitsubishi Heavy Industries Ltd should have pushed harder to market its defense technology to win a $40 billion submarine sale to Australia, and is open to partnerships with U.S. defense companies, Chief Executive Shunichi Miyanaga said on Friday. In a wide-ranging interview with Reuters journalists, Miyanaga said the industrial...

  • ST PETERSBURG, June 17- Western investors are jostling with each other for position in Russia in anticipation of the moment when sanctions imposed over the Ukraine crisis are softened and they can do lucrative business again. Most are not yet coming with money and specific deals- at least, not in the same numbers as before the crisis- so the objective instead is to...

  • ST PETERSBURG, June 17- Western investors are jostling with each other for position in Russia in anticipation of the moment when sanctions imposed over the Ukraine crisis are softened and they can do lucrative business again. Most are not yet coming with money and specific deals- at least, not in the same numbers as before the crisis- so the objective instead is to...

  • ST PETERSBURG, June 17- Western investors are jostling with each other for position in Russia in anticipation of the moment when sanctions imposed over the Ukraine crisis are softened and they can do lucrative business again. Most are not yet coming with money and specific deals- at least, not in the same numbers as before the crisis- so the objective instead is to...

  • ST PETERSBURG, June 17- Western investors are jostling with each other for position in Russia in anticipation of the moment when sanctions imposed over the Ukraine crisis are softened and they can do lucrative business again. Most are not yet coming with money and specific deals- at least, not in the same numbers as before the crisis- so the objective instead is to...

  • *Lotte Group facing slush fund probe- sources. SEOUL/ LAKE CHARLES, La, June 14- South Korean prosecutors expanded their investigation into Lotte Group on Tuesday with raids on at least ten firms including its biggest listed unit Lotte Chemical, heaping further pressure on the country's fifth-largest conglomerate. But Lotte Group will revive Hotel Lotte's IPO...

  • *Lotte Group facing slush fund probe- sources. *Investigation seen hitting investor sentiment towards Korea Inc. SEOUL, June 14- South Korean prosecutors expanded their investigation into Lotte Group on Tuesday with raids on at least ten firms including its biggest listed unit Lotte Chemical, heaping further pressure on the country's fifth-largest...

  • *S.Korea prosecutors raid more Lotte Group firms. *Lotte Group facing slush fund probe- sources. SEOUL, June 14- South Korea's Lotte Group said prosecutors were conducting additional raids on at least ten units including Lotte Chemical, heaping further pressure on the sprawling beer-to-petrochemicals conglomerate.