Capital Goods Industrial Conglomerates

  • Still, the head of the GS Group, one of the nine conglomerate bosses summoned to appear at the unprecedented televised hearing, acknowledged that it was hard to say no to the government. "It's a South Korean reality that if there is a government request, it is difficult for companies to decline," said Huh Chang- soo, who heads the energy-to-retail GS Group and is also...

  • On the second day of the Shenzhen- Hong Kong stock link, Shenzhen- listed shares continued to outperform, with Shenzhen benchmark index ending up 0.2 percent. Piling up the pressure, the country's insurance regulator said it has taken regulatory measures against Foresea Life, a unit of Chinese financial conglomerate Baoneng Group, and Evergrande Insurance, a...

  • Still, the head of the GS Group, one of the nine conglomerate bosses summoned to appear at the unprecedented televised hearing, acknowledged that it was hard to say no to the government. "It's a South Korean reality that if there is a government request, it is difficult for companies to decline," said Huh Chang- soo, who heads the energy-to-retail GS Group and is also...

  • By Se Young Lee and Joyce Lee. Still, the head of the GS Group, one of the nine conglomerate bosses summoned to appear at the unprecedented televised hearing, acknowledged that it was hard to say no to the government. "It's a South Korean reality that if there is a government request, it is difficult for companies to decline," said Huh Chang- soo, who heads the...

  • SEOUL, Dec 6- The heads of South Korea's top conglomerates including the Samsung and Lotte Groups were questioned on Tuesday in an unprecedented parliamentary hearing into the political scandal that appears poised to bring down President Park Geun-hye. Samsung Group leader Jay Y. Lee, who sat at the centre of the witness table, said Park had asked him during a...

  • HONG KONG, Dec 6- Fosun International Ltd, China's biggest privately-owned conglomerate, is known globally for its bold dealmaking, including the tenaciously successful pursuit of French resort operator Club Med. In some cases, the internal teams of Chinese corporations far outnumber investment bankers at global banks in Asia. Goldman Sachs, for instance,...

  • MUMBAI, Dec 5- Ousted Tata Sons chairman Cyrus Mistry has reached out to shareholders of six Tata group companies, defending his position and laying out reasons why he should not be removed as director at their upcoming shareholder meetings. In a bitter boardroom coup Mistry was removed as chairman of Tata Sons in October and patriarch Ratan Tata has returned to...

  • *President Park faces impeachment vote on Friday. *Witnesses have combined net worth of $18 billion. SEOUL, Dec 5- The heads of nine of South Korea's top conglomerates controlling revenue equivalent to half the country's economy face an unprecedented televised grilling by lawmakers on Tuesday, as the glare from a widening political scandal falls on Korea Inc..

  • *President Park faces impeachment vote on Friday. *Witnesses have combined net worth of $18 billion. SEOUL, Dec 5- The heads of nine of South Korea's top conglomerates controlling revenue equivalent to half the country's economy face an unprecedented televised grilling by lawmakers on Tuesday, as the glare from a widening political scandal falls on Korea Inc..

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including family patriarch and Chairman Emilio Odebrecht and his jailed son and former CEO Marcelo...

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including family patriarch and Chairman Emilio Odebrecht and his jailed son and former CEO Marcelo...

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including family patriarch and chairman Emilio Odebrecht and his jailed son and former CEO Marcelo...

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including founding patriarch Marcelo Odebrecht and his jailed son and former CEO Marcelo Odebrecht,...

  • *Blackstone, KKR and Carlyle among bidders-Money Today. SEOUL, Dec 2- SK Holdings Co said it submitted a non-binding bid to buy South Korea's second-biggest producer of industrial gases that has been put up for sale by Goldman Sachs and others, in a deal a source said could be valued at around $2 billion. SK Holdings, a conglomerate holding company, made the...

  • SAO PAULO, Dec 1- Odebrecht SA, the engineering conglomerate that on Thursday agreed to a $2 billion leniency deal with prosecutors in Brazil's biggest graft case, is making progress selling assets and restructuring some businesses as part of a broad overhaul. In a statement, the company pledged not the engage ever again in improper business practices.

  • SAO PAULO, Dec 1- The oldest member of the family that controls Odebrecht SA has apologized to the staff of the engineering conglomerate for its involvement in Brazil's massive corruption scandal, following a decision on Thursday to sign a 6.7 billion-real leniency deal with prosecutors. In a letter to employees that Reuters obtained, Emilio Odebrecht said he...

  • Dec 1- A consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group Corp has neared a deal to buy McDonald's Corp's stores in China and Hong Kong for up to $3 billion, a source with direct knowledge of the matter said. Reuters had reported in October that U.S. buyout firms Carlyle and Bain Capital LLC had been the front runners among...

  • Dec 1- A consortium led by private-equity firm Carlyle Group and Chinese conglomerate Citic Group Corp has neared a deal to buy McDonald's Corp's stores in China and Hong Kong for up to $3 billion, a source with direct knowledge of the matter said. Reuters had reported in October that U.S. buyout firms Carlyle and Bain Capital LLC had been the front runners among...

  • Hamburg Süd, part of the Oetker Group, is the world's seventh largest container shipping line and operates 130 container vessels primarily in trade between the northern and southern hemispheres. Oetker Group is a family-owned German conglomerate involved in shipping, banking, food and beverages. "Giving up our engagement in shipping after an 80 year-long...

  • WASHINGTON, Nov 30- United Technologies Corp's Carrier unit said on Wednesday it got financial incentives from Indiana and a pledge from President-elect Donald Trump to improve the climate for business in the United States in exchange for keeping more than 1,000 jobs in the state rather than moving them overseas. The deal, an outline of which was announced...