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Capital Goods Industrial Conglomerates

  • TOKYO, Feb 24- Japanese conglomerate Toshiba Corp said on Friday it was not aware that its U.S. nuclear unit Westinghouse was considering filing for Chapter 11 bankruptcy protection. A Chapter 11 filing could help Toshiba draw a line under a decade-long U.S. nuclear venture that has pushed the Japanese group to the brink, forcing it to offer a majority stake in its...

  • The flagship of South Korea's top conglomerate Samsung Group has been at the centre of an influence-peddling scandal that led South Korea's parliament to impeach President Park Geun-hye in December. Jay Y. Lee, third-generation leader of Samsung Group and Samsung Electronics' vice chairman, was arrested last week after being named a suspect by the South...

  • NEW YORK, Feb 23- Warren Buffett, widely considered one of the world's best investors, is likely to tout the merits of passive investing this weekend to readers of his annual letter to Berkshire Hathaway Inc shareholders. The letter, slated for release around 8 a.m. EST on Saturday, will probably focus on familiar themes for the 86- year-old Buffett, with many...

  • DUBLIN, Feb 23- Packaging conglomerate Ardagh Group is well advanced with plans to launch an initial public offering and intends to float on the New York Stock Exchange later this quarter, chairman Paul Coulson said on Thursday. The Luxemburg- based supplier of glass and metal containers, controlled by Irish billionaire Coulson, said last year that it planned to...

  • HANOI, Feb 22- Vietnam on Wednesday named for the first time 11 government, provincial and industry officials as being responsible for one of its worst environmental disasters, caused by a unit of Taiwan conglomerate Formosa Plastics. The Communist Party Inspection Commission's announcement, carried by the government news website, is the first time Vietnam...

  • *Toshiba urged by banks to sell majority of chip unit- sources. TOKYO, Feb 21- Japan's Toshiba Corp wants to raise at least 1 trillion yen by selling most of its flash memory chip business, seeking to create a buffer for any fresh financial problems, a source with direct knowledge of the matter said. The beleaguered conglomerate was pressured to abandon an initial...

  • *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 from what was once touted as a key overseas asset...

  • *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...