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Capital Goods Industrial Conglomerates

  • *Concerns that Reliance Jio suffered data breach. *Jio has repeatedly denied a breach took place. MUMBAI, July 14- Fears Indian telecom upstart Reliance Jio suffered a major data breach, compromising the personal data of over 100 million customers, have prompted calls for India to adopt more robust laws to protect consumers.

  • *Food business set to be more exposed to Russia. FRANKFURT, July 13- German retailer Metro completed its split into two companies on Thursday as its food business and consumer electronics division started trading independently on the Frankfurt and Luxembourg stock exchanges. Shares in the Metro food business traded at 19.47 euros by 0735 GMT, while those of the...

  • FRANKFURT, July 13- German retailer Metro completed its split into two companies on Thursday as its food business and consumer electronics division started trading independently on the Frankfurt and Luxembourg stock exchanges. Shares in the Metro food business traded at 19.70 euros by 0709 GMT, while those of the consumer electronics business, to be renamed...

  • *Ceconomy CEO says wants to drive consolidation. DUESSELDORF, July 12- A German court gave retailer Metro the green light on Wednesday to split its food business from its consumer electronics division, a move it hopes will allow the independent companies to pursue more acquisitions. "Ceconomy will drive the transformation and consolidation of consumer...

  • HONG KONG, July 12- China CITIC Bank International, the offshore banking arm of conglomerate CITIC Group, is selling $2.8 billion of its Asian loan portfolio including financing it extended to ChemChina, Fosun International and China Evergrande Group, Thomson Reuters Basis Point reported on Wednesday. Hong Kong based CITIC Bank International has put 51 Asia...

  • *Toshiba confirms it is in talks with other suitors. TOKYO, July 11- Toshiba Corp is in talks with Western Digital Corp and Taiwan's Foxconn, as well as with an already preferred bidder, as it seeks to revive a stalled $18 billion sale of its chip business, banking sources said on Tuesday. The Japanese conglomerate confirmed it was in talks with suitors, but did not name...

  • TOKYO, July 11- Toshiba Corp told its creditor banks it is in talks with Western Digital Corp and Taiwan's Foxconn over the $18 billion sale of its prized chip unit in addition to its preferred bidder, banking sources familiar with the matter said on Tuesday. The crisis-wracked conglomerate later confirmed it was in talks with other suitors as it had not been able...

  • HONG KONG, July 10- Exiled Chinese tycoon Guo Wengui is suspected of obtaining confidential client data of aviation-to-financial services conglomerate HNA from air traffic control and airline staff, the official Xinhua news agency reported, citing Chinese police. Chinese-born Guo, now based in New York, has unleashed a torrent of corruption allegations...

  • NEW DELHI, July 9- India is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the loss-making flagship carrier, several government officials familiar with the situation said. Air India- founded in the 1930 s and known to generations of Indians for its Maharajah mascot- is saddled with a...

  • SHANGHAI, July 6- Chinese conglomerate Fosun saw shares in its listed units fall on Thursday, prompting it to refute online rumors that it had lost contact with its billionaire chairman, Guo Guangchang. The firm said in a statement Guo was in Shaanxi province giving a speech in the city of Xi'an and that online reports he had gone missing were "sheer rumor and...

  • SHANGHAI, July 6- Chinese conglomerate Fosun saw shares in its listed units fall on Thursday, prompting it to refute online rumours that it had lost contact with its billionaire chairman, Guo Guangchang. The firm said in a statement Guo was in Shaanxi province giving a speech in the city of Xi'an and that online reports he had gone missing were "sheer rumour and...

  • HONG KONG, July 6- Japan's SoftBank Group Corp is targetting raising between $3 billion and $5 billion through an offering of U.S. dollar bonds, according to a person familiar with the plans. The bond offering comes after the telecoms-to-investment conglomerate announced raising the world's largest private equity fund the nearly $100 billion Vision Fund...

  • A billionaire with links to China's Communist Party elite, Xiao vanished earlier this year. He was last seen in the early hours of Jan. 27, leaving the Four Seasons Hotel in Hong Kong in a wheelchair with his head covered, accompanied by several people described in media reports as mainland Chinese agents. The same two sources said Tomorrow had set up an internal...

  • ZURICH, July 4- Activist investor Keith Meister's Corvex hedge fund and New York's 40 North said on Tuesday they had taken a 7.2 percent stake in Clariant to fight the Swiss chemical maker's planned merger with Huntsman Corp. Meister, a Carl Icahn protege, with Corvex manages assets worth $6 billion and took a 5.5 percent stake in communications company Century...

  • ZURICH, July 4- Activist investor Keith Meister's Corvex hedge fund and New York's 40 North said on Tuesday they had taken a 7.2 percent stake in Clariant to fight the Swiss chemical maker's planned merger with Huntsman Corp. Meister, a Carl Icahn protege, with Corvex manages assets worth $6 billion and took a 5.5 percent stake in communications company Century...

  • ZURICH, July 4- Activist investor Corvex and roofing maker Standard Industries' investment arm have teamed up to take a 7.2 percent stake in Clariant in a bid to scuttle the Swiss chemical maker's proposed merger with Huntsman Corp.. Corvex, run by activist investor and Carl Icahn protege Keith Meister, manages assets worth $6 billion and took a 5.5 percent stake...

  • BUENOS AIRES, July 2- Argentina's Telecom Argentina SA and cable TV provider Cablevisión SA reached a merger agreement enabling them to offer so-called quadruple play services, a result of President Mauricio Macri's telecom sector reforms. Grupo Clarin, Argentina's largest media conglomerate, said last August it was spinning off Cablevision.

  • LONDON, June 30- Not very long ago, a 17 percent oil price fall would have sent emerging market stocks into a tailspin. But the BATs are just a small part of a whole "new economy" story in emerging markets, where the biggest companies by market capitalisation are now high-tech conglomerates Samsung, Tencent, Taiwan Semiconductor, Alibaba and South Africa's Naspers,.

  • June 30- Warren Buffett's company will become the biggest shareholder in Bank of America Corp, after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank. Berkshire will take a roughly 7 percent ownership stake, worth about $17 billion based on Bank of America's closing price of $24.32 on Thursday.

  • * "Will not interfere in Vanke's operation"- Shenzhen Metro. *Yu Liang to replace Wang Shi as chairman. The subway operator's control over China's second largest property developer was affirmed this month after it raised its stake to 29.38 percent, ending a bitter struggle for boardroom control by surpassing financial conglomerate Baoneng Group that had sought...