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  • One of Macau's top casino junket operators, a Vietnamese investment group and Hong Kong property-to-jewellery conglomerate Chow Tai Fook Enterprises will team up to develop a $4 billion casino resort in Vietnam, companies involved in the project said. The resort, to be located in the central province of Quang Nam, is headed …

  • Rescue plan for Sahara in doubt as BBVA denies loan Reuters - Thu, Mar 26, 2015 04:02 GMT

    MADRID/MUMBAI (Reuters) - A rescue plan for Indian conglomerate Sahara was thrown into disarray on Wednesday after Spanish bank BBVA (BBVA.MC) denied offering a credit line to the group, potentially jeopardising efforts to revive its fortunes and free its jailed boss. Sahara, once one of the country's most high-profile …

  • A man pedals his rickshaw past Sahara India Complex building in Noida on the outskirts of New Delhi

    MADRID/MUMBAI (Reuters) - A rescue plan for Indian conglomerate Sahara was thrown into disarray on Wednesday after Spanish bank BBVA (BBVA.MC) denied offering a credit line to the group, potentially jeopardising efforts to revive its fortunes and free its jailed boss. Sahara, once one of the country's most high-profile …

  • The logo of Spain's BBVA bank is seen in Madrid

    Spain's BBVA SA (BBVA.MC) denied having any credit exposure to Indian conglomerate Sahara, just days after the group told a court it had a line of credit from the bank to secure bail for its jailed boss. Subrata Roy has been held in jail for more than a year after Sahara (SAHM.BO)(SAHR.BO) failed to comply with a court …

  • Conglomerate San Miguel Corp is interested to bid for the Malampaya deep water gas-to-power pipeline should the government rebid the facility once its franchise expires by 2021, the Malaya Business Insight ...

  • Telefonica to sell UK phone operator O2 to Hutchison Whampoa Associated Press - Tue, Mar 24, 2015 18:25 GMT

    European cell phone operator Telefonica SA said Tuesday it has reached an agreement to sell its British business, O2, to Hong Kong conglomerate Hutchison Whampoa Ltd. for 10.25 billion pounds ($15.24 billion). ...

  • A man walks past Sahara India Complex building in Noida

    NEW DELHI/MUMBAI (Reuters) - Sahara, a sprawling conglomerate that ranges from media to property and Formula One motor racing, on Monday got three more months from the Supreme Court to come up with a proposal to raise $1.6 billion to free its chief, Subrata Roy, from jail. Subrata Roy has been held in jail for more than …

  • India court gives Sahara 3 months to submit final proposal to raise funds Reuters - UK Focus - Mon, Mar 23, 2015 10:40 GMT

    India's Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. …

  • Tough decisions as endgame nears for Sahara Reuters - Mon, Mar 23, 2015 02:59 GMT

    The Supreme Court will decide the future of conglomerate Sahara later on Monday, when it rules on whether time has run out for the controversial business empire to raise the $1.6 billion it needs to free its jailed chief. The top court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula …

  • India's highest court will decide the future of conglomerate Sahara later on Monday, when it rules on whether time has run out for the controversial business empire to raise the $1.6 billion (1 billion pounds) it needs to free its jailed chief. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges …

  • China Resources Enterprise <0291.HK> (CRE), a retail-focused conglomerate, posted its first annual loss in more than two decades, hurt by start-up costs for a venture with Tesco Plc (TSCO.L) that will seek to turn around the British firm's stores in China. After Tesco failed to make it on its own in China, CRE, agreed …

  • China Resources Enterprise posts first yearly loss in decades Reuters - UK Focus - Fri, Mar 20, 2015 05:07 GMT

    Retail-focused conglomerate China Resources Enterprise fell into the red in 2014 for the first times since its listing more than two decades ago, hurt by start-up costs for a venture with Tesco Plc that ...

  • Signs are seen outside a branch of Lloyds Bank in central London

    Lloyds Banking Group (LLOY.L) and Natixis (CNAT.PA) have sold their holdings in debt of Dubai World, the state-owned conglomerate nearing a $14.6 billion (9.8 billion pounds) debt restructuring, according to sources familiar with the matter. Royal Bank of Scotland (RBS.L) (RBS) also sold at least part of its exposure in …

  • Lloyds Banking Group and Natixis (Paris: FR0000120685 - news) have sold their holdings in debt of Dubai World, the state-owned conglomerate nearing a $14.6 billion debt restructuring, according to sources familiar with the matter. Royal Bank of Scotland (LSE: RBS.L - news) (RBS) also sold at least part of its exposure …

  • MOSCOW (Reuters) - Russia's Sistema business conglomerate said on Thursday it had reached an agreement with the Ural-Invest fund about transferring assets worth 46.5 billion roubles (520.5 million pounds) ...

  • Indonesian conglomerate Lippo Group plans to launch payment, chat and other online services early next year as it continues expanding in the nascent e-commerce industry of the world's fourth-most populous country, a senior executive told Reuters. Lippo has already earmarked $500 million for a new online department store, …

  • Engineering conglomerate Smiths Group feels impact of collapsing oil price at its largest division

  • Market Chatter- Corporate finance press digest - March 18 Reuters - Wed, Mar 18, 2015 08:19 GMT

    For coverage of stories related to corporate finance on Eikon, please click on to retrieve the Investment Banking Top New page and to retrieve the IFR Top News page. Thomson ONE users, please enter RT/TOP/DEALS in the News window to retrieve the Investment Banking Top News page. * Natural resources conglomerate Freeport-McMoRan …

  • Groups led by Philippine conglomerate San Miguel Corp and Malaysia's AlloyMTD Group and a consortium of Ayala Land Inc , Aboitiz Equity Ventures Inc, Megaworld Corp and SM Prime Holdings Inc were declared ...

  • The General Electric logo is seen in a Sears store in Schaumburg

    Immelt's comments follow GE's meeting last week to showcase its technology to investors, in what some analysts also viewed as providing rationale for a conglomerate model. They also come after rival U.S. conglomerate United Technologies Corp (UTX.N) last week announced it would weigh a spinoff of its Sikorsky helicopter …

  • The Supreme Court on Friday gave conglomerate Sahara, whose boss has been in a jail for a year, a final chance to raise funds against its properties in order to bail out its chairman. Sahara, whose assets stretch from a Formula One motor racing team to real estate and TV channels, has made several, failed attempts to raise …

  • A man pedals his rickshaw past Sahara India Complex building in Noida on the outskirts of New Delhi

    The Supreme Court on Friday gave conglomerate Sahara, whose boss has been in a jail for a year, a final chance to raise funds against its properties in order to reimburse investors in the company's bond programme that was ruled illegal. The court will appoint a receiver and auction the conglomerate's properties if it fails …

  • Sahara Group Chairman Subrata Roy gestures as he speaks during a news conference in Kolkata

    India's top court on Friday gave conglomerate Sahara, whose boss has been in a jail for a year, a final chance to raise funds against its properties in order to reimburse investors in the company's bond programme that was ruled illegal. The Supreme Court will appoint a receiver and auction the conglomerate's properties …

  • File photo of a worker at an assembly line at a main factory of Hyundai Motor in Ulsan

    A major investor in Hyundai Motor Co <005380.KS> on Friday urged the automaker to improve its governance, as shareholders met for the first time since the Hyundai group paid $10 billion for a piece of real estate in a widely criticized deal. The decision in September last year to buy the land in Seoul's affluent Gangnam …

  • Websense, which was acquired by Vista for more than $900 million in 2013, could be valued at more than $1 billion, but no deal is imminent and there is no guarantee a sale will occur, the report said. A strong demand for cybersecurity technology has emerged following a spate of high-profile breaches that have crippled …

  • United Technologies' stock rises on potential Sikorsky split Associated Press - Thu, Mar 12, 2015 19:38 GMT

    Shares in United Technologies rose Thursday after the company said it is considering spinning off its Sikorsky helicopter division. Industry analysts backed the move, saying it would allow the conglomerate ...

  • An employee of LG Electronics walks behind company logos at a branch in Seoul.

    South Korean conglomerate LG Group on Thursday said its companies plan to invest a record 6.3 trillion won in research and development in 2015 to secure future growth. LG Group, which has arms including ...

  • Virgin sued for $300 million in dispute over cruise line Associated Press - Wed, Mar 11, 2015 18:17 GMT

    The former chief executive officer of Norwegian Cruise Line is suing British billionaire Richard Branson and his Virgin Group conglomerate, claiming that Virgin essentially stole his ideas and business ...

  • The second-largest shareholder in Hyundai Motor Co <005380.KS> and its two affiliates will vote against the reappointment of two of the sister firms' board members who last year approved buying a Seoul property for $10 billion, or three times its appraised value. The veto by the National Pension Service (NPS) against one …

  • The new government in Australia's Queensland state unexpectedly smoothed the way for two Indian companies to expand a port for two coal projects opposed by green groups, in an attempt to boost the struggling mining industry, the state's lifeblood. Indian conglomerates Adani Enterprises and GVK, with separate projects worth …

  • China deal adds new dimension to Thomas Cook Telegraph - Sat, Mar 7, 2015 19:59 GMT

    Questor examines the strategic partnership the British tour operator has struck with Chinese conglomerate Fosun

  • China giant Fosun takes 5% stake in Thomas Cook AFP - Fri, Mar 6, 2015 17:25 GMT
    China giant Fosun takes 5% stake in Thomas Cook

    Chinese conglomerate Fosun has bought a stake in UK-based tour operator Thomas Cook

  • Thomas Cook shares jump on China deal @ BBC News - Fri, Mar 6, 2015 16:58 GMT
    Thomas Cook shares jump on China deal

    Shares in Thomas Cook jump nearly 25% on news Chinese conglomerate Fosun, which owns Club Med, has bought a 5% stake in the UK travel company.

  • After Thomas Cook confirmed that Fosun International, the Chinese conglomerate that recently snaffled France's Club Med, has invested £92m via a new share issue, Shore Capital maintained its 'hold' stance ...

  • China's Fosun says not planning Thomas Cook takeover Reuters - Fri, Mar 6, 2015 09:22 GMT

    Chinese conglomerate Fosun International <0656.HK> said it was not planning to acquire Thomas Cook (TCG.L) in its entirety, after buying a 5 percent stake in the British travel group on Friday. "We have no plan to take over Thomas Cook," Qian Jiannong, President of Fosun's Tourism and Commercial Group, told reporters. …

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