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  • China aviation giant buys Irish firm @ BBC News - 15 hours ago
    China aviation giant buys Irish firm

    A unit of Chinese aviation and shipping conglomerate HNA Group is buying Irish aircraft leasing firm Avolon for about $2.5bn (£1.6bn).

  • The logo of Toshiba Corp is pictured at its headquarters in Tokyo

    Japanese lawmakers on Wednesday called for a tough regulatory response to Toshiba Corp's <6502.T> second postponement of its annual results over accounting woes, saying the scandal could erode foreign investor confidence. Regulators are likely to penalize the laptop-to-nuclear power conglomerate with a fine after an independent …

  • Toshiba CEO says newfound accounting errors not huge Reuters - Mon, Aug 31, 2015 13:02 BST
    Man walks past logo of Toshiba Corp at electronics store in Tokyo

    The head of scandal-tarred Toshiba Corp said on Monday the company has found a half-decade's worth of new accounting problems forcing it to further delay closing its books but that it does not expect a big impact on its projected results. The laptops-to-nuclear conglomerate has found some 10 new cases of accounting errors …

  • Vodafone India(VOD.L) said on Friday it would launch fourth-generation (4G) mobile phone services in the country by the end of the year, joining rival Bharti Airtel(BRTI.NS) in offering faster data services. India's telecommunications market is bracing for heated competition from Reliance Jio, the telecoms unit of conglomerate …

  • Uber China closes $1 billion fundraising round: sources Reuters - Fri, Aug 28, 2015 07:28 BST
    A taxi is reflected in a window at the office of taxi-hailing service Uber Inc in Hong Kong, China

    BEIJING/SHANGHAI (Reuters) - Uber Technologies Inc's China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition. Investors in Uber's Chinese unit include Internet giant …

  • Uber China closes $1 bln fundraising round - sources Reuters - Fri, Aug 28, 2015 07:25 BST
    A taxi is reflected in a window at the office of taxi-hailing service Uber Inc in Hong Kong, China

    BEIJING/SHANGHAI (Reuters) - Uber Technologies Inc's China arm has closed its $1 billion fundraising round early, according to two people with knowledge of the matter, with investors still hopeful for the U.S.-based ride service despite strong domestic competition. Investors in Uber's Chinese unit include Internet giant …

  • RTL regains German market share, eyes digital M&A Reuters - Thu, Aug 27, 2015 10:41 BST

    FRANKFURT/MUNICH (Reuters) - European broadcaster RTL regained market share in its core German TV business in the first half of 2015 and lifted its full-year sales forecast on strong growth in online businesses, which it said it would expand with further acquisitions. RTL, controlled by German media conglomerate Bertelsmann, …

  • Bouygues lifts profit goal for telecoms unit Reuters - Thu, Aug 27, 2015 07:28 BST
    A man checks his mobile device at a French telecom operator Bouygues Telecom store in Paris

    French conglomerate Bouygues (BOUY.PA) raised its full-year core earnings and cost savings targets for its telecom business on Thursday as it posted a 51 percent rise in first-half group current operating profit. The company now expects earnings before interest, tax, depreciation and amortisation (EBITDA) at Bouygues Telecom …

  • Toshiba Corp is set to pick Shiseido Co adviser Shinzo Maeda to head its new board to improve corporate governance in the wake of a massive accounting scandal, two people familiar with the plan said on Thursday. The Japanese conglomerate on Aug. 18 proposed a fresh 11-member board with seven external directors, including …

  • Forbes: Mall tycoon Henry Sy tops Philippines' rich list Associated Press - Thu, Aug 27, 2015 04:45 BST

    Property, retail and banking tycoon Henry Sy whose conglomerate owns the chain of SM Supermalls in his country and China has retained the title of the Philippines' richest person for the eight consecutive ...

  • KUALA LUMPUR, Aug 26 (Reuters) - Genting Bhd, a Malaysian-based gaming-to-plantations conglomerate, on Wednesday posted a sharp drop in quarterly net profit to its lowest level in 6-1/2 years. The group, ...

  • Malaysia's Sime Darby Q4 profit sinks 17 percent AFP - Wed, Aug 26, 2015 10:48 BST
    Malaysia's Sime Darby Q4 profit sinks 17 percent

    Malaysian conglomerate Sime Darby posts a 17% year-on-year fall in net profit for the three months to June

  • Indian billionaire Adani speaks during an interview with Reuters at his office in Ahmedabad

    Indian conglomerate Adani Group said on Monday it would invest 250 billion rupees ($3.75 billion) in a coal gasification project. Adani said in a statement the project would be launched in Chhattisgarh state, one of India's poorest, where there is an abundant supply of poorer quality coal containing high ash. It said …

  • Malaysian plantations-to-motoring conglomerate Sime Darby Bhd said it is weighing options to strengthen its balance sheet after its acquisition of New Britain Palm Oil. "Sime Darby Berhad has been reviewing possible capital management options towards strengthening its balance sheet following the New Britain Palm Oil acquisition …

  • Shares of Malaysian plantations-to-motoring conglomerate Sime Darby Berhad took a 5.2 percent tumble on Monday after media reported it was planning a 6 billion ringgit ($1.42 billion) rights issue to pay off debt. Malaysian companies with foreign denominated debt such as Sime Darby face risks from the tumbling of the …

  • Retail conglomerate China Resources Enterprise Ltd (CRE) swung sharply to a loss in the second quarter as its retail and food divisions took blows from online competition and high operating costs in a slowing economy. Profit from CRE's beer business jumped 30 percent to HK $544 million for the first half of 2015 from a …

  • SEOUL (Reuters) - South Korea's Samsung Bioepis Co Ltd, a biosimilar drug development arm of conglomerate Samsung Group, has hired four banks to manage its planned U.S. listing next year, a person with ...

  • Leading mobile phone network operators Bharti Airtel Ltd and Vodafone India are among the 11 companies selected by the Reserve Bank of India (RBI) to help set up "payments banks", aimed at granting millions of citizens access to basic banking. Energy-to-telecoms conglomerate Reliance Industries Ltd, controlled by India's …

  • The sprawling Chinese conglomerate Fosun has opened up shop on Little Britain in the City of London, a sure fire sign of its insatiable appetite for deals

  • Indian mobile carriers, Reliance Industries win payment bank permits Reuters - UK Focus - Wed, Aug 19, 2015 13:32 BST

    India's leading mobile carriers Bharti Airtel Ltd (BSE: BHARTIARTL4.BO - news) and Vodafone India were among the 11 companies selected by the country's central bank to set up payments banks aimed at granting millions of citizens access to formal banking. Energy-to-telecoms conglomerate Reliance Industries Ltd (BSE: RELIANCE.BO …

  • The global recession and subsequent long economic recovery since 2008 has placed increasing pressures on a range of small business and large conglomerates to reduce their costs. A significant number.......

  • Hiroshi Mikitani, founder and CEO of the multibillion-dollar Japanese e-commerce conglomerate...

  • Toshiba shakes up board with high-profile outsiders Reuters - Tue, Aug 18, 2015 15:30 BST
    Toshiba Corp interim President and CEO Muromachi arrives at a management renewal committee at the company headquarters in Tokyo

    Japan's Toshiba Corp <6502.T> proposed a new board on Tuesday dominated by outsiders, including three former chiefs of big Japanese companies, that it hopes will help to reform the conglomerate after a $1.2 billion accounting scandal. "The impression one gets is that these newly appointed outsiders are simply taking a …

  • Toshiba Corp proposed a new slate of outsiders to take a majority of seats on its board of directors, aiming to bolster governance of the laptops-to-nuclear conglomerate following a $1.2 billion accounting scandal. A new board lineup proposed on Tuesday also kept interim President Masashi Muromachi in his role on a more …

  • Norway's $871 billion sovereign wealth fund has excluded two South Korean and two Malaysian companies from its investments, accusing them of turning tropical forests into palm oil plantations, the fund said on Monday. Construction firm IJM Corp Bhd and conglomerate Genting Bhd, both of Malaysia, and steelmaker POSCO and …

  • South Korea's SK Group is considering investing 46 trillion won ($38.9 billion) in semiconductor production facilities, the country's third-largest conglomerate said on Monday, without giving further details. Analysts say it takes roughly 14-15 trillion won to build one semiconductor plant, including equipment and production …

  • SOUTH KOREANS WALK PAST THE LOGO OF SK GROUP IN SEOUL.

    South Korea's SK Group is considering investing 46 trillion won ($24.85 billion pounds) in semiconductor production facilities, the country's third-largest conglomerate said on Monday, without giving further details. Analysts say it takes roughly 14-15 trillion won to build one semiconductor plant, including equipment …

  • Toshiba Corp is expected to report a net loss for the last fiscal year and also revise down its fiscal 2011/12 earnings to a loss following an investigation into its accounting practices, the Nikkei business daily reported. The loss for the fiscal year to March 2015 will come as Toshiba takes 100 billion yen ($804 million) …

  • TOKYO/SEOUL (Reuters) - The younger son of the Lotte Group's founding family has strengthened his hold on the South Korean conglomerate amid a bitter succession feud with his elder brother, winning the backing of shareholders at a key Tokyo-based holding company. An extraordinary shareholders' meeting at unlisted Lotte …

  • Chairman & CEO of SK Holdings, SK Innovation and SK Hynix, Chey Tae-won poses during an interview with Reuters in Seoul

    South Korean president Park Geun-hye on Thursday gave pardons to 6,527 people, including the chairman of the country's third-largest conglomerate, the SK Group, citing, in part, Seoul's efforts to revive a sputtering economy. The pardons announced by the justice minister come amid South Koreans' growing discontent over …

  • 5 Questions About SK Group The Wall Street Journal - Thu, Aug 13, 2015 05:17 BST

    Chey Tae-won, chairman South Korea's third-largest conglomerate, SK Group, is free to resume his duties now that an Aug. 13 pardon by President Park Geun-hye has brought an early end to his four-year prison sentence. On Aug. 1, the conglomerate merged its holding company SK Holdings Co. with an affiliate company in …

  • Berkshire Hathaway adds to its industrial heft Associated Press - Mon, Aug 10, 2015 20:34 BST

    The heart of Warren Buffett's Berkshire Hathaway lies in insurance and finance, but a string of massive industrial deals have shifted the balance of the conglomerate's holdings toward industrial and manufacturing ...

  • Buffett's Berkshire builds eclectic conglomerate AFP - Mon, Aug 10, 2015 19:21 BST
    Buffett's Berkshire builds eclectic conglomerate

    With the $37.2 billion deal to buy Precision Castparts announced Monday, US investment guru Warren Buffett is extending his storied Berkshire Hathaway holding company

  • StanChart backs off Australian coal mining project Reuters - Mon, Aug 10, 2015 18:10 BST

    Standard Chartered will not advise or help finance the multi-billion dollar Carmichael coal mine in Australia, marking the second big bank to walk away from the project in a week. Environmental groups have been campaigning against the mine, being developed in Queensland by Indian conglomerate Adani Mining. "As a result …

  • Billionaire's Berkshire Hathaway conglomerate strikes blockbuster takeover of US industrial group

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