SHANGHAI Two of China's 'Big Five' lenders, Bank of Communications (BoCom) and Agricultural Bank of China (AgBank), reported modest annual profit growth on Tuesday, as they battled operating pressures and the narrowest net interest margins since at least 2011.
DUBAI Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said.
HONG KONG Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters.
HONG KONG/SHANGHAI China Southern Airlines Co Ltd said on Tuesday it would issue HK$1.55 billion ($199.6 million) worth of shares to a subsidiary of American Airlines Group Inc, giving the U.S. airline a stake in China's largest carrier.
Dow Chemical and DuPont won the blessing of the European Union for their $130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities.
NEW DELHI The Carlyle Group has acquired a minority stake in Indian logistics firm Delhivery, while existing investor hedge fund Tiger Global also raised its stake, for a combined investment of more than $100 million, the buyout fund said on Friday.
LONDON Liberty House, the industrial and commodities group that is buying up steel assets around the world, is considering investing in the troubled Italian Piombino mill as the global market picks up from a slump, two sources close to the matter said.
MUMBAI Indian e-commerce marketplace Snapdeal on Wednesday denied it was in talks for a potential sale, after the Mint newspaper reported the company was in discussions with domestic rivals for a potential sale.
HONG KONG/MUMBAI Investment banking business in India should be enjoying bumper fees after a record year of dealmaking. It's not, and big banks blame in-house teams of advisers that have proliferated as the country's top family-owned conglomerates tighten their grip.
SHANGHAI China's Alibaba Group Holding Ltd has fully acquired online ticketing platform Damai.cn, the e-commerce giant said on Tuesday, marking a further push into entertainment by the firm as it expands beyond its core online retail business.
- Finance: China's AgBank in talks for more debt-to-equity deals
- Technology: Toshiba's Westinghouse files for bankruptcy as charges jump
- Healthcare: Sanofi hires advisors for European generic drugs unit sale: sources
- Consumer: Macau's Galaxy, Monaco's SBM team up in race for Japan casino license
- Energy: Aramco tax cut lifts company's value by $1 trillion, analyst estimates
- Industrials: Ride-hailing firm Careem on lookout for acquisitions, IPO an option
- M&A: UPDATE 5-After crippling cost overruns, Toshiba's Westinghouse files for bankruptcy
- Bankruptcy: UPDATE 5-After crippling cost overruns, Toshiba's Westinghouse files for bankruptcy
- IPOs: CORRECTED-Ukraine to appeal court decision on $3 bln dispute with Russia
- Private Capital: Sanofi hires advisors for European generic drugs unit sale -sources
- Hedge Funds: Hedge fund manager Friedman to list investment fund in London
- Regulatory: UPDATE 5-After crippling cost overruns, Toshiba's Westinghouse files for bankruptcy
- Supreme Court bans sale of older-technology vehicles from April
- Foreign stock investors race to India ahead of tax changes but inflows seen slowing
- India becomes net exporter of power for the first time - government
- Vedanta's Agarwal says no plans to buy Anglo American assets in South Africa
- Stocks slip, sterling steadies as Brexit becomes real