Chinese conglomerate and cinema chain operator Dalian Wanda’s proposed $1 billion purchase of Dick Clark Productions Inc has fallen apart, online entertainment news website The Wrap reported on Monday, citing unnamed sources.
Saudi Arabia is favoring New York to list state oil giant Saudi Aramco , while also considering London and Toronto for the prospect of floating the firm, the Wall Street Journal reported on Monday.
SAO PAULO/RIO DE JANEIRO Vale SA plans to become a company with no defined controlling shareholder as soon as possible, in a landmark step aimed at enhancing transparency and equal rights for all shareholders in the world's largest iron ore producer.
OSLO Norwegian biotech newcomer Nordic Nanovector , which seeks ways to treat blood-related cancers, says other companies are showing interest in buying the firm.
HONG KONG The Hong Kong Confederation of Trade Unions (HKCTU) warned that McDonald's Corp's up-to-$2.1 billion sale of its Hong Kong and China operations could hit workers' pay, adding to growing criticism of the deal on the mainland and elsewhere.
BEIJING Chinese automaker Zhejiang Geely Holding Group Co is expected to bid as early as this week for a strategic partnership with struggling Malaysian car maker Proton Holdings Bhd, two people familiar with the bidding process told Reuters.
TOKYO Sumitomo Mitsui Financial Group (SMFG) and Resona Holdings Inc are in talks to merge some of their units, sources said, in what would be the latest in a slow but steady wave of consolidation in Japan's regional banking industry.
ZURICH U.S.-based Northern Trust is buying UBS Group's UBS Asset Management fund administration servicing units in Luxembourg and Switzerland, UBS said in a statement on Monday.
BEIJING China's Alibaba Group Holding Ltd said it formed a strategic partnership with Bailian Group, the largest retailer by store numbers to join the e-commerce giant's drive to use big data to improve and profit from brick-and-mortar sales.
Hong Kong China's Sun Art Retail Group Ltd offered a slightly downbeat outlook for growth in its mainstay hypermarket business on Monday, as investors dumped its stock after hopes for a tie-up with Alibaba Group Holding Ltd were dashed.