UPDATE 2-Tanker firm Frontline drops DHT pursuit and steers away from deals

* CEO: Won't pursue M&A now, though consolidation may come later

3:05pm IST

Western Digital won't consent to SK Hynix participation in Toshiba chip unit sale

TOKYO, June 26 Western Digital Corp has told Toshiba Corp that it will not agree to a sale of the Japanese conglomerate's prized memory chip unit to a preferred bidding consortium that includes rival chipmaker SK Hynix Inc.

New credit crunch hits China Inc as banks rein in short-term lending

HONG KONG, June 26 China's small-to-medium companies, already weighed down by massive debt, now also face a funding squeeze as regulators push banks to rein in riskier corporate loans - including the short-term credit on which many depend.

2:37pm IST

Hong Kong shares rise as city prepares for 20th anniversary of handover

SHANGHAI, June 26 Hong Kong shares started the week on a bullish note, with tech shares and mainland property firms leading the main indexes higher on Monday.

1:58pm IST

Burn victims overwhelm Pakistani hospitals after tanker fire kills 146

LAHORE, Pakistan, June 26 Pakistani hospitals on Monday struggled to treat scores of severely burned victims of a fuel tanker explosion that killed at least 146 people, as Prime Minister Nawaz Sharif flew back from an overseas trip to visit the injured.

1:01pm IST

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Trump, Modi seek rapport despite friction on trade, immigration

WASHINGTON U.S. President Donald Trump and Indian Prime Minister Narendra Modi will hold their first face-to-face meeting in Washington on Monday, seeking to boost U.S.-Indian relations despite differences over trade, the Paris climate accord and immigration.