Business

Unilever Beats Forecasts As Emerging Markets Rebound

Consumer goods maker Unilever (ULVR.L) (UNc.AS) reported better-than-expected 2013 results on Tuesday, with an improved performance in emerging markets after currency devaluations earlier last year hurt demand. The Anglo-Dutch maker of Ben & Jerry's ice cream, Lipton tea and Dove...

Lenovo Restarts Talks To Buy IBM Server Unit: Source

China's Lenovo Group Ltd has resumed talks to buy International Business Machines Corp's (IBM) low-end server unit, a source familiar with the matter said, a purchase that would bolster its efforts to diversify beyond a shrinking PC market. A deal...

JPMorgan Drops Another China IPO Amid ‘Princeling’ Probe: Sources

Ask ZiVA 728x90 Ads
JPMorgan Chase & Co has stopped working on a Chinese firm's initial public offering amid an investigation by U.S. authorities into its hiring practices in China, people with direct knowledge of the matter told Reuters on Tuesday. It is the...

UniCredit Sells Risk On $1.2 Billion Of Loans To U.S. Fund

UniCredit (CRDI.MI) has sold some of the risk on a 910 million euro ($1.2 billion) portfolio of Italian project finance loans, freeing up capital for new lending and benefiting from growing appetite for such deals from specialist investors. The deal...

Rolls-Royce Could Bid For Finland’s Wartsila: Report

British engineering company Rolls-Royce (RR.L) is expected to make a public offer on the Finnish ship and power plant engine maker Wartsila (WRT1V.HE), a newspaper reported on Tuesday, citing unnamed investors. Rolls-Royce could offer at least 50 euros per Wartsila...

AB InBev To Regain Grip On South Korea Brewer OB For $5.8 Billion

Anheuser-Busch InBev SA, the world's largest brewer, has agreed to buy South Korea's Oriental Brewery Co Ltd from KKR & Co and Affinity Equity Partners for $5.8 billion including debt, regaining ownership of a key Asian asset at a...

China Central Bank Offers Emergency Funds To Small Banks As Rates Rise: Sources

China's central bank is offering emergency funding support to commercial banks amid a spike in cash rates, sources with direct knowledge of the move told Reuters on Monday. The People's Bank of China (PBOC) will offer up to 120 billion...

Toyota May Rethink Thai Investment Plans If Crisis Lingers

Toyota Motor Corp (7203.T) may reconsider investing up to 20 billion baht ($609 million) in Thailand, and could even cut production, if political unrest drags on, the head of the Japanese automaker's local unit said on Monday. Toyota is the...

Shell Sells Stakes In Australian Gas Project For $1.14 Billion

Oil major Royal Dutch Shell (RDSa.L) said on Monday it had agreed to sell stakes in a gas project in Western Australia for $1.14 billion as part of a drive to improve return on investment. Shell is selling an 8...

South Africa Minister Urges Platinum Industry To Avoid Strikes

South Africa's ailing economy cannot afford more mine labor unrest, Finance Minister Pravin Gordhan said on Monday, after the platinum industry's main trade union said it would launch a strike at the world's top three producers this week. A wave...
- Advertisement -spot_img

Latest News

UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
- Advertisement -spot_img
THEWILL APP ADS 2