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Updated: 33 min 28 sec ago

China regulator orders checks on loans to acquisitive firms: sources

Thu, 06/22/2017 - 5:49am
BEIJING (Reuters) - China's banking regulator has ordered a group of commercial banks to assess their exposure to offshore purchases by a handful of acquisitive Chinese corporate groups, two people familiar with the matter said on Thursday.

Oil prices slip as physical excess overpowers OPEC

Thu, 06/22/2017 - 5:25am
LONDON (Reuters) - Oil slid back toward multi-month lows on Thursday, after a brief recovery early in the session, as traders warily eyed a glut of physical supply that has persisted despite OPEC-led efforts to balance the market.

Belgium drops case against business of LVMH chief Arnault

Thu, 06/22/2017 - 5:20am
BRUSSELS (Reuters) - Belgian prosecutors said on Thursday they have closed an investigation into a 2.9 billion euro ($3.24 billion) capital increase in a Belgian company owned by billionaire and chief executive of LVMH Bernard Arnault.

Airbus concedes defeat to Boeing in Paris order race

Thu, 06/22/2017 - 4:53am
PARIS (Reuters) - Airbus conceded defeat to arch-rival Boeing at the Paris Airshow on Thursday as a last-minute haul of almost 100 orders, including new interest from Iran, failed to close a gap opened up by the launch of Boeing's new 737 model.

Iran's Airtour signs MoU for 45 A320neo Airbus aircraft

Thu, 06/22/2017 - 3:47am
PARIS (Reuters) - Iran's Airtour Airlines has signed a memorandum of understanding (MoU) for 45 Airbus A320neo aircraft, Airbus said on Thursday, in a deal unveiled at the Paris Airshow.

Eyes on AirAsia as Airbus looks for airshow comeback: sources

Thu, 06/22/2017 - 3:24am
PARIS (Reuters) - Airbus has seen its rival Boeing grab most of the headlines at the Paris Airshow this week, but it could turn to AirAsia - one of its largest customers - to narrow the gap after the launch of a new Boeing plane, industry sources said.

Iran's Zagros Airlines commits to buying 28 Airbus aircraft

Thu, 06/22/2017 - 2:30am
PARIS (Reuters) - Iran's Zagros Airlines has signed a memorandum of understanding (MoU) to buy 28 new Airbus planes, comprising 20 A320neo jets and eight A330neo aircraft, Airbus said in a statement.

UK competition watchdog clears Standard Life-Aberdeen deal

Thu, 06/22/2017 - 2:23am
(Reuters) - Britain's competition watchdog said it had cleared Standard Life's 11 billion pound ($14 billion) deal to buy Aberdeen Asset Management , paving the way for the tie-up which will create the country's biggest listed asset manager.

China's Dalian Wanda Group denies 'rumors' of bond sales

Thu, 06/22/2017 - 1:13am
BEIJING (Reuters) - China's Dalian Wanda Group Co denied as "malicious speculation" that some Chinese banks had ordered the sale of its bonds, the company said in a statement on Thursday.

Takata to file for bankruptcy Monday, SMBC to provide bridge loan: sources

Thu, 06/22/2017 - 1:07am
TOKYO (Reuters) - Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.

Home Capital to get C$2 billion credit facility from Berkshire Hathaway

Thu, 06/22/2017 - 12:25am
(Reuters) - Canadian lender Home Capital Group Inc said Berkshire Hathaway Inc will provide a new C$2 billion line of credit to its unit Home Trust Co and indirectly buy C$400 million ($300.2 million) of its common shares in a private placement.

Wisconsin one of six states Foxconn, Sharp considering for display plant

Thu, 06/22/2017 - 12:18am
TAIPEI (Reuters) - Foxconn , the world's largest contract electronics maker, is looking at six U.S. states including Wisconsin as locations for a display-making plant, a top executive said on Thursday.

Mexico's Supreme Court rules in spat related to telecom reform

Wed, 06/21/2017 - 11:10pm
MEXICO CITY (Reuters) - Mexico's Supreme Court ruled on Wednesday in a spat over interconnection rates paid between telecommunications firm America Movil and rivals that touches on a bigger case related to an antitrust reform the company is fighting.

Toshiba shares slip as it gears up for chip unit sale

Wed, 06/21/2017 - 8:42pm
TOKYO (Reuters) - Shares of Toshiba Corp skidded on Thursday, as the company aims to seal a deal worth some $18 billion by next week for the sale of its chip business needed to cover massive losses.

Asian stocks climb as oil crawls up from 10-month low

Wed, 06/21/2017 - 8:40pm
SINGAPORE (Reuters) - Asian stocks advanced on Thursday as oil prices inched up after hitting a 10-month low overnight on concerns over a supply glut and falling demand, dragging U.S. and European shares lower.

Exclusive: Sycamore Partners close to deal to acquire Staples - sources

Wed, 06/21/2017 - 8:00pm
(Reuters) - Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion.

Compelling Vietnam: Foreign investors unfazed by Trump's trade deal rebuff

Wed, 06/21/2017 - 7:06pm
HANOI (Reuters) - Every 45 seconds or so, a neatly wrapped VanHeusen dress shirt destined for a J C Penney store in the United States drops off a new production line at a factory north of Vietnam's capital.

Amazon's grocery push playing catch up with Chinese e-commerce giants

Wed, 06/21/2017 - 7:02pm
BEIJING (Reuters) - As Inc looks to swallow U.S. grocery chain Whole Foods, China's tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains.

Oracle beats profit estimates on cloud push, shares jump

Wed, 06/21/2017 - 4:48pm
(Reuters) - Oracle Corp's quarterly profit blew past analysts' estimates as the business software maker's big push toward cloud-based products and services paid off.

Judge approves temporary stop to DraftKings, FanDuel merger

Wed, 06/21/2017 - 3:56pm
WASHINGTON (Reuters) - A federal judge has approved a temporary halt of a merger between sport fantasy companies DraftKings and FanDuel.