(Reuters) -CK Hutchison Holdings’ Italian telecommunications unit, Wind Tre, is the target of a probe alleging that it evaded taxes during a 3.4-billion-euro ($3.52 billion) asset sale to Cellnex Telecom SA, Bloomberg News reported on Thursday. The Italian finance police probe is focused on Wind Tre’s purported failure to pay registration taxes during the sale …
By Ben Blanchard TAIPEI (Reuters) -Taiwan’s China Airlines will split an order for its long-haul fleet renewal between Boeing and European rival Airbus and buy freighters from the U.S. planemaker in a closely watched deal worth almost $12 billion. Taiwan’s largest carrier said on Thursday it would buy 10 Boeing 777-9 aircraft and 10 Airbus …
Taiwan’s China Airlines splits $12-billion jet deal between Boeing and Airbus Read More »
By Anton Bridge TOKYO (Reuters) -The founding family of Japanese IT company Fuji Soft on Wednesday reiterated its support for a takeover bid by private equity firm Bain Capital that is opposed by Fuji Soft’s board, it said in a statement jointly released with Bain. In a bidding war with rival private equity giant KKR, …
Fuji Soft founding family affirms support for Bain’s $2 billion hostile takeover bid Read More »
By Selena Li HONG KONG (Reuters) – China issued rules on Thursday to tighten scrutiny of foreign accounting firms’ domestic operations as Beijing seeks to rein in accounting failures and fraud. According to the new rules, which came into effect immediately, foreign accounting organisations are subject to “supervision and management” by the authorities including the …
By Sinead Cruise and Andrew MacAskill LONDON (Reuters) – HSBC Chairman Mark Tucker will lead the British government’s most important business delegation to China since 2018 next month, sources told Reuters, as Chancellor Rachel Reeves seeks to attract greater Chinese investment into Britain. Veteran financier and former Hong Kong resident Tucker, who has led the …
HSBC Chairman to lead pivotal UK business delegation to China Read More »
By Nora Buli OSLO (Reuters) – Norwegian energy company Equinor has received an offer from the South Korean government for a fixed-price power purchase agreement for a 750-megawatt (MW) floating offshore wind project, the company said on Thursday. “We have received an offer for an offtake contract for our Bandibuli project,” an Equinor spokesperson told …
South Korea offers Equinor floating wind power contract Read More »
(Reuters) – Officials of HD Korea Shipbuilding & Offshore Engineering met with the secretary of India’s oil ministry on Thursday and the two sides are exploring potential collaborations in shipbuilding, the South Asian nation said. (Reporting by Nidhi Verma, Written by Ainnie Arif; editing by Sudipto Ganguly)
TAIPEI (Reuters) – A senior executive of Taiwan-based contract manufacturer Foxconn is in France to discuss a potential stake purchase in Nissan Motor from the Japanese automaker’s biggest shareholder Renault, Central News Agency reported on Thursday. Jun Seki, a former Nissan executive who now leads Foxconn’s electric vehicle business, is in France to meet Renault …
By Kitiphong Thaichareon and Thanadech Staporncharnchai BANGKOK (Reuters) – Thailand’s interest rates should be cut quickly and sharply to help lift the economy out of “disaster”, according to a former finance minister who is widely expected to be named chair of the board of the central bank. Ruling party loyalist Kittiratt na Ranong, a former …
Thai rates should be cut quickly and sharply, former Finance Minister says Read More »
By Manoj Kumar NEW DELHI (Reuters) – India is preparing to offer tariffs cuts on some farm and other goods mainly imported from the U.S., aiming to clinch a broader trade and investment deal once president-elect Donald Trump takes charge, government and industry sources in New Delhi said. To tackle Trump’s threat of a “reciprocal tax” on …
India gears up for a potential trade deal as Trump targets China, say government sources Read More »
