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Friday, January 5, 2018

Saudi Arabia converts Aramco into joint-stock company ahead of historic IPO

DUBAI (Reuters) - Saudi Arabia has changed the status of its national oil giant Aramco to a joint-stock company as of Jan. 1, in a key step for an initial public offering (IPO) planned for later this year.

Fox TV producers offered assurances ahead of Disney merger

PASADENA, Calif. (Reuters) - Walt Disney Co executives have voiced support for the Fox television studio's adult-oriented programming and development is continuing as usual while a proposed merger undergoes regulatory review, Fox executives and producers said Thursday.

Brookfield Business Partners to buy Westinghouse for $4.6 billion

(Reuters) - A subsidiary of Canada's Brookfield Asset Management Inc plans to acquire Westinghouse Electric Co LLC, the bankrupt nuclear services company owned by Toshiba Corp , for $4.6 billion.

Hong Kong's Henderson Land sells office tower for $1.3 billion to China buyer

HONG KONG (Reuters) - Hong Kong's Henderson Land Development Co Ltd has signed an agreement to sell an office tower for HK$9.95 billion ($1.27 billion), a spokeswoman said on Friday, and the buyer is a China-backed firm, according to Hong Kong's Companies Registry.

Tata, Singapore Airlines may assess bid for Air India: Vistara CEO

NEW DELHI (Reuters) - India's Tata Group and Singapore Airlines are open to potentially bidding for the indebted carrier Air India [AIN.UL], a top official at a joint venture owned by the firms said on Friday.

Toshiba after the Westinghouse sale

TOKYO (Reuters) - A $4.6 billion deal announced on Thursday to sell bankrupt U.S. nuclear plant maker Westinghouse Electric Co LLC will help its owner Toshiba Corp move a step closer to rebuilding its finances and focusing on smaller but more stable businesses.

Google eyes Chinese e-sports market with investment in Chushou

BEIJING (Reuters) - Alphabet Inc's Google has joined an investment in Chinese live-stream mobile game platform Chushou that brings the startup's total funding to $120 million, as the U.S. firm eyes new inroads to China where its search engine is blocked.

Lactalis expands in low sugar yogurt with siggi's deal

(Reuters) - French dairy firm Lactalis said on Friday it had agreed to buy siggi's, the U.S.-based maker of Icelandic style skyr yogurts, for an undisclosed price.

China Vanke unit buys 20 shopping malls from CapitaLand for $1.3 billion

HONG KONG (Reuters) - China Vanke Co's commercial unit SCP Group said on Friday it would purchase 20 shopping malls in the country owned by Singapore's CapitaLand for 8.4 billion yuan ($1.30 billion).

Chinese conglomerate HNA's bid to buy stake in HK fund manager fails: sources

HONG KONG/BEIJING (Reuters) - Talks have been called off between HNA Group and Value Partners Group over the Chinese conglomerate's purchase of a stake in the Hong Kong-listed asset manager, people familiar with the situation said.