Showing 1 - 10 of 22
US oil giants report big losses, prepare for longer downturn
AFP, Published on 01/08/2020
» NEW YORK - Exxon Mobil and Chevron reported hefty losses in the latest quarter Friday as the weakened economic outlook due to the coronavirus pandemic pressures the industry to double down on cost cuts.
Mae Sot luminaries share bold vision
Business, Erich Parpart, Published on 23/05/2017
» The private sector in the Mae Sot special economic zone (SEZ) is calling for more support from the government to help transform the area into a metropolis similar to Hong Kong, arguing that neighbouring Myawaddy has the potential to be the next Macau.
Work in progress
Asia focus, Erich Parpart, Published on 30/01/2017
» Merger and acquisition (M&A) transactions have been surging in Vietnam, as steady economic growth and an expanding middle class draw interest from companies in Thailand, Japan and South Korea among others.
Brewer AB InBev shareholders approve takeover of rival SABMiller
AFP, Published on 28/09/2016
» BRUSSELS - Shareholders of brewing giant Anheuser-Busch InBev on Wednesday approved the blockbuster takeover of rival SABMiller, in a deal that would create the biggest beer company in the world.
Shareholders vote on AB Inbev-SABMiller beer megamerger
AFP, Published on 28/09/2016
» BRUSSELS - Shareholders of brewing giants Anheuser-Busch InBev and rival SABMiller will vote on Wednesday on a blockbuster merger that would create the biggest beer company in the world.
China property firm blames takeover for tough conditions
AFP, Published on 22/08/2016
» SHANGHAI - China's biggest property firm Vanke on Monday blamed a takeover it is trying to fight off for worsening business conditions, even as it reported higher profits.
China's Fosun to buy Indian drugmaker for $1.26bn
AFP, Published on 29/07/2016
» HONG KONG - The pharmaceutical arm of Chinese conglomerate Fosun plans to buy a majority stake in India's Gland Pharma Ltd. for as much as $1.26 billion, in what is being touted as the biggest Indian acquisition by a Chinese company.
Yahoo selling internet assets for $4.8bn to Verizon
AFP, Published on 25/07/2016
» SAN FRANCISCO - Yahoo agreed to sell its core assets to telecom giant Verizon for $4.8 billion, ending a 20-year run by the internet pioneer as an independent company, the firms announced Monday.
Probe into Lotte Group escalates
Business, Reuters, Published on 15/06/2016
» SEOUL - South Korean prosecutors expanded their investigation into Lotte Group yesterday with raids on at least ten firms including its biggest listed unit Lotte Chemical Corp, heaping further pressure on the country's fifth-largest conglomerate.
India's Tata Steel begins formal sale of UK unit
AFP, Published on 11/04/2016
» LONDON - Indian giant Tata Steel announced Monday the sale of a major British steel division employing 4,400 people, as it formally placed the rest of its steel assets in the country up for sale.