FERROVIAL ABANDONS A$1 BILLION TRANSFIELD BID
Ferrovial SA abandoned a 1.02 billion Australian dollar takeover
bid for Australia's Transfield Services Ltd., a major setback in
the Spanish construction company's plan to compete for billions of
dollars of new infrastructure projects Down Under. (published 0006
GMT)
DISH DROPS FOX NEWS CHANNEL, FOX BUSINESS NETWORK--UPDATE
Satellite-TV provider Dish Network Corp. is no longer carrying
21st Century Fox's Fox News Channel and Fox Business Network after
the companies couldn't come to terms on a new distribution
contract. (published 2118 GMT Sunday)
CHINA'S XIAOMI RAISES OVER $1 BILLION IN INVESTMENT ROUND
Xiaomi Corp. is raising more than $1 billion in its latest round
of funding, valuing the fast-growing Chinese smartphone maker at
more than $45 billion and making it one of the most valuable
technology startups in the world, a person familiar with the matter
said. (published 1636 GMT Saturday)
DEUTSCHE BANK TO REVIEW STRATEGY NEXT YEAR
Germany's Deutsche Bank AG will review its business model as a
global investment and transaction bank with local retail-banking
operations next year, the co-chief executives Anshu Jain and Jurgen
Fitschen told German weekly Welt am Sonntag Sunday in a joint
interview. (published 0934 GMT Sunday)
CITIGROUP WAS WARY OF METALS-BACKED LOANS
Citigroup Inc. pushed forward on a series of ill-fated metal
financing deals in China despite internal warnings about the risks,
leaving it exposed to losses that could take a big bite out of its
growing commodities business. (published 2040 GMT Sunday)
JAPAN OIL REFINER IDEMITSU KOSAN IN TALKS TO BUY SHOWA SHELL
Japan's second-biggest oil refiner and distributor, Idemitsu
Kosan Co., says it is in talks to buy industry peer Showa Shell
Sekiyu K.K. as falling domestic oil demand pinches the margins of
wholesalers. (published 1036 GMT Saturday)
SIHUAN PHARMACEUTICAL: JOINT VENTURE TO BUY HOSPITAL STAKE
Sihuan Pharmaceutical Holdings, a Chinese pharmaceutical
company, said Monday that one of its joint ventures will receive a
capital injection of 830.7 million yuan to buy a stake in a Chinese
hospital. (published 0016 GMT)
CHINA AIRCRAFT LEASING TO SELL SOME FINANCE LEASE RECEIVABLES FOR $103 MLN
State-owned China Aircraft Leasing Group said Sunday that it
entered into an agreement to sell its finance lease receivables for
three aircraft to an independent trust for $103 million. (published
0003 GMT)
BANK OF EAST ASIA: THOMAS KWOK CONVICTION WON'T IMPACT COMPANY
Bank of East Asia Ltd., Hong Kong's leading independent
home-grown bank, said Monday that the conviction of Thomas Kwok
wouldn't have any impact on the company. (published 0040 GMT)
NZ KATHMANDU WARNS OF SOFT SALES AHEAD OF CHRISTMAS
Kathmandu Holdings is warning same stores sales for the
important pre-Christmas period were lower on year due to softness
in the Australian market. (published 2155 GMT Sunday)
ABANO HEALTHCARE SEES SHARPLY HIGHER FY15 NET PROFIT
Abano Healthcare Group saw its net profit in the first half of
the 2015 financial year rise sharply on year driven by growing
revenues and improvement in same store earnings. (published 2123
GMT Sunday)
CHINA INVESTIGATES EXECUTIVE AT NISSAN JOINT VENTURE
A Chinese executive at Nissan Motor Co.'s joint venture in China
is under investigation for alleged corruption, as Beijing's
antigraft drive continues to focus on state-run companies.
(published 0502 GMT Sunday)
U.S. APPROACHES CHINA IN EFFORT TO RESPOND TO NORTH KOREAN HACKING
The Obama administration is seeking assistance from China as
U.S. officials craft President Barack Obama's promised response to
North Korea's cyberattack on Sony Pictures, senior administration
officials said Saturday. (published 0043 GMT Sunday)
FORMER PETROBRAS EXECUTIVE GIVES COMPUTER DATA TO PROSECUTORS
A former executive of Petroleo Brasileiro SA met with Brazilian
federal prosecutors for five hours on Friday and handed over a
computer containing documents that purportedly show that the
company's chief executive and board of directors were made aware of
an alleged bribery scheme at the company as far back as 2009,
according to the former executive's lawyer. (published 1715 GMT
Saturday)