Brookfield Eyes $6.8 Billion Takeover of Australia's Asciano -- Update
Australian port-and-rail operator Asciano Ltd. received an 8.83
billion Australian dollar offer from Brookfield Infrastructure
Partners L.P. that would, if successful, be one of Asia's biggest
takeover deals so far this year. (published 0548 GMT)
Engie Buys 95% Stake in France's Solairedirect
French energy group Engie SA said it bought a 95% stake in
Solairedirect, increasing its presence in the solar energy sector.
(published 0558 GMT)
Alibaba Strikes Entertainment Deal in China
Internet giant Alibaba Group Holding Ltd., Chinese film company
DMG Entertainment and China's Hunan Satellite Television are
striking a deal to expand subscription-based Internet, cable and
mobile entertainment to Chinese consumers. (published 0545 GMT)
Court Rejects Hedge Fund's Motion to Block Merger of Samsung Affiliates
A South Korean court on Wednesday rejected a motion by a U.S.
hedge fund to block a planned $8 billion takeover of the
construction arm of the Samsung conglomerate by the de facto
holding company of the business group, clearing the way for
shareholders to vote on the deal. (published 0236 GMT)
Singapore's GrabTaxi Raises Over $200 Million
More cash is pouring into the increasingly competitive
ride-hailing business in Asia, fueling local competitors to global
market leader Uber Technologies Inc. (published 0544 GMT)
TeliaSonera and Telenor Announce Danish JV Appointments
Scandinavian telecom operators TeliaSonera AB and Telenor ASA
Wednesday announced the first management appointments to their
proposed Danish joint venture company, ahead of EU Commission
approval which is expected during the second half of 2015.
(published 0524 GMT)
SAS Boosts US, Asia Flights as Long Haul Expansion Continues
Scandinavian airline SAS AB is increasing the number of
departures from Stockholm to Chicago and from Copenhagen to
Shanghai as it looks to expand its long haul network and meet
higher demand for flights to the U.S. and Asia. (published 0547
GMT)
Sprint Hangs Up on Throttling Policy
Sprint Corp. said it would end a policy of slowing video speeds
for unlimited data customers, after an outcry over the practice
undermined the carrier's attempt to promote a new phone plan
Tuesday. (published 0241 GMT)
Briscoe Group Makes Takeover Bid for 100% of Kathmandu
Briscoe Group Ltd. made a takeover bid Wednesday for all the
shares it doesn't own in outdoor clothing and equipment retailer
Kathmandu Holdings Ltd. . (published 0354 GMT)
Jim Rogers Joins Singapore's Temasek to Start Diamond Exchange
Investor Jim Rogers and Singapore's state investment firm
Temasek Holdings have invested in a commodities exchange for
physically settled diamonds. (published 0306 GMT)
Shou Zi Chew Joins Xiaomi as CFO
Chinese smartphone maker Xiaomi Corp. said Wednesday that a
former partner of Russian investment firm DST Global has joined it
as chief financial officer, its latest hire of a senior executive
with an international background. (published 0305 GMT)
Alpha Natural Resources Creditors Ready for Possible Restructuring Talks
Creditors of Alpha Natural Resources Inc. have hired advisers to
prepare for possible restructuring talks ahead of an August debt
payment, as the coal-mining company grapples with an industrywide
slump. (published 0328 GMT)