German envoy says Siemens row could hurt investment in Russia: report
MOSCOW (Reuters) – Russia will have seriously hurt its prospects for attracting investment if it is confirmed Siemens-made power turbines have been delivered to Crimea, the German ambassador to Moscow was quoted as saying by Interfax news agency.
Toshiba in talks with Western Digital, Foxconn over chip unit sale: sources
TOKYO (Reuters) – Toshiba Corp is in talks with Western Digital Corp and Taiwan’s Foxconn, as well as with an already preferred bidder, as it seeks to revive a stalled $18 billion sale of its chip business, banking sources said on Tuesday.
Western Digital says it matched rivals’ bids for Toshiba chip unit
(Reuters) – Western Digital Corp said it matched rival bidders’ offers to acquire Japanese conglomerate Toshiba Corp’s flash memory unit ahead of a court hearing on Friday over whether to halt the auction process.
Pearson cashes in $1 billion of its Penguin Random House stake
LONDON (Reuters) – Pearson is set to raise $1 billion from the sale of a 22 percent stake in book publisher Penguin Random House to majority owner Bertelsmann , in the British group’s latest bid to rebuild following a string of profit warnings.
Venezuela’s PDVSA says could seek to renegotiate October debt payment
ISTANBUL (Reuters) – Venezuelan state oil producer PDVSA could seek to renegotiate a looming October bond payment given low oil prices, Hector Andrade, PDVSA’s managing director for planning, said on Tuesday.
Amazon wins India’s approval to invest in domestic food retail
MUMBAI (Reuters) – Online retail giant Amazon.com Inc has secured approval to stock and sell food and groceries in India, potentially expanding its business in the fast-growing economy where it is in a pitched battle with home-grown rival Flipkart.
Chief of bitcoin exchange Mt. Gox denies embezzlement as trial opens
TOKYO (Reuters) – The 32-year-old chief executive of defunct Mt. Gox pleaded not guilty on Tuesday to charges relating to the loss of hundreds of millions of dollars worth of bitcoins and cash from what was once the world’s biggest bitcoin exchange.
Lawyer withdraws as attorney for Japanese mogul Okada in Wynn lawsuit
LAS VEGAS (Reuters) – A lawyer representing Japanese casino tycoon Kazuo Okada in a legal battle with Wynn Resorts Ltd on Monday withdrew his representation of Okada, the latest fallout from a conflict between Okada and Japan’s Universal Entertainment …
Oil rises on firm short-term demand outlook; overall market still weak
SINGAPORE (Reuters) – Oil prices edged up early on Tuesday, lifted in part by a strong demand outlook for the coming weeks, but overall market conditions remain weak on the back of ample supplies and a more subdued outlook for long-term demand.
Bonds and emerging market currencies’ selloff resumes
LONDON (Reuters) – The dollar hit a four-month high against the yen and bonds and top emerging market currencies were back under pressure on Tuesday, on bets for higher interest rates in a small but growing group of major economies.
