Takata to file for bankruptcy Monday, SMFG to provide bridge loan: sources
TOKYO (Reuters) – Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.
China’s Dalian Wanda Group denies ‘rumors’ of bond sales
BEIJING (Reuters) – China’s Dalian Wanda Group Co denied as “malicious speculation” that some Chinese banks had ordered the sale of its bonds, the company said in a statement on Thursday.
Home Capital to get C$2 billion loan from Berkshire Hathaway
(Reuters) – Home Capital Group Inc said billionaire Warren Buffett’s Berkshire Hathaway Inc will provide a new C$2 billion ($1.50 billion) line of credit to its unit Home Trust Co, ending the Canadian lender’s strategic review process.
Foxconn plans U.S. display making plant for over $10 billion, scouting for location
TAIPEI (Reuters) – Foxconn , the world’s largest contract electronics maker and a major Apple Inc supplier, plans to invest more than $10 billion in a display-making factory in the United States and will decide on the location of the plant next month….
Mexico’s Supreme Court rules in spat related to telecom reform
MEXICO CITY (Reuters) – Mexico’s Supreme Court ruled on Wednesday in a spat over interconnection rates paid between telecommunications firm America Movil and rivals that touches on a bigger case related to an antitrust reform the company is fighting.
European stock markets stumble as oil languishes near lows
LONDON (Reuters) – European stock markets fell for a third straight day on Thursday, as battered oil prices hovered near seven-month lows hit overnight on worries about a supply glut and falling demand.
Toshiba shares slip as it gears up for chip unit sale
TOKYO (Reuters) – Shares of Toshiba Corp skidded on Thursday, as the company aims to seal a deal worth some $18 billion by next week for the sale of its chip business needed to cover massive losses.
Exclusive: Sycamore Partners close to deal to acquire Staples – sources
(Reuters) – Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion.
Compelling Vietnam: Foreign investors unfazed by Trump’s trade deal rebuff
HANOI (Reuters) – Every 45 seconds or so, a neatly wrapped VanHeusen dress shirt destined for a J C Penney store in the United States drops off a new production line at a factory north of Vietnam’s capital.
Amazon’s grocery push playing catch up with Chinese e-commerce giants
BEIJING (Reuters) – As Amazon.com Inc looks to swallow U.S. grocery chain Whole Foods, China’s tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better su…
