Marubeni Corp., Japan's biggest grain trading company, is in exclusive talks to buy U.S. grain and energy trader Gavilon LLC for about $5.2 billion including debt, media reports said Tuesday, citing sources close to the deal.
Japanese technology conglomerate Toshiba Corp said Tuesday that its net profit for the three months ending March 31 declined 63 percent from a year earlier on a strong yen and weak global sales of digital products.
Asian stock markets advanced Tuesday, recovering from their biggest fall in six months in the previous session on concerns over election results in France and Greek.
Shares of Yahoo (Nasdaq: YHOO), the No. 3 search engine rose slightly after dissident investor Third Point Capital demanded access to confidential data.
Temasek Holdings Pte. Ltd., the Singaporean sovereign-investment vehicle and RRJ Capital, a private equity fund run by former Temasek executive Richard Ong, will jointly invest about $468 million in Houston's Cheniere Energy Incorporated (Nyseamex: LNG), as Singapore pursues its goal of becoming an Asian hub for liquid natural gas (LNG).
Micron Technology Inc. (NYSE: MU), the only U.S. maker of memory chips, has won a bid for the assets of rival Elpida Memory of Japan, which collapsed in February.
The U.S. is pushing India to cut its imports of Iranian oil. But even as Secretary of State Hillary Clinton arrived in Kolkata on Sunday to discuss the issue along with U.S.-India economic ties, a larger Iranian delegation was simultaneously traveling through New Delhi.
Shares of Yahoo (Nasdaq: YHOO), the No. 3 search engine rose after the company said it was reviewing challenged backgrounds of top executives.
Asian stock markets plunged Monday as weaker-than-expected US employment report and election results from Europe weighed on investor sentiment.
Ballots continue to be counted in France and Greece -- where the architects of the austerity solution to Europe's sovereign-debt problem have been advised to turn over their drafting supplies -- but investors are still voting, with their feet, as they appear to be moving out of higher-risk asset classes into lower-risk ones.
Samsung has finally launched its flagship Galaxy S3 phone. The official commercial of the phone is also out, which shows that the phone is made for the humans, giving a direct hint towards the natural interaction features that the company has provided in the phone.
Depressed theater sales in the U.S. and bullish predictions about China's growing film market are driving big Hollywood directors and major studios to look across the Pacific for growth opportunities.
Mitt Romney assailed the Obama administration for its handling of Chinese dissident Chen Guangcheng's attempted defection, building on his stance that Obama has not pressed China enough on human rights abuses.
Over one in 10 babies were born prematurely in the U.S. in 2010.
Asia is doubling the size of its foreign currency reserve safety net to $240 billion, finance ministers and central bank officials announced Thursday following a 13-nation meeting in Manila. The reserve funds a multilateral currency swap agreement aimed at protecting Asian markets from global economic crises.
Platinum supply worldwide is expected to remain in surplus this year, in what will be its eighth consecutive year in surplus, Thomson Reuters GFMS said Thursday.
Up until now, India had adamantly opposed sanctions against Iran.
In a major victory for the US-EU led sanctions on Iran, the Indian government has asked top two importers of Iranian crude to cut their imports by at least 15 percent this year, the Wall Street Journal WSJ reported, quoting industry sources.
US Treasury Secretary Timothy Geithner said Thursday that China should allow its currency to increase in value against the dollar to support the reforms in the country's financial system.
Gemba also called on Israel and Palestinians to resume direct peace talks which have been on hold since September 2010
The potential third test could involve a device using highly-enriched uranium for the first time.
Electronic signals originating from North Korea have been allegedly intercepting scores of civilian aircrafts in and out of South Korea, after Pyongyang's recent threats of offensive action, including a sacred war, against the South.
