Business

JPMorgan Chase & Co has stopped working on a Chinese firm's initial public offering amid an investigation by U.S. authorities into its hiring practices in China, people with direct knowledge of the matter told Reuters on Tuesday. It is the...

UniCredit (CRDI.MI) has sold some of the risk on a 910 million euro ($1.2 billion) portfolio of Italian project finance loans, freeing up capital for new lending and benefiting from growing appetite for such deals from specialist investors. The deal...

British engineering company Rolls-Royce (RR.L) is expected to make a public offer on the Finnish ship and power plant engine maker Wartsila (WRT1V.HE), a newspaper reported on Tuesday, citing unnamed investors. Rolls-Royce could offer at least 50 euros per Wartsila...

Anheuser-Busch InBev SA, the world's largest brewer, has agreed to buy South Korea's Oriental Brewery Co Ltd from KKR & Co and Affinity Equity Partners for $5.8 billion including debt, regaining ownership of a key Asian asset at a...

China's central bank is offering emergency funding support to commercial banks amid a spike in cash rates, sources with direct knowledge of the move told Reuters on Monday. The People's Bank of China (PBOC) will offer up to 120 billion...

Toyota Motor Corp (7203.T) may reconsider investing up to 20 billion baht ($609 million) in Thailand, and could even cut production, if political unrest drags on, the head of the Japanese automaker's local unit said on Monday. Toyota is the...

Oil major Royal Dutch Shell (RDSa.L) said on Monday it had agreed to sell stakes in a gas project in Western Australia for $1.14 billion as part of a drive to improve return on investment. Shell is selling an 8...

South Africa's ailing economy cannot afford more mine labor unrest, Finance Minister Pravin Gordhan said on Monday, after the platinum industry's main trade union said it would launch a strike at the world's top three producers this week. A wave...

Spinning off the clean-up project at Japan's wrecked Fukushima nuclear plant from the rest of operator Tokyo Electric Power's business could be an option in the future if the decommissioning runs smoothly, the company's president said. Nearly three years after...

In early 2011, Morgan Stanley Chief Executive James Gorman thought he had finally figured out how to rebuild the bank's depleted bond trading business without taking too much risk. He hired traders from rivals in areas where the bank was...