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Tata Steel to launch UK sale process by Monday: UK minister

India's Tata Steel will launch the formal sale process for its British assets by Monday and give a “reasonable” timeframe to find a buyer, Britain's business minister said after meeting the company's chairman in Mumbai. Prime Minister David Cameron's government has sought to broker a deal with potential buyers after Tata Steel put its British operations up for sale last week, threatening thousands of jobs. Tata had said it wanted…

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Tata Steel to launch UK sale process by Monday: UK minister

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Foxconn seals $3.5 billion takeover of Sharp as executives seek to shake off doubts

By Makiko Yamazaki SAKAI, Japan (Reuters) – Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp …

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Foxconn seals $3.5 billion takeover of Sharp as executives seek to shake off doubts

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Britain says government contracts must consider local steel firms

Britain said on Sunday that all public sector contracts that involve steel supplies must specifically consider UK steel companies as part of plans to find a long-term solution for the country's steel industry. The government is looking for ways to support domestic steel producers after India's Tata Steel put its British plants…

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Britain says government contracts must consider local steel firms

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U.S. judge strikes down MetLife designation of ‘too big to fail’

MetLife had argued in court that the Financial Stability Oversight Council (FSOC), made up of the heads of the country's financial regulatory agencies, used a secretive and flawed process when in 2014 it designated the …

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U.S. judge strikes down MetLife designation of ‘too big to fail’

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Fed’s Williams urges U.S. central bank to stay on track with rate rises

“Others' economic fates do not spell our own,” Williams said in prepared remarks before an audience at the National University of Singapore. The U.S. central bank left interest rates unchanged two weeks ago and signaled its cautiousness by forecasting two further rate hikes this year, down from four at its December meeting, when the Fed raised rates from near zero for the first time in almost a decade.

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Fed’s Williams urges U.S. central bank to stay on track with rate rises

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Orange and Bouygues boards to meet Wednesday on telecoms tie-up: sources

The Orange and Bouygues boards are scheduled to meet separately on Wednesday to discuss the planned sale of Bouygues's telecom unit, two sources close to the matter said. With one day remaining before the deadline set by both companies for agreement on the 10 billion euro …

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Orange and Bouygues boards to meet Wednesday on telecoms tie-up: sources

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Chrysler to recall 60,000 SUVs in China over ABS braking issue: watchdog

SHANGHAI (Reuters) – Fiat Chrysler Automobiles NV's China unit will recall over 60,000 sport-utility vehicles in the country due to issues related to the cars' anti-skid braking (ABS) systems, a Chinese regulator said in a statement on Tuesday. China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said that under …

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Chrysler to recall 60,000 SUVs in China over ABS braking issue: watchdog

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China’s Anbang challenges Marriott with $13 billion Starwood offer

The non-binding bid, unveiled on Monday, just days after Anbang agreed to acquire Strategic Hotels & Resorts Inc from buyout firm Blackstone Group LP for $6.5 billion, would represent by far the biggest Chinese investment in U.S. real estate assets. The head of China's insurance regulator, Xiang Junbo, wrote in January in a magazine published by the country's central bank that Chinese insurers should venture overseas for investments. Anbang's $2 billion acquisition…

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China’s Anbang challenges Marriott with $13 billion Starwood offer

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China lays out its vision to become a tech power

China aims to become a world leader in advanced industries such as semiconductors and in the next generation of chip materials, robotics, aviation equipment and satellites, the government said in its blueprint for development between 2016 and 2020. In its new draft five-year development plan unveiled on Saturday, Beijing also said it aims to use the internet to bolster a slowing economy and make the country a cyber power. China aims to boost its R&D spending to 2.5 percent of gross domestic product for the five-year period, compared with 2.1 percent…

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China lays out its vision to become a tech power

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Yahoo launches auction process as Starboard gears up for fight

Yahoo shares jumped after the company announced its board has formed a committee of independent directors to explore strategic alternatives, and that it has hired investment banks and a law firm to run the process. The launch of the auction process, a move activist hedge fund Starboard Value and other shareholders have pushed since late last year, showed the company was moving another step closer …

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Yahoo launches auction process as Starboard gears up for fight

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