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View all search resultsJapan's Nippon Steel has proposed giving the US government veto power over any potential cuts to US Steel's production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker, a source familiar with the matter said on Tuesday.
Honda and Nissan are expected on Monday to announce the start of business integration talks, two people familiar with the matter told Reuters, as the carmakers strive to survive a rapidly changing industry landscape.
German engineering group Robert Bosch is weighing a bid for US appliances manufacturer Whirlpool, according to three people familiar with the matter, a move that would boost its position in the household appliances market.
Aramco reported record profits in 2022 after Russia's invasion of Ukraine sent oil prices soaring, allowing Saudi Arabia to record its first budget surplus in nearly a decade. But the Saudi cash cow saw its profits drop by a quarter last year because of lower oil prices and production cuts.
Publicly listed telecommunication companies PT XL Axiata and PT Smartfren Telecom are considering a merger to create a new industry entity called MergeCo, according to a disclosure notice released on Wednesday.
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