Elliott takes $1 billion stake in Anglo American as miner faces takeover interest
Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC.
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Carlyle nears to buy KFC Japan's shares from Mitsubishi Corp
TOKYO -- U.S. fund manager Carlyle Group is close to acquiring KFC Holdings Japan, the operator of the Kentucky Fried Chicken fast-food chain in the country, Nikkei has learned.
Muslim groups claim double standards in police handling of two high-profile stabbings in Sydney
NEWCASTLE, Australia (AP) — Muslim groups in Australia on Friday criticized the disparity in the police response to two stabbing attacks in Sydney this month, saying it had created a perception of a double standard and further alienated the country’s minority Muslim community.
Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says
Former Tesla executive Drew Baglino, who announced his resignation earlier this month, sold shares in the electric vehicle company worth around $181.5 million, according to a filing on Thursday with the SEC.
Hyundai Motor Q1 profit falls as EV demand weakens
SEOUL -- Hyundai Motor's operating profit fell slightly in the first quarter from the same period a year ago on subdued growth in the global electric vehicle market as hybrid cars find more favor with consumers.
Soros fund among investors in Japan electricity exchange startup
TOKYO -- A group of 17 trading, power and gas companies, as well as George Soros's Soros Capital Management, will invest 5 billion yen ($32 million) in a Japanese startup operating an online electricity exchange, Nikkei has learned, in an effort to smooth out wholesale prices and help small power retailers compete.
Vietnam's Masan Group weighs IPO for consumer unit
HO CHI MINH CITY -- Vietnamese conglomerate Masan Group said Thursday that an initial public offering is a possibility for its consumer arm, in what could be the country's largest-ever stock market debut.
U.S. agency bars Chinese telecom carriers from offering broadband
WASHINGTON (Reuters) -- The Federal Communications Commission said on Thursday it is ordering the U.S. units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the United States.