Indonesian businessman Samin Tan is in talks to sell assets including all or part of his stake in Asia Resource Minerals (ARMS) to help repay Standard Chartered and Raiffeisen close to $1 billion.
Sectors
Australia says pleased with progress on China free trade pact
Australia said on Saturday it was pleased with progress on a long-planned free trade agreement with China and that it would be happy to conclude it by next week when Chinese President Xi Jinping visits.
Not clear whether weaker euro can solve growth problems: Coeure
European Central Bank Executive Board member Benoit Coeure on Friday raised doubts about whether a weaker euro would be the way to ignite growth in the euro zone.
U2's Bono defends under-fire music streaming services
Irish rocker Bono has defended Spotify from criticism it pays too little to people who create music, saying digital music streaming services are opening up new ways for musicians to reach their public.
Getty Museum sets record for Manet with $65.1 million purchase of 'Le Printemps'
French Impressionist painter Edouard Manet's "Le Printemps," which set a world record price for the artist when it sold at auction for $65.1 million at Christie's on Wednesday evening, will be going to the J. Paul Getty Museum in Los Angeles.
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U.S. authorities said Thursday they have shut down the successor website to Silk Road, an underground online drug marketplace, and charged its alleged operator with conspiracy to commit drug trafficking, computer hacking, money laundering and other crimes.
Alibaba Group Holding Ltd's Executive Chairman Jack Ma said on Friday the e-commerce giant's deliveries in the annual Nov. 11 'Singles' Day' shopping event could be affected by next week's Asia Pacific Economic Cooperation (APEC) summit in Beijing.
Apple Inc pulled a "bait and switch" move to force GT Advanced Technologies into a money-losing deal to supply the iPhone maker with sapphire, according to an affidavit by a senior executive at the company.
U.S. taxi service firm Uber said it is in early talks with investors to raise money at a higher valuation than $17 billion it secured with June's round of funding, Financial Times reported on Friday citing people familiar with the matter.
Turkey's Atlasjet has reached a preliminary deal with European planemaker Airbus (AIR.PA) to buy around 30 aircraft worth $3 billion at list prices as it expands in eastern Europe and central Asia, two people familiar with the matter said.
Japanese cabinet ministers expressed concern about the yen's rapid fall, suggesting that the government may be trying to ward off any criticism that it is intentionally devaluing its currency to boost exporters' competitiveness.
Unfazed by slumping oil prices and battering in the stock market, firms that supply sand and guar gum for shale oil and gas companies are not ready yet to call an end to a four-year boom spurred by hydraulic fracturing technology.
Kenya's Safaricom (SCOM.NR) and U.S. company MoneyGram International (MGI.O) have agreed a deal for money to be sent from abroad to Kenya through their money transfer services, targeting more than $1 billion sent in remittances every year.
Labor unions at Italy's Monte dei Paschi di Siena (BMPS.MI) on Thursday urged the Italian government to resist what they said was pressure from the European Union for the bank to merge with another group.
