Cirque du Soleil is in advanced talks with two private equity consortia about selling a majority stake in what is the largest theatrical production company in the world, according to people familiar with the matter.
Tags: China
World Bank cuts East Asia growth forecast, warns of risks to outlook
The World Bank cut its 2015 growth forecasts for developing East Asia and China, and warned of "significant" risks from global uncertainties including the potential impact from a strengthening dollar and higher U.S. interest rates.
Brazil's iPhone investment falls short on promises of jobs, lower prices
The Brazilian iPhone was meant to mark a new era. When Taiwan's Foxconn Technology Group agreed in April 2011 to make Apple products here, President Dilma Rousseff and her advisers promised that up to $12 billion in investments over six years would transform the Brazilian technology sector, putting it on the cutting edge of touch screen development. A new supply chain would be created, generating high-quality jobs and bringing down prices of the coveted gadgets.
IEA sees sharp rise in Iran oil output in 3-5 years post nuclear deal
World oil markets will not see a significant rise in Iranian supplies for up to five years even if the OPEC member and world powers clinch a final nuclear deal by end-June, Fatih Birol chief economist and future head of International Energy Agency (IEA) said.
United States loses sparkle as Europe shows signs of hope
Investors will cast a wary eye on the latest gauges of the United States' economic health this week, while troubled Europe shows early signs of turning the corner.
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Professional social network operator LinkedIn Corp (LNKD.N) said it would buy privately held online education company lynda.com in a cash-and-stock deal valued at about $1.5 billion.
China's economy probably cooled further to grow 7 percent in the first three months of the year, a Reuters poll showed, which would be the weakest pace in six years and raise pressure on policymakers to do more to bolster growth.
Alibaba Group Holding Ltd (BABA.N) and its finance affiliate accelerated a drive to be a full-fledged Chinese online financial network, with the launch on Thursday of an e-commerce tracking stock index and plans for a June start of an internet bank.
China plans to open 10 new air corridors to help ease chronic air traffic congestion and address the problem of frequent flight delays, the official China Daily said on Wednesday, citing a senior aviation official.
A video posted by Windows Blog Italia showed a Xiaomi Mi4 running a Windows 10 OS. A video posted by Windows Blog Italia showed a Microsoft OS running in an Android smartphone.
Japan's Toyota Motor Corp (7203.T) will spend about 150 billion yen ($1.3 billion) to build two new car plants in Mexico and China, two people familiar with plans said, ending a three-year freeze imposed after unchecked growth lumbered the world's biggest auto maker with too many idle production lines.
China plans to cut red tape and reduce costs for Chinese firms looking to spread their reach overseas to help boost growth and stave off a wider economic slowdown, according to a statement from the ruling State Council.
European stock markets made solid starts to the second quarter on Wednesday as data pointing to a gradual recovery in the euro zone economy gave investors fresh impetus after their blowout first few months of the year.
Japan remains cautious about signing up to the China-led Asian Infrastructure Investment Bank (AIIB), indicating that Tokyo will miss the March 31 deadline for application, but both Taiwan and Norway said they would seek to join the institution.
