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F1’s big players driven away
Even in a year of continual turmoil – sponsors pulling out, teams threatening a breakaway series, a race-fixing scandal – the sport has rarely seen such crises
Toyota follows Renault out of the pit lane
Lack of racing success and economic slump sees Japanese carmakers all but vanish from the top level of motor racing
Sumitomo Trust, Chuo Mitsui in merger talks
Sumitomo Trust & Banking and Chuo Mitsui Trust are in merger talks to create Japan’s largest trust bank by assets
Chuo to merge with Sumitomo
Sumitomo Trust & Banking and Chuo Mitsui have agreed to merge, which will create Japan's largest trust bank with assets under management of Y58,000bn ($647bn). The...
Sumitomo to merge with Chuo Mitsui
Sumitomo Trust & Banking and Chuo Mitsui agreed yesterday to a merger that would create Japan's largest trust bank, with total assets under management of Y58,000bn...
Lex: Sumitomo Trust / Chuo Mitsui
Japan’s number five and eight banks by market capitalisation confirmed reports they are in merger talks to form the country’s largest trust bank
NEC plans $1.6bn share sale after losses
NEC has become the latest of Japan’s large electronics companies to raise capital to shore up a recession-hit balance sheet, announcing a Y145bn issue of new shares
Eni and KazMunaiGas close to deal
The Italian energy group and the London-listed oil exploration company have signed a preliminary agreement that could result in up to $50bn of investments in Kazakhstan’s oil and gas sectors
Vedanta awaits ruling on Asarco
The Indian mining group expects a court-ordered resolution this month of its $2.56bn bid for Asarco, the bankrupt US copper miner, that executives give a ‘50-50’ chance of success
Huawei of China picked for Telenor 4G upgrade
The loss of a big contract in their Nordic stronghold underscores the challenge facing Ericsson and NSN as competition from China increases and capital expenditure by mobile operators remains weak
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