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Western Digital Corp (WDC.O) plans to raise its offer for Toshiba Corp's (6502.T) prized semiconductor unit to 2 trillion yen ($18 billion) or more, a person familiar with the matter said, marking a last-ditch effort to clinch a deal that both companies consider vital.
Chinese state-owned chemical giant, ChemChina, announced Thursday it has finalized its 43 billion US dollars acquisition of Swiss agribusiness giant Syngenta.
Japan remains optimistic about economic growth despite disappointing GDP figures.Despite the downward revision of first quarter growth, the government is confident that the economy is on the road to steady recovery, citing positive signs in other economic indicators.
A diplomatic rift between Qatar and its Gulf neighbors may cost them billions of dollars by slowing trade and investment and making it more expensive for the region to borrow money as it grapples with low oil prices.
The European Central Bank (ECB) Thursday decided here to maintain the key ECB interest rates at present levels for an extended period of time.
The global economy is set to grow 3.5% this year before nudging up to 3.6% in 2018, the Paris-based Organization for Economic Cooperation and Development (OECD) forecast on Wednesday.
Sri Lanka recorded a 15.6 percent growth in Chinese tourist arrivals in May, compared to the same period last year, although overall tourist arrivals fell by 2.5 percent, statistics from the Sri Lanka Tourism Ministry showed Wednesday.
Oil jumped after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut ties with Qatar on Monday while sterling slipped after the weekend attacks in London that killed at least seven people and wounded 48, just days before Britain's general national election.
As China continues its moves to contain leverage and financial risks, its growth may slow, but a steep decline is unlikely due to a buttressing effect from reforms and burgeoning new growth drivers.
Lotte Mart, the retail arm of South Korea's Lotte Group, is expected to sell some of its loss-making stores in China, a South Korean newspaper reported.