04:27 AM EST, 12/26/2024 (MT Newswires) -- KKR (KKR) and Bain Capital have each offered more than $5 billion in first-round offers for the non-core assets of Japan's Seven & i Holdings, Reuters reported Wednesday, citing unnamed people familiar with the matter. Two sources told Reuters that KKR offered about 800 billion Japanese yen ($5.08 billion) for York Holdings, a...

04:36 AM EST, 12/26/2024 (MT Newswires) -- US Steel's (X) pending takeover by Nippon Steel got an extended closing date of Q1 2025 from Q3 or Q4 2024 previously. The Japanese firm said Thursday it revised the terms of the nearly $15 billion bid after the Committee on Foreign Investment in the United States, or CFIUS, failed to agree on...

SINGAPORE/LONDON (Reuters) -Oil edged higher on Thursday in thin holiday trade driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer, and supported by an industry report showing a decline in U.S. crude inventories. Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, Reuters reported on Tuesday,...

04:27 AM EST, 12/26/2024 (MT Newswires) -- Alibaba Group Holding ( BABA ) has agreed to merge its South Korean operations with E-Mart's e-commerce platform, Gmarket, news outlets reported Thursday, citing a company regulatory filing. AliExpress International and Gmarket will form a 50-50 joint venture and plan to make further investments in the new company, Bloomberg News reported. The new...