HONG KONG, March 6 (Reuters) - Private equity firm Carlyle Group ( CG ) has begun the sale process of Japanese cosmetics supplier Tokiwa Corp in a deal that could value the company at $800 million, three sources with knowledge of the matter said. Non-binding bids for the company are expected by mid-March, said the sources, who declined to be...

WASHINGTON, March 5 (Reuters) - A bipartisan group of U.S. lawmakers introduced legislation on Tuesday to give China's ByteDance about six months to divest popular short video app TikTok or face a U.S. ban, seeking to tackle national security concerns about its Chinese ownership. The bill is the first significant legislative move in nearly a year toward banning or forcing...

LONDON/SHANGHAI (Reuters) - Global drinks giants seeking to tap into younger Chinese drinkers' growing appetite for whiskies and cognacs face a challenge as they take on the producers of China's dominant liquor baijiu. Western companies like Diageo ( DEO ) and Pernod Ricard have previously focused on the luxury end of the market in China, but believe a rising number...

LONDON (Reuters) - Administrators of the Euribor bank-to-bank lending rate said on Wednesday they will roll out planned changes from May, in a move that could mean more banks contributing to a benchmark used in products from mortgages to car loans worth trillions of euros. After a series of rigging scandals shredded the reputation of interbank rates, Euribor's larger cousin...