BEIJING, May 14 (Reuters) - China's state-owned planemaker COMAC has preliminary drafts for a new widebody jet called the C939, the South China Morning Post reported, likely a larger version of COMAC's first twin-aisle C929 which is itself still under design. China, through the Commercial Aircraft Corporation of China (COMAC), is investing heavily in designing and manufacturing homegrown aircraft in...

RIYADH, May 14 (Reuters) - Saudi Arabia plans to merge the company behind its Qiddiya desert mega leisure development with entertainment business SEVEN, Qiddiya said on Tuesday in what sources told Reuters was a move to get the multi-billion-dollar project back on track. Delays have beset the kingdom's efforts to open up the economy and ease tight social restrictions, with...

MUMBAI, May 14 (Reuters) - A consortium including Blackstone, Singapore state fund GIC and Abu Dhabi Investment Authority (ADIA) is in talks with India's Haldiram's for a majority stake in its snacks business at a valuation of up to $8.5 billion, two sources with direct knowledge said. Haldiram's, a household name in India, has more than 150 restaurants selling local...

MELBOURNE (Reuters) - BHP Group ( BHP ) is likely to sweeten its $43 billion takeover offer for Anglo American for a second time and possibly add cash, investors in both companies said on Tuesday, after the London-headquartered target rejected a higher bid. Anglo said the improved all-share offer, up 10% from BHP's initial proposal, continued to significantly undervalue the...