Anil Agarwal is Asia’s latest unconvincing new believer in shareholder value. The Indian tycoon and perennial restructurer plans to split his $10 billion Mumbai-listed mining company Vedanta (VDAN.NS) into six separately listed units spanning aluminium to copper. It will create businesses...
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Japan will take appropriate steps against excessive moves in the yen "without ruling out any options", Finance Minister Shunichi Suzuki said on Wednesday, keeping markets on alert over the chance of yen-buying intervention.
China, which aims to become a major space power by 2030, has opened up a key lunar mission to international cooperation as mission deadlines loom for setting up a permanent habitat on the south pole of the moon.
Race and relations with the indigenous Maori population have emerged as issues in New Zealand's election as right-wing parties likely to be pivotal in forming a government face accusations of stoking racial division.
Euro zone manufacturing activity remained mired in a deep and broad-based downturn last month, according to a survey which showed on Monday that demand kept shrinking at a pace rarely surpassed since the data was first collected in 1997.
Turkey said it unleashed air strikes on militant targets in northern Iraq and detained suspects in Istanbul overnight, hours after Kurdish militants said they orchestrated the first bomb attack in the capital Ankara in years.
Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated initial public offering (IPO) in New York.