5 Latest International Business News

Source: Reuters

EQT frontrunner for Siemens hearing-aids business: sources

FRANKFURT/LONDON – German engineering group Siemens is in advanced talks to sell its hearing-aids business for more than 2 billion euros ($2.5 billion), with private equity firm EQT the frontrunner, two people familiar with the matter said

China to pitch high-speed trains to California

SHANGHAI – State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signaling China’s growing export ambitions for such technology after building the world’s longest network in just seven years.

Standard Life, ICBC to broaden cooperation in China, UK, Hong Kong

LONDON – British insurer Standard Life and Industrial and Commercial Bank of China (ICBC) said on Wednesday they had agreed to look at developing savings and investment services together.

TOKYO – SoftBank Corp announced Wednesday it will lead a $100 million investment round in Indonesian ecommerce giant PT Tokopedia, the Japanese mobile carrier’s third investment overseas under Vice Chairman Nikesh Arora.

Sony Pictures TV acquires stakes in Israeli telenovela channels

JERUSALEM – Sony Pictures Television agreed to buy 50 percent stakes in two Israeli telenovela cable TV channels from Dori Media Group, the companies said on Tuesday.