Brazil's OSX in Talks With Creditors to File New Recovery Plan

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OSX Brasil SA's chief financial officer says the shipbuilder intends to file a new rescue plan before mid-September while it still has protection from creditors' claims.

New Hope for Dubai IPO Market

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Five years after Dubai teetered on the brink of financial disaster, there are signs emerging that the emirate's IPO market is returning to life as the owner of the world's largest shopping mall prepares to sell shares to the public.

Luxottica CEO Steps Down

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Luxottica Group SpA, the world's largest eyewear maker, said Andrea Guerra had stepped down as chief executive, as expected, after almost 10 years.

New Codelco CEO to Study Expansion Plans

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Nelson Pizarro on Monday took over the helm of Corporación Nacional del Cobre de Chile and promised to take a close look at the company's ambitious expansion plans.

Malaysia Set to Implement Consumption Tax

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Malaysia's government is on track to introduce a long-delayed consumption tax of 6% in April 2015, Dato' Sri Abdul Wahid Omar, minister in charge of economic planning, said Monday.

Samsung Makes Restructuring Move

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In the latest restructuring move among Samsung Group companies, the shipbuilding and engineering businesses of South Korea's largest conglomerate said they will merge.

OSI Turns Over Plant's Management in China

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OSI will let an arm of U.S.-based Golden State Foods manage a China plant, as OSI attempts to rebound from accusations that it sold past-due meat.

Heineken Sells Mexican Can Maker to Crown

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Heineken has sold its Mexican packaging business to Crown Holdings for $1.23 billion in cash, allowing the Dutch brewer to tighten its focus on beer and the U.S. group to entrench its beverage-can business in North America.

China Factory Output Slows

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China's economy faces further headwinds after two measures of factory output decelerated in August, adding pressure on Beijing to stimulate growth to meet the nation's annual target.

Yuan's Fall Hurts Chinese Profits

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Chinese companies are reporting profit hits from the weaker yuan, after borrowing billions of dollars from the U.S., Hong Kong and elsewhere abroad—and the problem is likely to continue.

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