South Korea picks GE to supply engines for homegrown fighter jets

SEOUL (Reuters) - South Korea has picked General Electric Co to supply engines for its homegrown KF-X fighter jet project, preferring the U.S. giant over a European consortium in a deal that could be worth an estimated $3.5 billion.

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Takata committee in rescue talks with KKR, other investors: sources

TOKYO (Reuters) - KKR & Co and other investors are in separate talks with a committee overseeing a restructuring of Japan's Takata Corp about a financial investment to bail out the embattled auto parts maker, people familiar with the matter said on Thursday.

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Japan Seven & i shareholders approve new president, but predecessor lingers

TOKYO (Reuters) - Shareholders of Japan's biggest retail conglomerate Seven & i Holdings approved on Thursday the appointment of its new president, Ryuichi Isaka, a choice backed by U.S. activist investor Daniel Loeb but opposed by Isaka's long-reigning predecessor.

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MIDEAST STOCKS – Factors to watch – May 26

DUBAI, May 26 (Reuters) - Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy.

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Brent oil pushes above $50 for first time in nearly seven months

SINGAPORE (Reuters) - Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week.

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