Multinationals face heftier tax bills under OECD proposals . Governments will get more power to tax big multinationals doing business in their countries under a major overhaul of decades-old cross-border tax rules outlined on Wednesday by the Organisation for Economic Cooperation and Development.

Mail.Ru and partners team up with Alipay for Russian payment JV . Russian internet company Mail.Ru said on Wednesday it had agreed a joint venture with Alipay, the mobile payments arm of Alibaba Group, along with the Russian Direct Investment Fund (RDIF) and two other Russian partners.

UPDATE 5-Chinese organisers cancel NBA fan event amid free speech row . Row threatens NBA's multibillion-dollar China business (Adds game advertisements' being torn down and delayed news conference)

UPDATE 1-China's Hikvision says U.S. blacklisting could hurt in the short-term . China's Hikvision said on Wednesday a decision by the U.S. government to place it on a trade blacklist could have a short-term impact on the video surveillance company's performance.

China's Hikvision says blacklist could impact performance . China's Hikvision said on Wednesday a decision by the U.S. government to place it on a trade blacklist could have a short-term impact on the video surveillance company's performance.

UPDATE 1-Britain's Kingfisher names Bernard Bot as finance chief . British home improvement group Kingfisher completed the line up of its top management with the appointment of Bernard Bot as its new finance chief on Wednesday.

UPDATE 1-Ladbrokes-owner GVC raises full-year profit forecast for second time . Ladbrokes-owner GVC on Wednesday raised its full-year core earnings forecast for the second time in three months, as betting shops proved resilient despite tighter regulation and online gambling rose.

Top shareholder in Japan's Unizo says wants explanation after $1.3 bln about-face . The top shareholder in Japan's Unizo Holdings on Wednesday pressed the hotel operator to explain its abrupt change of heart towards a takeover offer, citing concern about a lack of disclosure and the risk of conflicts of interest.

UPDATE 1-Delivery service firm Takeaway's quarterly orders surge on acquisitions . Dutch online food delivery company Takeaway.com reported an 87% increase in third-quarter orders on Wednesday, driven by organic growth and acquisitions.

Kingfisher names Bernard Bot as finance chief . British home improvement group Kingfisher has appointed Bernard Bot as chief financial officer, it said on Wednesday.