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The Sheikh Who Dominates One Of The World's Hottest Stock Markets
The United Arab Emirates' rulers will soon achieve a distinction they've long coveted. Their once sleepy stock exchanges will be home to companies valued at $1 trillion.
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Alibaba Extends Bricks-And-Mortar Retail Push With Bailian Deal
The move comes on the heels of a recent purchase of a stake in retailer Suning Commerce Group Co Ltd as well as plans to take a controlling stake in Intime Retail Group Co Ltd and privatise it.
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Samsung Electronics Sells Shares In Four Companies
Tech giant Samsung Electronics Co Ltd said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technology Plc to free up money for additional investments for its core businesses.
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China Sacks Tianjin Port Chief After Blasts: Reports
China has fired the president of Tianjin Port Group and plans to prosecute him for dereliction of duty, state media said today, almost three months after huge chemical blasts at the northern port managed by the firm killed more than 160 people.
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Buffett's Berkshire Adds to Favourites IBM, Wells Fargo
Warren Buffett's Berkshire Hathaway Inc on Friday said it has boosted its holdings in some of the billionaire's favourite companies, including Wells Fargo & Co and International Business Machines Corp.
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5 Biggest Chinese Carmakers
Another Chinese automaker is showing vehicles this year at the auto show in Detroit, raising the perennial question about when these companies might start selling in the international markets.
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China proves a better bet than Japan for Asia hedge fund investors
For investors in Asian hedge funds, it was China and not the region's hottest major market, Japan, that provided the best bang for the buck in 2013 - a result set to ensure greater capital inflows into steadily growing China-focused funds.
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KKR to pay $500 million for Warburg stake in Alliance Tire Group: report
U.S. private equity firm KKR & Co LP has agreed to buy a controlling stake in Indian tyre maker Alliance Tire Group for about $500 million from Warburg Pincus LLC, three sources with direct knowledge of the matter told Reuters.
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Pharma giant Novartis waits nervously on Glivec drug patent verdict today
Global drugmakers, battered by recent intellectual property decisions in India, are girding for a landmark court ruling on Monday with broad consequences for their ability to sell lucrative patented medicines in the country.
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JPMorgan, MF Global trustee reach $546 mn settlement
JPMorgan Chase & Co has reached a $546 million settlement with the trustee liquidating the failed broker-dealer unit of MF Global Holdings, a court filing showed, an amount that will help repay the brokerage's customers.
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Capital One to sell $7 billion worth Best Buy card portfolio to Citigroup
Capital One Financial Corp said it agreed to sell to Citigroup Inc its $7 billion portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co Inc.
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Reader's Digest parent company files for bankruptcy again
The owner of magazine Reader's Digest, once the staple of doctors' offices and coffee tables, has filed for bankruptcy for the second time in less than four years, citing a greater-than-expected decline of the media industry.
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Nikkei advances as financials storm higher
Japan's Nikkei share average rebounded on Tuesday, boosted by financials after a U.S. Treasury official voiced support for Japan's aggressive policies to combat deflation and bolster growth, while a softer yen propped up some exporters.
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Citigroup may exit consumer banking in more countries
Citigroup Inc is looking to pull out of consumer banking in more countries in an effort to lower costs and boost profits, according to two people familiar with the matter.
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Happy hour in Asia as global liquor firms eye deals
The biggest global alcohol companies are sizing up buyout and tie-up opportunities in China, India, South Korea and Vietnam, keen to profit from a $258 billion Asian market that is growing twice as fast as the rest of the world.
-
The Sheikh Who Dominates One Of The World's Hottest Stock Markets
The United Arab Emirates' rulers will soon achieve a distinction they've long coveted. Their once sleepy stock exchanges will be home to companies valued at $1 trillion.
-
Alibaba Extends Bricks-And-Mortar Retail Push With Bailian Deal
The move comes on the heels of a recent purchase of a stake in retailer Suning Commerce Group Co Ltd as well as plans to take a controlling stake in Intime Retail Group Co Ltd and privatise it.
-
Samsung Electronics Sells Shares In Four Companies
Tech giant Samsung Electronics Co Ltd said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technology Plc to free up money for additional investments for its core businesses.
-
China Sacks Tianjin Port Chief After Blasts: Reports
China has fired the president of Tianjin Port Group and plans to prosecute him for dereliction of duty, state media said today, almost three months after huge chemical blasts at the northern port managed by the firm killed more than 160 people.
-
Buffett's Berkshire Adds to Favourites IBM, Wells Fargo
Warren Buffett's Berkshire Hathaway Inc on Friday said it has boosted its holdings in some of the billionaire's favourite companies, including Wells Fargo & Co and International Business Machines Corp.
-
5 Biggest Chinese Carmakers
Another Chinese automaker is showing vehicles this year at the auto show in Detroit, raising the perennial question about when these companies might start selling in the international markets.
-
China proves a better bet than Japan for Asia hedge fund investors
For investors in Asian hedge funds, it was China and not the region's hottest major market, Japan, that provided the best bang for the buck in 2013 - a result set to ensure greater capital inflows into steadily growing China-focused funds.
-
KKR to pay $500 million for Warburg stake in Alliance Tire Group: report
U.S. private equity firm KKR & Co LP has agreed to buy a controlling stake in Indian tyre maker Alliance Tire Group for about $500 million from Warburg Pincus LLC, three sources with direct knowledge of the matter told Reuters.
-
Pharma giant Novartis waits nervously on Glivec drug patent verdict today
Global drugmakers, battered by recent intellectual property decisions in India, are girding for a landmark court ruling on Monday with broad consequences for their ability to sell lucrative patented medicines in the country.
-
JPMorgan, MF Global trustee reach $546 mn settlement
JPMorgan Chase & Co has reached a $546 million settlement with the trustee liquidating the failed broker-dealer unit of MF Global Holdings, a court filing showed, an amount that will help repay the brokerage's customers.
-
Capital One to sell $7 billion worth Best Buy card portfolio to Citigroup
Capital One Financial Corp said it agreed to sell to Citigroup Inc its $7 billion portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co Inc.
-
Reader's Digest parent company files for bankruptcy again
The owner of magazine Reader's Digest, once the staple of doctors' offices and coffee tables, has filed for bankruptcy for the second time in less than four years, citing a greater-than-expected decline of the media industry.
-
Nikkei advances as financials storm higher
Japan's Nikkei share average rebounded on Tuesday, boosted by financials after a U.S. Treasury official voiced support for Japan's aggressive policies to combat deflation and bolster growth, while a softer yen propped up some exporters.
-
Citigroup may exit consumer banking in more countries
Citigroup Inc is looking to pull out of consumer banking in more countries in an effort to lower costs and boost profits, according to two people familiar with the matter.
-
Happy hour in Asia as global liquor firms eye deals
The biggest global alcohol companies are sizing up buyout and tie-up opportunities in China, India, South Korea and Vietnam, keen to profit from a $258 billion Asian market that is growing twice as fast as the rest of the world.
