The auto maker is not expecting China Investment Corp. to buy 10% in the company (Photo : Reuters) Bodo Uebber, chief financial officer of Germany's car manufacturer Daimler, said that they are not expecting sovereign wealth fund China Investment Corp.
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Midcap Shares Fall Amidst Talk of Share Sales in India
Share values fall on rumors of sales of pledged stocks. Share values fell for small and midsized companies on rumors that pledged shares of specific companies were being offered for sale.
The Carlyle Group Names Jacques Chappuisto Lead Solutions Business
Global alternative asset manager The Carlyle Group, today announced that Jacques Chappuis will join the firm as Managing Director and Head of the Solutions business segment
Asia's Lender CIMB Group Sees 4.5% Drop in Fourth-Quarter Net Profit
The Malaysian company reported net profit of 1.08 ringgit for the quarter ending on December 31. (Photo : Reuters) Asian lender CIMB Group Holdings Bhd reported that its net profit for fourth-quarter declined by 4.
Barclays Seeking Shareholder Approval
Barclays to issue convertible bonds for more capital. Barclays, in a move to address possible concerns, is formulating a plan to seek shareholder approval to sell bonds that are convertible to shares should the bank hit troubled waters.
Latest News
Richter has said that it has formed a new joint venture with its marketing partner to improve direct presence in the Chinese pharmaceutical market.
Royalty Pharma has been making big approaches to acquire the royalty rights for Tysabri from the Irish drug maker.
The following are mergers under review by the European Commission on Monday. The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS - Private equity firm Triton to acquire Finnish grocery chain Suomen Lahikauppa from IK Investment Partners (approved Feb.
Copperbelt will pay $164 million to take 60% stake at Abuja Electricity Copperbelt Energy Corp. of Zambia has announced that it would acquire 60% of the stake at Abuja Electricity Distribution Co.
Barilla, world's largest pasta manufacturer, will be selling its German unit to focus on high-margin food products.
Pearson denies plans to sell Financial Times. (Photo : Reuters) Pearson, the British education and media group, through its new CEO reiterated that the Financial Times is not for sale.
Vodafone chooses Wirecard for mobile payment services. Wirecard, the biggest payment systems provider in Germany has announced that it has been chosen by Vodafone to carry the mobile carrier's payment system.
Barclays increases stake in Absa. Absa Group's minority shareholders openly supported a plan to purchase the African operations of Barclays Plc. The purchase would amount to US$2.
ICL purchases Thermphos. Israel Chemicals, the fertilizer and specialty chemicals maker has entered into an agreement to acquire Thermphos International BV.
