Kenyan investment firm Centum (ICDC.NR) posted a 40 percent drop in full year profit on Tuesday without issuing a profit warning beforehand as required by market rules, sending its shares tumbling.
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Rio Tinto approves $3.7 billion Australia iron ore expansion
Rio Tinto (RIO.AX) (RIO.L) will spend $3.7 billion to boost its Australian output of iron ore. Rio Tinto (RIO. AX) (RIO. L) will spend $3. 7 billion to boost its Australian output of iron ore, its most profitable business, shrugging off forecasts of waning demand and a looming global supply glut as Chinese manufacturing slows.
Deals of the day -- mergers and acquisitions
Bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies. The following bids, mergers, acquisitions and disposals involving European, U.
Western Union Agreement with IBInvestor Expands Small Business Access to Global Payments Platform
The Western Union Company (NYSE:WU) today announced a strategic agreement to enable global businesses to move money quickly and reliably across borders.
Barilla to sell German bakery chain Lieken
Barilla said on Tuesday it was looking to sell its only remaining German business. Barilla, the world's biggest pasta maker, said on Tuesday it was looking to sell its only remaining German business, bakery chain Lieken AG, as the company increases its focus on pasta and higher-margin food products.
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bids, mergers, acquisitions and disposals involving European, U.S., Canadian and Asian companies. The following bids, mergers, acquisitions and disposals involving European, U.
Index Ventures said it raised a 350 million euro fund - about $441 million - to invest in seed and early-stage technology companies.
A Hong Kong investor will plough about 480 million pounds ($751 million) into a development in east London's Greenwich peninsula to take a majority stake in the 150-acre scheme.
News and developments in Asia private equity from Reuters News for the week ending June 15. News and developments in Asia private equity from Reuters News for the week ending June 15.
Global food and dairy companies are making another round of big bets on China's fast growing dairy sector.
British buyout group Melrose Plc is in talks to buy German utility-meter maker Elster Group SE in a deal worth $2.3 billion.
Bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies. The following bids, mergers, acquisitions and disposals involving European, U.
Microsoft Corp is close to buying business software company Yammer Inc for more than $1 billion. Microsoft Corp is close to buying business software company Yammer Inc for more than $1 billion, according to a source familiar with the details.
According to a report from Federal Reserve, total corporate cash stored at the end of last year declined nearly $500 billion.
