Japan-based Sumitomo Corp agreed to acquire Australia-based Emerald Agribusiness Group Pty. The purchase allowed the Japanese trading firm to control the storage facilities and export terminal of Emerald, Bloomberg reported.
Asia/Pacific
The Head of Asian Fixed Income, Prakash leaves Fidelity Worldwide Investment
Fidelity Worldwide Investment's Head of Asian Fixed Income Sabita Prakash has left the firm, according to a source interviewed by Reuters and confirmed by a company spokesman.
Balmer Lawrie buys Indian travel venture Vacations Exotica
Kolkata, India-based public sector enterprise Balmer Lawrie & Co Ltd bought Mumbai-based travel venture Vacations Exotica including its employees and customers from Vacations Exotica Destinations Pvt Ltd for an undisclosed sum.
Despite emerging market concerns, aerospace firms still betting in Asia- report
Planemakers are looking forward to inking billions of dollars in deals at an aerospace gathering in Singapore next week despite worries about the turmoil in emerging markets, Reuters reported.
Japanese Bitcoin exchange Mt Gox temporarily halts withdrawals
Tokyo, Japan-based Bitcoin exchange Mt Gox announced on its site that it temporarily halted Bitcoin withdrawals to resolve a technical problem that arose from the increased withdrawal traffic.
Latest News
Jaguar Animal Health Inc, a company that focuses on making veterinary products, received $2 million from BioVeda China Fund, a private equity firm based in China.
Michael Carsley, a US fund manager, has informed an Australian court that he intends to drop a case against a horse betting club in the country that seeks to get back his losses, Bloomberg reported.
Tokyo, Japan-based incubator and investment firm Netprice.com Inc is planning to invest $500,000 to $4 million in three or four mobile and web startups in India this year, according to The Economic Times.
MPC Synergy Real Estate, a private equity firm that formed a joint venture with Akme Projects, will be exiting its investments in the India- based firm, according to sources interviewed by The Economic Times.
The Morpheus, the first private startup accelerator in India, is shutting down its operations this week after six years of conducting accelerator programs for startups in the country, because of the fierce competition from its rivals.
Sony Corp is discussing with buyout firm Japan Industrial Partners for a potential sale of its loss-making Vaio personal computer business, a source interviewed by Reuters said.
Samsung Electronics will be rolling out the newest version of its Galaxy S smartphone on February 24 at Mobile World Congress in Barcelona, Reuters reported.
Total Gaming Technologies Inc (TGTI), a subsidiary of Philippine-based lotto operator Pacific Online Systems Corp (LOTO) purchased 1,544,700 common shares of its parent firm for PHP23.29 million for investment purposes.
India's Public Sector Undertaking (PSU) banks initiated a process to offload their shares in credit ratings agency CARE Ratings, according to sources knowledgeable on the situation.
