Diageo is improving its acquisition offer of United Spirits of India. Diageo, the UK drinks company has raised its bid offer for United Spirits of India through a public offer.
Asia/Pacific
New Bird Flu Strain Hurts Stock Prices
With new reports of avian flu outbreaks, the fragile Chinese economic recovery is now under fire. A couple of cities in mainland China have stopped the conduct of poultry sales and slaughtered livestock after reports of the H7N9 strain of avian infulenza abound.
Research Shows Faked Loans In China's Big Banks
China's big banks are not providing more credit to small and microsized firms. According to a researcher, the big banks of China are not lending more to the smallest firms.
Temasek Establishes Pavilion Energy Pte Ltd
Pavilion Energy Pte would be investing in LNG related industries. The sovereign wealth fund of Singapore, Temasek Holdings Pte Ltd has established a new investment fund focused on liquefied natural gas.
North Korea Asks Repatriation Plans of Embassies
In preparation for war, Pyongyang has asked embassies from countries for repatriation plans for its staff.
Latest News
Petronas, the Malaysian state backed oil and gas firm, has increased the offer made per share. Petroliam Nasional Bhd, the state owned oil and gas company of Malaysia, has increased its offer to purchase MISC Bhd.
Cerberus Capital Management LP is pursuing its bid for greater control of Japan's Seibu Holding as it tries to increase its stake to 44.7 from 32.4 percent.
Private equity firm Cerberus Capital Management is seeking to increase shareholdings in Seibu Holdings.
Unbeknownst to many, UBS was the financial backer of CP Group in its purchase of a stake in Ping An Insurance of China.
Global investment banking services showed its strongest annual start in two years with fees rising by six percent in the first quarter.
A new survey revealed that mergers and acquisitions activity for developed and emerging markets declined in 2012.
The BTS Rail Mass Transit Growth Infrastructure Fund is now worth US$2.13 billion after its IPO. BTS Group, the Bangkok SkyTrain operator has raised nearly US$2.
India, in order to raise funds to narrow the budget deficit, is selling off asset shareholdings in Indian corporations.
JinkoSolar obtains a RMB360 million loan facility from China Development Bank. The leading private venture solar power products manufacturer, JinkoSolar Holding Co Ltd announced the signing of a RMB360 million or US$58 million loan agreement with China Development Bank.
