China is set to become Asia's leader in outbound corporate acquisitions this year, ending Japan's two-year reign, as the country's appetite for overseas targets expands beyond natural resources and into areas such as food and banking.
Deals
Sources say Cairn India to spend USD 1 billion in share repurchase
According to sources interviewed by Bloomberg, Cairn India is planning to buy back USD 1 billion worth of shares in order to give Anil Agarwal more control of the company.
Orange nearing deal to exit Dominical Republic unit - sources
France-based phone firm Orange is nearing an agreement to exit its unit to Luxembourg-based cable and telecommunications investor Altice, according to sources interviewed by Bloomberg.
UK to sell off 900-million-pound student loan portfolio-report
The British government will announce on Monday it has agreed a deal to sell off a portfolio of student loans worth 900 million pounds, Sky News reported on Sunday, quoting people close to the situation.
New roads enthuses Zambians but unnerves foreign investors
President Michael Sata's drive to upgrade the country's rough roads, which often become impassable in the rainy season, is popular with many Zambians like Moyo. But foreign investors, who must partly fund such ambitious schemes, are less keen on his costly promises and very public dust-ups with business.
Latest News
Pfizer Ltd, the Indian unit of U.S. drug maker Pfizer Inc, is to take over local affiliate Wyeth Ltd. Shareholders of Wyeth will get seven Pfizer Ltd shares for every 10 shares held.
A group of 10 investors, including Norway's sovereign wealth fund and Och-Ziff Capital Management Group LLC, have together committed to buy about $1.1 billion into China Cinda Asset Management Corp as part of its Hong Kong IPO, people familiar with the matter said on Sunday
With almost 150 plot bookings from MSME companies, Gujarat's plastic park at Dahej and Sanand are expected to attract around INR5000 crore worth of investment in India.
Europe's top carmaker Volkswagen (VW) has revealed its plan to invest EUR84.2 billion in the next five years for technology upgrades and modernization of its plants.
The Department of Energy will lose about USD139 million on a loan given to Fisker Automotive under a clean vehicles program after the automaker sold part of the loan to Hybrid Technology.
PSA Peugeot Citroen is preparing to replace its present Chief Executive Officer Philippe Varin for a joint venture with Chinese partner Dongfeng, according to sources familiar with the matter.
The shutdown of Russian bank Master Bank was the central bank's most high-profile move yet under the leadership of Russia's first female governor Elvira Nabiullina.
The fund formerly known as Genesis Angels supported startups like Sirim, StoreDot Ltd and other chosen, early-stage startups in Israel via a combined investment of USD34.5 million.
A Saturday announcement revealed that Pfizer Ltd, Pfizer Inc's Indian unit, would be merging with its local affiliate Wyeth Ltd after both pharmaceutical firms' boards approved the deal.
