Citing sources who were familiar with the matter, the Financial Times reported that Shanghai has approved six foreign hedge funds to raise money from investors within China.
Deals
Edison Ventures sells last of Tangoe shares
Edison Ventures announced that it has exited from Communications Lifecycle Management software firm Tango by selling the last of its shares.
Equity issuance presents optimistic economic growth- Reuters
A Reuters report said the growing number of equity issuance this year was a sign of positive growth.
EU antitrust regulators to probe telecom M&A deals
Antitrust regulators in the European Union would review M&A deals to gauge their effects on local markets.
VMMEA opens shop in Malaysia
Virgin Mobile Middle East and Africa had introduced new telecom services in Malaysia. Virtual telecommunication services in Malaysia was recently launched by Virgin Mobile Middle East & Africa in partnership with the Southeast Asian countries fourth largest telecoms operator U Mobile.
Latest News
Austrian insurer Uniqa said it would selling its private equity fund portfolio worth EUR 400 million to various investors.
Fiat SpA chief executive officer Sergio Marchionne told reportersthat the merger between Italian automaker Fiat SpA and US automaker Chrysler Group LLC might be delayed because of a disagreement over the valuation of shares a retiree trust holds in Chrysler.
According to CSCEC CEO Yu Tao, the company's experience in building and maintaining housing projects would be key to address the needs of the GCC countries.
Serbian Deputy Prime Minister Vucic confirms on television that he had asked his friend UAE Crown Prince Mohammed Bin Zayed for a loan.
Media reports said US private equity firm KKR was considering an alliance with a Japanese government-backed investment fund for its bid of the healthcare unit of Panasonic.
A source told Bloomberg that Goldman Sachs Group snatched a lead role in the upcoming IPO of Twitter.
New York Times' Dealbook reviewed several prominent private equity deals during the buyout boom, and gave an update how the companies had been faring.
State-owned 1Malaysia Development Bhd raised the target for its IPO to USD 3 billion, according to a source interviewed by Reuters.
British telecommunications giant Vodafone Group announced on Thursday that it had secured at least 75% shareholder backing for the approval of the EUR7.7 billion or USD10.2 billion takeover bid for Kabel Deutschland.
