REIT British Land said it would buy 50% of Southgate, a shopping center in Bath, for GBP 101 million.
Deals
News Corp sells 33 local newspapers for an undisclosed amount - report
News Corp. sold 33 local newspapers of its newspaper portfolio to Fortress Investment Group LLC. An Associated Press report said that News Corp. sold 33 smaller publications of its newspaper portfolio to Fortress Investment Group LLC for an undisclosed amount.
Jeju Air contemplates IPO to increase fleet
South Korean budget carrier Jeju Air Inc said it would consider conducting an IPO to increase the number of its airplanes and meet the growing demand for air travel in the Asia-Pacific.
Chinese media invited to Apple's September 11 event in Beijing - reports
Chinese media said that Apple invited local journalists in its September 11 event in Beijing, a day later from the tech giant's newest iPhone model launch in its Cupertino, California headquarters.
China calls on Asian neighbors to strengthen ties as Fed tapering looms
China urged its Asian neighbors to forge stronger financial ties in the wake of the Federal Reserve's plan to taper its stimulus package.
Latest News
Raiffeisen Bank International said it would be buying out the minority stake in its Croatian business.
Affin Holdings Bhd (AHB) was picked over its biggest competitor, AMMB Holdings Bhd (AMMB), to start talks in purchasing most of Hwang-DBS Malaysia Bhd's investment banking assets.
Yucaipa Cos. and billionaire Ron Burkle filed a letter to Morgans Hotel Group Co. Chairman Jason Kalisman demanding the sale of the New York-based hotelier.
Yanchang Petroleum would be purchasing Novus Energy CAD 232 million or USD 220 million. Yanchang Petroleum International would acquire Novus Energy for CAD 232 million or USD 220 million.
China-based Bright Food Group has planned to buy a stake in Israel's Tnuva Food Industries. Bright Food Group Co said it could buy a stake in Tnuva Food Industries Ltd.
The CBRE Group Inc said Chinese insurance companies could spend USD 14.4 billion in commercial real estate investments overseas.
Australian tycoon James Packer bought a 9.4% stake in US real estate website Zillow Inc. James Packer acquired a 9. 4% stake in Zillow Inc. Cavalane Holdings, of which Packer holds a controlling stake, purchased 3 million shares in the US real estate website.
South Korea would be offering a sale of ten-year bonds despite concerns of the US Federal Reserve reducing its asset purchases.
According to a Bloomberg report, the biggest mining companies were set to spend USD244 billion on expansions amid Glencore Xstrata Plc's CEO call to end oversupply in mineral markets.
