BIMB announced that they set to acquire full control of Bank Islam for US$884 million. Malaysia's BIMB Holdings Bhd said that they are set to pay US$884 million to gain the full control of Bank Islam in a deal that will help it increase its stake in the rapidly growing banking sector.
Deals
Greece's Intralot to post EUR300 million bond sale
Greek gaming provider, Intralot said that they will set up a EUR300 million bond sale to refinance loans and outstanding debt.
China PMI shows modest growth in July
China's PMI showed growth in July, offering hope that the country's economy is recovering.
AIG to pursue ILFC IPO after China deal stalled
American International Group Inc is looking to pursue an IPO for its subsidiary unit after the sale to a Chinese group stalled.
Goldman Sachs: Put India stocks for sale as investors exit increase
Goldman Sachs Group Inc. recommended India to reduce stock holdings after its recorded investors exit in July, resulting to a cut on India's shares rating.
Latest News
South Korea-based Celltrion Inc, said in a statement posted on its website, that the stake sale to AstraZeneca by a newspaper was inaccurate, causing the drugmaker's share to slump by 7%.
A picture of Nick Jonas shirtless was trending online. The internet is abuzz with news of a picture of Nick Jonas shirtless. It seemed the singer joined the shirtless dude bandwagon by posting his picture in Instagram Tuesday.
Rathbone Brothers Plc announced the seen increase of funds under their management. Rathbone Brothers Plc reported the 11% increase in funds managed by the company.
Justin Bieber was involved in another controversy involving spitting on his fans. A rumor of Justin Bieber's latest controversial behavior was reported online.
Capitalworks, a private equity firm based in South Africa, announced it was able to raise ZAR 2.7 billion in six months.
Societe Generale SA said that they are happy to announce that the company is ecstatic as the company's profit margin doubles.
Antonio Horta-Osorio said that they are ready for the sale of Britain's GBP20 billion stake in Lloyds Banking Group.
Abertis Infraestructuras SA announced that they have sold their stakes in London's Luton airport for US$667 million.
HealthTech Solutions Group announced that it had acquired GAFFEY, widening its presence in the hospital revenue cycle management software market.
