Deals

Sources revealed that AG Barr could be buying GlaxoSmithKline's Ribena and Lucozade brands. IRN-BRU producer AG Barr continued to be silent yesterday over reports AG Barr would team up with private equity organisations Blackstone Group and Lion Capital to purchase the Ribena and Lucozade brands from pharmaceutical giant GlaxoSmithKline.

Tnuva Food Industries stated it could go public to improve the company's capital structure. Tnuva Food Industries Ltd. revealed plans that it might consider an initial public offering.

Worldfloat saw its customer base increase due to unique game. Worldfloat, an Indian-based social networking site, expects to have its membership base expand to around 20 million in the next few weeks.

KrisEnergy revealed that it its looking to raise more than SGD270 million in its market debut. KrisEnergy Ltd is looking to receive up to SGD270 million in net proceeds in its initial public offering.

Latest News

After interviews were held last week, Gulf Keystone's board of directors would advise the shareholders not to vote for the M&G nominees.

Ireland's low corporate income tax attracts US multinationals but the country's Department of Finance claim the policy aims to bolster local economy.

The Chinese news agency issued the corrected statement after analysts made speculations about the published report.

The Australian Competition and Consumer Commission makes a probe about a newspaper report involving Crown Ltd.

German DIY retail Praktiker may have filed for insolvency this week but plans to rehabilitate the company is brewing.

Months after enjoying record highs, 'Abenomics' produces lackluster figures. By all indications, Japanese Prime Minister Shinzo Abe's economic policy agenda dubbed "Abenomics" seems to be coming back to earth.

TRIMET issues a binding offer to purchase two companies owned by Rio Tinto Alcan. German aluminum producer TRIMET is interested to purchase St. Jean-de-Maurienne aluminum smelter and Castelsarrasin casting facility in France, which are both owned by Rio Tinto Alcan.

The United States and China confirmed they are negotiating again over a proposed investment treaty. After several snags, both Washington and Beijing announced that they are going to start where they left off on the proposed investment treaty.

China planned to promote technology and boost the progress in energy-saving industries to unleash the economy's potential.

Wolfgang Schaeuble initiated exploratory talks with the chairman of UBS about its stake in Commerzbank.