In a meeting between British investors and state officials, opportunities for investments in Andhra Pradesh were discussed.
Deals
Temasek Holdings Denies Bid for UK's Lloyd Banking Group Stake
Temasek Holdings denies approaching the UK government for its Lloyd Banking Group shareholdings. Temasek, the Singaporean sovereign wealth fund manager, has confirmed it had not approached the UK government as to the purchase of a part of state's shareholdings in Lloyds Banking Group.
Siemens and Stadler Planning Joint Venture
According to a report by German magazine Wirtschaftswoche, Siemens and Stadler are planning to form a joint venture.
Mervyn Davies Drafting Plan to Purchase Part of UK Shareholdings in Lloyds
Mervyn Davies is planning to purchase part of the shareholdings of the UK government in Lloyds Bank.
China's Sunergy sustained by higher margins, shares climb
China's Sunergy reported higher first-quarter shipments and earned about US$61.7 million. Sunergy Co Ltd, China's solar panel maker, reported it gained higher first-quarter deliveries.
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The benchmark Japanese government bond prices climbed which resulted to a proposed auction of a 30-year debt.
Asia's shipping industry was believed to be the best spot to experience recovery from the industry's worst slump.
Indonesia's cattle industry is receiving a long-awaited backing from Australian investors. After more than four years of wooing, the Indonesian cattle industry has successfully acquired much needed love from Australia.
Energisa takeover was pending court approval. A bid by Energisa SA to takeover Grupo Rede Energia SA was approved on Friday by the company's creditors.
A joint venture between Kenya Airways and KLM Royal Dutch Airline was granted 7 more years to operate.
The Iranian central bank has set the official dollar-to-riyal rate to 24,779. Iran's central bank has listed on its website on Saturday the new price of a dollar.
Dell buyout will not push through at US$24.4 billion. The deal to buyout Dell Inc. would not push through. According to people who had direct knowledge of the deal, Silver Lake Management LLC and Michael Dell would not be closing a buyout deal for the offer of US$24.
BP of South Africa made a huge investment on youth education. "We need more of these types on investments so as to grow the pool of young people who could be university ready," said Dipuo Peters, talking about a recent investment made by South Africa's largest oil company, BP.
US municipal bond fund drop according to Lipper. According to Thomson Reuters' Lipper, the four-week moving average of US municipal bond funds remained negative at US$2.
