TPG Capital replaced Stephen Peel with Tim Dattels as co-head for Asian operations and assigns Peel to focus on TPG's interests in emerging markets beyond the region.
Firm Management
Some Fraser and Neave Ltd bondholders vote against amending debt terms
Singapore beverage and property conglomerate Fraser and Neave Ltd said investors in some of its notes voted against amending the terms of the debt, which would complicate the company's plan to spin off its core property unit.
USD1.6 trillion in Chinese local government debt blocks freedom of interest rates - Capital Economics, BNP Paribas
Analysts warned that unless the state of China address the USD1.6 trillion debt incurred by its municipalities via local government financing vehicles, interest rates would skyrocket.
FedEx chief's position at risk with Loeb entry
Despite Daniel Loeb's assurance that he or his hedge fund Third Point LLC does not have any plans to ouster FedEx Corp founder, chairman and chief executive Fred Smith, an analyst said
Top deals of the day - Mergers & Acquisitions
The following bids, mergers, acquisitions and disposals were reported on Wednesday including BNP Paribas, Facebook, Crocs, VTB Capital and Flybe Group.
Latest News
Moody's Investor Service had upgraded the ratings for the United Arab Emirates from negative to stable due to recent real estate recoveries and the decline of problematic loans in the market.
The chief executive officers of Men's Wearhouse and Jos A Bank had discussed encouraging points as to the further exploration of merger talks between the two clothing firms.
A source told Reuters that Washington-based lobbying firm Patton Boggs' merger discussions with Dallas-based law firm Locke Lord included a due diligence review of a possible merger suitor.
In a moment of candor, Canadian Finance Minister confirmed that the federal government would be open to options as to how to best utilize its 8.5% stake in the Hibernia offshore oil project.
Alitalia CEO Gabriele del Tochio would be submitting to the board for its decision for an industrial plan which would include 2,000 employee layoffs in order to keep the Italian air carrier aloft.
In an agreement for mining explorations servies, the mode of payment between Alix Resources the owner and Ridge Resources the contractor would be payment in the Canadian value of Bitcoins.
Nissan Motor Co Ltd will build 1 million cars in Mexico by 2016, cementing the country's position as the export hub for the Japanese automaker in the Americas, Chief Executive Carlos Ghosn told Reuters as he inaugurated a $2 billion plant.
The French government on Tuesday approved IntercontinentalExchange Inc's takeover of stock market operator NYSE Euronext but urged French market players to step in to preserve Paris as a financial centre.
OAO Sberbank, under the leadership of CEO Herman Gref, had undergone layoffs as well as transitions to become one of the top banks in Europe, with interests in Eastern Europe and Turkey.
