The world's richest soccer club Real Madrid scrapped its soccer resort plan in UAE after payments defaulted with no provided guarantees.
Firm Management
Chrysler files for IPO, compelled by UAW trust
On Monday, Chrysler Group LLC filed for an initial public offering after being compelled by United Auto Workers, the company's minority shareholder.
RainDance Technologies closes debt financing for Capital Royalty
Raindance Technologies announced the closing of a USD35 million structured debt financing plans. An innovator in genomics tools, RainDance Technologies, had announced the closure of a structured debt financing plan for Capital Royalty Partners.
HSBC appoints new personnel to address regional growth
New appointments to HSBC Holdings management staff were recently announced to respond to the recovery in the region's financial markets.
Andrew Bates is head of Nedbank Group's Middle East private banking unit
The Nedbank Group appointed Andrew Bates as head of its Middle East private banking unit. Andrew Bates was appointed as head of Nedbank Group's Middle East private banking unit.
Latest News
Brooklyn Brewery would open a brewery in Stockholm in collaboration with Carlsberg A/S, D. Carnegie & Co. and a few private investors.
AirAsia India investor Arun Bhatia said he would question the Tata-Singapore Airlines joint venture after claiming he and AirAsia head Tony Fernandes were not informed about the transaction.
Hong Kong's Wing Hang Bank Ltd. and Chong Hing Bank Ltd. might go on sale after valuations approached levels that were last seen during the 2008 global financial crisis.
An official from the Czech mining group New World Resources said on Sunday the company would close a deal to put its coking plant on sale by year's end.
R Hotel's investment plan is to expand its hotel line from three to six with an AED1.5 billion investment.
Germany based ThyssenKrupp denied a Focus report regarding a potential sale of its automotive unit. ThyssenKrupp is a German steelmaker based in Essen, Germany.
PE firm JC Flowers had expressed its interest in Lloyds' TSB unit according to a Sunday Telegraph report without citing sources.
Aegis is looking at Asia, Europe and South America for possible acquisitions called 'tuck-ins'.
The partnership between Tata and Singapore Airlines could be a major game changer in the aviation industry where both firms invested USD100 million.
