UK-based private equity house WestBridge Capital appoints Pascal Wittlet as senior investment manager and relocates new offices in London to accommodate growing team.
Firm Management
Ambow Facing Court Ordered Liquidation
Ambow Education has been ordered liquidated by a Cayman Islands court. (Photo : Reuters)The image is the team logo of Avenue Capital Group. Ambow Education Holdings Ltd of China was ordered by a court to go into provisional liquidation.
Japan's ANA and top budget carrier AirAsia near break-up
Southeast Asian budget ariline AirAsia mulls over breaking up its joint venture with Japan's All Nippon Airways Co.
Hyundai Rotem (South Korea) goes public
Hyundai Rotem IPO is now official. KOSPI gives the go signal for Hyundai Rotem Co's IPO. This forecasts high gains for its majority holders Hyundai Motor and Morgan Stanley.
Axis, ICICI, HDFC Bank Gets Fined for KYC Violations
The Reserve Bank of India (RBI) fined three banks that includes Axis Bank, HDFC Bank and ICICI Bank for violating the "know your customer" policy.
Latest News
A US Court dismisses the complaint of Bloomberg filed against the Commodity Futures Trading Commission.
Raiffeisen Bank International Chairman says that it would tighten compliance rules due to the latest Stepic controversy.
CIC VP was quoted as saying that CIC's overseas investment portfolio grew in 2012. (Photo : Reuters)The image is CIC Chairman Lou Jiwei. China Investment Corp, the sovereign wealth fund of China, has reportedly said that it had increased its overseas investment returns by 11% in 2012 after reporting a loss back in 2011.
KKR & Co. confirmed departure of one of its executives, Nicolas Cattelain while Apax Partners LLP refused to comment on said departure of its executive, Massimiliano Belingheri.
Wal-Mart celebrates its annual meeting and announces a share repurchase program. (Photo : Reuters)The image is the frontage of a Walmart store. Wal-Mart Stores Inc has announced plans to undertake a US$15 billion share repurchase plan during its annual workers meeting last Friday.
China's regulatory watchdog has unveiled new IPO rules. Last Friday, the Chinese government had published new draft rules designed to improve the transparency and pricing structure of initial public offers in its domestic stock markets.
Marchionne discounts speculation that Fiat would accumulate more debts when it purchases the Chrysler stake of VEBA.
Credit Suisse is shunning low yield, high number moderately rich segment for high yield, low number ultra rich market segment.
ISS and Glass Lewis at odds as to the removal of the CEO and Chairman for real estate GSW Immobilien AG.
