New Zealand's Synlait Milk Ltd. planned a share sell off and an IPO to raise a total of NZ$120 million making it end the majority stake held by China's Bright Dairy.
Industry
China solar firms to move out due to escape EU duties
China's solar companies in Europe have considered the transfer of their factories overseas to avoid import taxes being imposed by the European Union.
Gaming firm Echo Entertainment proposes $1 billion Sydney casino expansion plan
Gaming firm Echo Entertainment submitted $1 billion expansion plan for Sydney casino. (Photo : Reuters)Sydney Casino operations Sydney's Star Casino is up for a major expansion once the Australian government approves the $1 billion plan submitted by gaming firm Echo Entertainment.
ENRC Founders Make US$4.7 Billion Offer
ENRC founders and the Kazakh government offered a mix of cash and share to acquire ENRC valued at GBP3.04 billion and shares at Kazakhmys Plc.
Dubai Increases Asset Sales, US$30 Billion Debt Draws Near
As its debt drew near, Dubai increased asset sales to pay its US$30 billion worth of debt next year and another US$9.6 billion debt by 2015.
Latest News
TA Associates announced acquisition of a minority stake in Fractal Analytics through a US$25 million investment.
Prof. Jacob A. Frenkel was named the new chief of the Bank of Israel replacing former bank governor Stanley Fischer.
Billionaire Kumar Mangalam Birla's daughter Ananyashree Birla offered credit to women in villages in Maharashtra state.
Two sources told Reuters on Sunday that Vodafone proposed a new bid for Kabel Deutschland early on Monday.
Lloyds Banking Group asked for a two year extension from the European Commission for the sale of its 631 branches.
CVC Capital Partners and Apax Partners LLP show promising results as one of the top buyout firms in Europe.
Bank regulators are now considering increasing the simple leverage ratio to 6%. (Photo : REUTERS)The JP Morgan Chase & Co. headquarters is pictured in New York In a surprising move, US regulators are now studying a proposal to double the minimum capital requirements for its largest banks.
The contraction of the economy and cash shortages have been stretching the management abilities of the newly installed leadership of the Chinese Communist Party.
Fed Reserve Chairman Ben Bernanke's remarks have caused major tumbles in world financial markets.
