Galaxy Entertainment Group Ltd, the second-largest casino operator in Macau, announced its intention to invest USD5 billion in Japan and China if the gambling markets open in those countries.
Investors
Snapchat rejects Facebook because the latter is losing its cool factor - source
An article published on tech news site VentureBeat raises the question on the staying power of social media giants and Silicon Valley darlings like Facebook and Twitter.
Bitcoin exchange BTC China nabs USD5 million in Series A investment
Bitcoing exchange BTC China received USD5 million in Series A investment from Lightspeed China Partners and Lightspeed Venture Partners to fund its general operations, but indicated plans to expand its business.
Oracle acquires Bitzer Mobile for bring-your-own-device business
Oracle Corp made an announcement on its website via a redirect from Bitzer Mobile's site link that it had acquired the startup at an undisclosed amount to expand its business in the bring your own device (BYOD) market.
Ontario Teachers' Pension Plan buys Burton's Biscuit Co.
Ontario Teachers' Pension Plan, Canada's largest single-profession pension plan, said it would be buying British Burton's Biscuit Co. for an unspecified amount from the Canadian Imperial Bank of Commerce and affiliates of Apollo Global Management.
Latest News
Terms of Frutarom Industries' definitive agreement to acquire Protein Technologies Ingredients (PTI) included an option to acquire the remaining 25% interest from minority shareholders in the next three years.
Russian business tycoon and politician Mikhail Prokhorov set to buy a 21.75% stake in the world's top potash producer, Uralkali, from the company's main owner Suleiman Kerimov.
Private equity firm Advent International made a cash offer of USD1.58 billion for Dutch business software maker UNIT4 NV in a deal that was recommended by UNIT4 to its shareholders.
CDC Group said they would be backing New Delhi-based renewable energy developer Green Infra Ltd with a USD 25 million investment to enhance the latter's production capacity.
Federal Reserve Bank of Boston Eric Rosengren said large international banks with broker-dealer units placed the financial system at risk, and as such, regulators should ensure that they have adequate capital.
Australia-based Corporate Travel Management (CTM) announced that it is seeking to raise AUD53 million (USD49.6 million) to buy a 75.1% stake in travel service provider Westminster Travel.
Equity investors were seeing fewer options to place their bets on the market as the stock rally had driven up company valuations, said a Bloomberg report.
Singapore-based fund manager Duxton Asset Management purchased a 50% in seven cattle and sheep farms in Otago, New Zealand, and is looking for further investments in the country.
South Korea was reported to be a possible investor in Britain's nuclear power market after the Asian country hired Lloyd's Register to evaluate its nuclear reactors, according to a director at Lloyd's.
