Germany-based international car producer Daimler announced a new strategic cooperation agreement with China-based partner automobile seller BAIC Motor that would be signed by both parties on Tuesday.
Investors
Etihad Airways buys a 33.3% stake in Darwin Airline, launches regional service
Etihad Airways, the national carrier of the United Arab Emirates, said it has bought a 33.3% stake in Swiss carrier Darwin Airline for an undisclosed amount.
Private equity firms turn away from renewable energy investments- report
A report from the Financial News website said private equity companies were now looking for investments in fossil fuels prompted by large discoveries of shale gas in the US.
Bidders in negotiations to add more partners to AIG's ILFC buyout - sources
Sources who were familiar with the proceedings said the bidding group who planned to buy the aircraft-leasing unit of American International Group Inc would be welcoming Chinese financier Xiao Jianhua and Taiwanese tycoon Richard Tsai as its additional partners.
China's bonds sell at 50-year high yield as borrowing costs increase
China's recent government CNY20 billion or USD3.3 billion bond sale recorded a 5.3% yield, which was the highest obtained by the mainland since selling debt since 2009.
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TrimTabs Investment Research revealed that investors had poured an estimated USD 34.1 billion in equity mutual funds and exchange traded funds in the four weeks ending November 13.
Private equity company RRJ Capital said it has already began to market its Asian real estate fund which will focus on China. RRJ Capital is looking to raise USD 1 billion for the fund.
Yuan Zhide, a Shanghai Venture Capital Senior Executive, said the Chinese central government's ban on initial public offerings needed to be removed if the country's venture capital industry is to be revived.
The New Zealand government said it planned to sell 20% of its stake in Air New Zealand to cut down public debt and spend on infrastructure projects.
Newcastle Airport Authority Ltd was reportedly planning to sell half its stake to infrastructure investors such as IFM Investors Ltd and other superannuation funds next year.
Private equity firm Boyu Capital has experienced the pressure that the delay in the long-awaited initial public offering of Chinese e-commerce giant Alibaba has caused.
Philippine-based GT Capital Holdings Inc, which is owned by tycoon George Ty, announced its interest in contesting SM Group's PHP54.5-million proposal for the 300-hectare reclamation project in Pasay City.
Spain's largest media firm Promotora de Informaciones or Prisa was close to reaching a refinancing agreement with its creditors for its EUR more than 3 billion debt, sources told Bloomberg.
England-based Thomas Cook's chief executive Harriet Green announced the sale of its foreign exchange unit to Moneycorp, a rival backed by the Royal Bank of Scotland.
