With the allowance of Baidu for Bitcoin, China's appetite for the virtual currency grows. Nearly a third of the world's Bitcoin transactions are done in China.
Investors
Novartis sells diagnostics unit to Grifols for USD1.68 billion
Basel-based Novartis AG sold its California blood unit to Spain's Grifol's SA for USD1.68 billion.
Third Point registers 1.64% direct interest in Sony - filing
The Nikkei said the registration of Third Point LLC ownership in Sony was strategic as hedge fund manager Daniel Loeb intended to pursue management changes and shareholder resolutions in the electronics company.
Nigeria is capable of building a USD 20 billion private equity industry- Henshaw Capital Partners founder
Nigeria-based Henshaw Capital Partners Founder and Chief Executive Officer Barbara James said Nigeria could build a USD 20 billion private equity industry by 2020.
Eman Mansour to open new investment banking firm
Dubai would be host to Eman Mansour's latest investment banking endeavor. Veteran Gulf Arab banker Emad Mansour had laid out plans to establish a new investment bank located in the tax free financial zone of Dubai.
Latest News
Transurban Group Ltd said it would buy the USD465 million debt of Cross City Tunnel from the Royal Bank of Scotland.
New Zealand healthcare company Bupa became the top operator in the region after it acquired three rest-homes in Dunedin, Gore and Riverton.
A Wall Street Journal report said big banks were thinking of blocking traders from chat rooms as regulators intensify probes on market manipulation and collusion
Law firm Slater & Gordon Ltd said it would make more acquisitions in the UK using funds raised through share sale this year.
The Czech regulator intended to open the bidding of a frequency tender starting today. The Czech Telecommunications Office planned to conduct the bidding of a mobile spectrum tender today.
Two unnamed sources said India would be selling 10% of its stake in Indian Oil Corp. India planned to sell 10% of its stake in Indian Oil Corp. That would amount to USD800 million, two sources familiar with the matter said.
Private equity-owned Numericable and Merlin Entertainments held successful initial public offerings despite holding higher debts.
Queenslands' Gambling Community Benefit Fund (GCBF) set the deadline for grant appication for solar power providers on November 30.
Property company Westfield Group announced that UK mall is up for sale. Property giant Westfield Group put its UK shopping center up for sale. The company cited expansion and development for other stores as the reason for this sale.
