Warburg Pincus sold its ownership stake in Transpacific Industries Group at AUD1.05 per share. On Saturday, a Transpacific Industries Group spokesperson said the shareholder Warburg Pincus would be selling its stake in the waste management firm through UBS.
Investors
The Abraaj Group exits from Opalia Pharmaceuticals
The Abraaj Group sells its shares in Opalia Pharmaceuticals to Recordati. The Abraaj Group of Dubai recently announced it full exit from Opalia Pharma of Tunisia.
Observers worry about bloated valuation of Twitter
Not many industry observers were convinced that Twitter could support its hyped company valuation pre-IPO.
IDB invests in Saudi Arabian cheese industry
The IDB investment in Saudi Arabia's cheese industry includes the acquisition of shareholdings and the construction of a cheese factory.
MMG to chase outstanding amounts due the company
Recovery measures such as arbitration, negotiation and litigation are the means that MMG would recover due amounts receivable.
Latest News
NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.
A lukewarm response was the tone for the launch of the newest iPad version, the iPad Air. It had become commonplace that droves of loyalists and enthusiasts would await the launch of the latest Apple product to the market.
The initial public offering of Chegg was highly anticipated by the technology community following its impressive growth
Investor hype had been observed in recent initial public offerings. In a report by USA Today, investors were seen in a frenzy to invest into everything that has a ticker symbol.
Apollo and Cooper Tire decided on a tentative agreement with trial to begin on Tuesday. NDTV Profits reported that a tentative agreement with workers of United Steelworkers union and Cooper Tire & Rubber Co was reached.
Walmart decided to offer its holiday deals early in anticipation for holiday shopping season. According to a Reuters reports, retailers in the US faced the shortest holiday in the past few years to prepare for customers' demands.
After thirty of its employees got involved in the manipulation of interest rates, Rabobank had paid a combined EUR774 million in fines.
Traders kept bets for Feds rise in rates by the year 2015. According to CME Group's Fed Watch, futures prices suggested that no earlier than April 2015 the Federal Reserve would raise the rates.
Various investors and strategists react to the decision of the Federal Reserve. On Wednesday, The Federal Reserve had extended support for the slowing economy of the US.
