Royal Bank of Scotland's former trader Sharlina Tsang was sentenced to 50 months of imprisonment in Hong Kong after she had pleaded guilty for fraud.
Investors
Integrated Electrical Services completes MISCOR Group purchase
Integrated Electrical Services Inc. announced today the completion of acquisition of MISCOR Group Ltd. paid through a combination of cash and stock.
Sportslobster receives another USD1 million in new financing
Alongside its iPhone app launch, Sportslobster receives another USD1 million. Sportslobster. com, the sports social network, had announced the receipt of a further USD1 million funding alongside its September 2013 iPhone app launch.
Russian tycoon plans to sell USD3.7 billion Uralkali stake- report
Russian tycoon Suleiman Kerimov had been planning to sell 21.75% stake in Uralkali, held through his foundation, said reports.
Temasek Holdings appoints new co-head for China business
Temasek Holdings appointed Dr Wu Yibing as its new co-head for China business effective October 1, 2013.
Latest News
Salus Capital Partners provided Dots, the fashion apparel retailer, a USD51 million refinancing package through a senior secured credit facility with a term loan.
KKR, the buyout firm, sold off its 11% shareholdings in Danish telecommunications firm TDC to institutional investors.
According to a Bloomberg report, Twitter Inc. was trying to avoid moves that got Facebook Inc. lost half of its value after it went public last 2012.
Solaire Casino Resort, which is owned by Bloomberry Resorts Corp, had terminated the management services agreement over the casino with Global Gaming Asset Management LLC.
Indian banks are seeking to set up shop in Mauritius in order to gain from possible business the African continent would provide.
Saudi Telecom, whose goal is to repay a USD1.2 billion debt, is planning to sell off its subsidiary to raise the funds.
Tata Capital had been planning to launch a private equity fund in the African region. Tata Group's financial services unit, Tata Capital had been planning to launch an Africa-focused private equity fund.
According to Bechtel EAME President David Welch, the growing business in the Gulf region required the opening of a new office.
According to a report by The Economic Times, India Infoline would be separating its brokerage business to meet banking regulations.
