The increased value of jewelry maker Pandora this year gave investors something to smile about. Pandora showed investors that they had something to smile about in 2013.
Investors
Esprit reports loss for 2012 but expects to rebound in 2013
Apparel retailer Esprit Holdings attributed the loss in 2012 to a sluggish European market and increased competition from other brand names such as Zara and Hennes & Mauritz.
Philippine regulator accepts development project proposals under Italy's development program
The Philippines' Department of Finance announced that it had begun to accept development proposals under the Philippines-Italy Debt for Development Swap Program.
Ecuador deficit activates plan to tap into USD18 billion oil in Yasuni National Park
Rafael Correa, President of Ecuador, would be relying on USD18 billion worth of oil resources inside the Yasuni National Park to save the country from going bankrupt.
Petronas pulls out of Carabobo Oil Project in Venezuela
The Malaysian state run oil firm informed the Venezuelan government of its withdrawal from the Carabobo-1 oil project.
Latest News
The National Pension Service of South Korea increased its stake in six local companies as the government lengthened disclosure times for share purchases over 10%.
The projected savings for the merger of Glencore and Xstrata was at UDD500 million but nearly a year later, the savings is worth four times that projected amount.
In an email provided to news agency Bloomberg News, Alibaba Group Holding Ltd founder Jack Ma insisted that the partnership system was meant to provide value to company's shareholders, employees and customers.
Multiple industry observers noted that foreign firms were favoring cross currency swaps more than raising funds via issuance of Dim Sum bonds.
According to several sources who told Reuters, Ford Motor Co CEO Alan Mulally and Computer Sciences Corp CEO Mike Lawrie were endorsed by at least three of Microsoft Corp's top 20 investors for the CEO role.
Eike Batista's OSX Brasil SA engaged the services of Bingham McCutchen LLP for its restructuring efforts.
Tom Wilson, AllState CEO, had sought ways to expand its bottom line with the acquisition of Esurance and expansion of network.
According to two sources, KKR would acquire Gland Pharma for INR1 billion and would push through by the end of the month.
The Indian Telecom Commission had cleared the planned exit of Telecommunication Consultants India (TCIL) for its 30% stake in Bharti Hexacom.
