Recent survey results conducted by Chinese economists feared that the local government loans will amount to future problems for the state.
Investors
Source - Lloyds prepares sale of German insurance business
According to sources, Lloyds Banking Group has prepared the sale of Heidelberger Leben to Hannover RE, following disposals of other businesses in the overseas market.
Ares Management, Ontario Teachers' Pension Plan plans to acquire CPG International
Ares Management and Ontario Teachers'Pension Plan said it will buy building products firm CPG International Inc.
Hon Hai partners with 7-Eleven to sell large TVs in Taiwan
Hon Hai signed a sales partnership deal with the convenience stores of 7-Eleven in Taiwan to expand its television enterprise.
US to Japan- Open auto, insurance markets
The United States asked Japan to give foreign companies more access to its auto and insurance markets.
Latest News
Beats spoke with unknown investors to buy out HTC's minority stake. The Wall Street Journal quoted an anonymous source about Beats Electronic buying out its minority stakeholder Taiwan's HTC.
Banking regulations discouraging excessive use of retail credit cards caused Turkish equities to drop.
The Warsaw Stock Exchange agreed to buy a 30% stake in start-up Aquis Exchange for GBP 5 million. The Warsaw Stock Exchange (Giełda Papierów Wartościowych w Warszawie or GBP in Polish) agreed to purchase a partial stake in Aquis Exchange.
A Wall Street Journal report said that Beats Electronics is planning a major buyout of HTC and generate funds to expand its newest digital streaming business Beats Music.
Company filings revealed that W&G Investments will be offering a share sale tomorrow as part of its due diligence requirement for its planned bid of RBS branches.
Atlas Copco said it would purchase Edwards Group for up to USD 1.6 billion. Sweden-based Atlas Copco announced its plans to acquire Edwards Group. The deal, worth up to USD 1.
The Singapore government disclosed plans of improving social programs to alleviate economic strains.
South African firm Sasol Ltd sold its stake in Arya Sasol Polymer Co to Main Street 1095. Sasol sold its 50% stake in Arya Sasol Polymer Co, its Iranian unit.
Austrian energy company OMV purchased several stakes in Norway's Statoil worth at least USD 2.65 billion.
