The managed assets of the largest publicly-traded hedge fund in the world shrunk by as much as USD 52 billion in the first half.
Investors
Private investments in the Philippines soar
Reports said that investments in the Philippines increased by almost 40% after six months. Asia's 'rising economic tiger' posted another increase in local and foreign investments as four major placement agencies approved businesses today.
Lower claims from investments boosts Direct Line
Direct Line Insurance Group gained profits after lower claims mitigated offset placements. The United Kingdom's largest insurance provider for homes and automobiles, Direct Line Insurance Group, said that weather events in the country prevented the lowering of investment returns.
Cyclospora from 2 cases to possible outbreak
Two confirmed cases of cyclospora in Louisiana were confirmed and now the disease could become an outbreak.
Five companies invest of Malaysian healthcare sector
Five investment projects were approved by Malaysia's National Key Economic Area today. Five new projects in Malaysia with a total investment value of RM388.
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Thomson & Reuters data revealed 2013 to be a weak year so far for international mergers and acquisitions.
IAG's restructuring of Iberia started paying for itself as the company posted operating profits of EUR 245 million this quarter.
The boards of Kabel Deutschland formally endorsed Vodafone's EUR 7.7 billion bid to acquire Germany's largest cable operator.
The state government of Queensland announced that they are currently evaluating the proposal of billionaire Tony Fung for a AUD4.2 billion hotel and casino project.
BioShock Infinite will be coming to Mac App Store on August 29. Apple Macbook users have something to look forward to come August 29. On this date, the new BioShock Infinite will become available to Mac App Store and Steam.
Apple became the world’s most valuable company once more Thursday. Apple (AAPL) once again became the world's most valuable company Thursday. It re-took the crown from Exxon Mobil.
Sources told Reuters that Lloyd's Banking group is planning its exit from the Australian market.
Sources told Reuters that Sinopec Corp and Weatherford International are already in advanced talks for their joint venture.
Analysts eased concerns about Qualcomm-Alcatel joint venture and said that the two companies would gain from the enterprise.
