Money influx hurt China money market rates. Money market rates fell after the Chinese government announced injection of funds into an interbank market system.
Investors
Telecom Italia Ends Discussion with Hutchison
Telecom Italia announced that it had ended contacts with Hong Kong based Hutchison and directed its focus to spin off its fixed network and make it an independent company.
1Malaysia Development Bhd Acquires Local Power Plant for US$380 million
1Malaysia Development Bhd acquired a local power plant for US$380 million. 1Malaysia Development Bhd (1MDB), a state-owned company, announced that it would pay an estimated US$380 million for the acquisition of a local coal power plant.
Apollo Completed First Stage Capital Rising For US$6.8 Billion Target
Apollo Global Management announced that they have completed the first stage for their capital rising
Diageo Acquires Stakes in United Spirits Ltd
Diageo PLC announced that they have acquired stakes in United Spirits Ltd. Diageo PLC announced that they have acquired a 25. 02 % stake in Vijay Mallya-led United Spirits Ltd (USL).
Latest News
Unilever announced increased in stake holdings for Hindustan Unilever, the company’s Indian unit, for Eur2.45 billion.
Colin Benner, founding board member of Dalradian, resigned from the company's board on Thursday.
Premier African Minerals Ltd. acquired contol of 42% common stocks in Ethiopian Potash Corp. (Photo : Reuters)The image shows the logo of Ethiopian Potash Corp.
After China's interest in the Pak-Iran pipeline project, the ties between the two countries are said the have been strengthened.
Unilever was unable to raise its holding in Hindustan Unilever Ltd (HUVR) to its goal of 75%. (Photo : reuters. com)Unilever seeks to gain 75% control of Unilever Hindustan Unilever's public offer of INR600 a share to gain higher control over Unilever Hindustan was met with lukewarm response.
Disagreement as to how much was offered for 632 Lloyds Banking Group PLC ensued between NBNK Investments PLC owner Peter Levene and the Lloyd's CEO Antonio Horta Osorio.
ZMDC is considering getting listed at the Zimbabwe Stock Exchange, said the mines minister. (Photo : Reuters)These are flags of Zimbabwe. The government of Zimbabwe is considering listing its state controlled interest mining vehicle Zimbabwe Mining Development Corporation on the Zimbabwe Stock Exchange.
Orege secures new capital from concluded IPO (Photo : Reuters)Orege SA, French Water Technology Company raises needed capital from concluded IPO French water technology company Orege SA raised Eur20 million with the completion of an initial public offering that was posted on Euronext Paris.
Diageo Plc, the world's largest distiller acquired control of United Spirits Ltd (UNSP), a well-known maker of Bagpiper whiskey in India.
