Qatar's investment firm Qatar Foundation Endowment purchases five percent shareholdings in Bharti Airtel.
Investors
Linde's Acquisition Helps Boost Profits
Linde's acquisition of Lincare provides boost in profit for the first quarter. Linde, the world's second largest industrial gas producer, reported a 12.
GM Increases Investments in US Compared To China
GM, in a letter obtained by the Wall Street Journal, said it would increase its capital funding in the US compared to China.
Alibaba IPO Coming Soon
According to Alibaba CEO Jack Ma said that the IPO would be coming soon. The world's largest online retailer is trying to avoid experiencing the issues Facebook had faced with its initial public offer.
Neiman Marcus to be either sold or undergo IPO
The private equity owners of Neiman Marcus are either selling off the asset or would list an IPO to raise capital funds.
Latest News
The Commercial Bank of Rwanda is the first IPO to be done in the Rwandan Stock Exchange. Rwanda has just announced that two companies, namely the Commercial Bank of Rwanda and the national air carrier RwandAir would be listing in the country's fledgling stock market.
Ray Irani bids adieu to Occidental. Occidental Petroleum Corporation's Chairman Ray Irani was ousted from his position as Chairman last Saturday by the shareholders of the firm.
Kingdom Holding obtains refinancing for its Savoy Hotel purchase loan. In an announcement, Saudi Arabia's Kingdom Holding Co agreed to enter into a refinancing agreement on the debt it had used to purchase the Savoy Hotel in London.
New Century prepares for an IPO estimated to earn US$300 million. China's largest privately owned hotel chain mogul, the New Century Hotel Group, is planning to raise US$300 million in its first initial public offering by a real estate investment trust within the next two years.
Reliance deemed as frontrunner to acquire IMG. In a report from the Indian Express, it was disclosed that the Chairman of Reliance Industries Ltd. Mukesh Ambani is in discussion regarding the acquisition of IMG Worldwide, a talent agency based in New York, according to anonymous Reliance officials.
The Special Committee of Bioniche Life Sciences responded to the request for a special meeting with a letter saying no.
Wall Street is expecting the Federal Reserve to continue implementing its stimulus program. Wall Street is urging the Federal Reserve to purchase a total of US$1.
Vinik Asset Management is set to wind up its business, according to a report from the Wall Street Journal.
LTC Properties to undertake IPO to increase its capital funds. LTC Properties is now in the midst of capital building through an underwritten public stock issue.
