China Asset Management predicts rebound in Chinese stock prices for 2012. According to China Asset Management Co, stocks of Chinese companies would rally in value as the government continues to find ways to augment the economic recovery of the country.
Investors
Paypal co-founder to launch new Start-Up
Max Levchin, one of the co-founders of online payment mogul Paypal has launched a business competitor last Tuesday.
Lloyds Deal Face Threat
Lloyds deal to sell branches may not push through due to capital deficit with Co-op. The deal that would allow Co-operative Bank to purchase more than 600 branches of the Lloyds Banking Group is under grave threat not to push through.
Westfield to Increase Foreign Investments
Giant mall builder to expand to UK and US. Westfield Group is planning to increase its investments in both the US and UK to capitalize on the increasing retail demands in these countries.
Complications arise from Clearwire Purchase
Clearwire is in bed with two financial suitors, namely Sprint Nextel and Dish Network. In a report by the Wall Street Journal, Clearwire Corp is planning to seek financing assistance from Sprint Nextel.
Latest News
BT purchases ESPN UK and Ireland with ESPN America coverage. BT, in a bid to pry open the hold of BSkyB over the pay-TV sports market in Europe, has agreed to purchase ESPN's UK and Ireland television business.
Etihad nearing deal for stake in India's Jet Airways. For the price of US$70 million, Abu Dhabi's Etihad Airways purchased Jet Airway's slots at Heathrow Airport in London.
Orbimed expands into Indian healthcare industry. Orbimed Advisors of New York is now preparing to launch its second Pan Asia Healthcare Fund by the end of 2013.
JP Morgan CEO issues warnings on capital hoarding. JP Morgan Chase and Co CEO Jamie Dimon said in a conference that lenders are accumulating more capital than needed.
Tribune Puts Up Assets for Sale The Tribune Corp has engaged the services of two of the top investment banks to assess sales opportunities for its newspaper unit.
Keith Rabois quits Square and joins Khosla Ventures. One of Silicon Valley's most well-known and most decorated executives and angel investor has resigned as Chief Operating Officer of Square.
Oaktre pays GBP165 million for Countryside. Oaktree Capital Management LLC, the world's largest distressed debt investor, has purchased Countryside Properties Plc through debt provided by former owner Lloyds Banking Group.
Sinopec gets sweetheart deal according to analysts. The US$1. 02 billion deal entered into China Petrochemical for Chesapeake Energy Corp shale oilfield interests is just one third of its actual value.
Keith Rabois, who had served Square as chief operation officer since 2010, will join Khosla Ventures in March.
