South Korea will decide next week whether to proceed with the auction for the supplying of 60 next generation fighter jets worth US$7.31 billion.
Regions
Kenya to create sovereign wealth fund of mining companies
Kenya announced places to create sovereign wealth fund for mining companies and mining ventures. Kenya announced it will form a state-owned holdings firm that will hold shares in the mining industry.
Sony CEO prioritizes electronics operations amid shareholder requests to sell stake in entertainment division
Sony's Kazuo Hirai: His priority for the company would be consumer electronics. Chief Executive Officer of Sony Corp. Kazuo Hirai, who is currently under pressure to sell shares of the firm's entertainment division, stated that turning around the troubled consumer electronics operation is his team's greatest priority.
Analysts say Ackman hedge fund rumors are false
According to analysts, the Ackman hedge fund and FedEx rumors are false. Rumors of Bill Ackman, a hedge fund operator, supposedly raising money to buy shares in FedEx were false, say analysts.
Chinese video game maker to launch market debut in Hongkong
Forgame Tech Co. submitted official documents for an IPO later this year. Forgame Tech Co. , a video game production company, has presented its official initial public offering documents to Hong Kong's equity agency and plans to start the IPO later this year, said the sources, who requested not to be identified.
Latest News
Kenya stated plans to introduce derivatives into its market. Following Kenya's equity trading volume decline in its stock exchange, which is also the region's largest, Kenya announced plans to introduce real estate investment trusts and derivatives, Kenya's financial-markets regulator said.
Lenovo announced that they have no plans to issue bonds Lenovo Group Ltd, announced that they have no plans to issue bonds in the near term. The decision of Lenovo is based on the global market volatility Lenovo CFO Wong Wai Ming said in a telephone intervier, "The debt market was actually in a turmoil probably a couple of weeks ago.
Tribune Co plans to dismiss its newspapers from the firm’s TV business, marking the end of news broadcasting and publishing collaboration.
Miravast Asset Management announced the closing of a US$60 million life insurance portfolio acquisition
On Wednesday, QVT Financial LP said that it would support the slate of activist investor First Manhattan Co as it proposed to change the board of directors at Vivus Inc.
Four state owned banks in China aggressively extended Yuan loans that were unusually large causing alarm among regulators who were trying to strangle distorted credit growth.
Wilson Perumal & Company announced their partnership with The Key To Way. Wilson Perumal & Company (WP&C) announced their newly formed strategic partnership with The Key To Way (TKTW).
UK proposed giving 150,000 free shares to its workers who have been strongly opposing privatization of the company.
Merlin Entertainments chose London over New York for its upcoming IPO. After deciding against a market debut in New York, Blackstone Group LP, CVC Capital Partners Ltd.
