China wealth fund suffers first-ever profit fall

China's sovereign wealth fund China Investment Corp. suffered its first-ever drop in net profit in 2011 and predicted tough trading conditions may persist as volatile financial markets dent stock investments.


Pension funds press UK govt over infrastructure cap

Britain's local government pension schemes want more freedom to mobilise their billions of pounds of assets to spend on roads, power stations and other infrastructure.

Cisco wins EU approval for $5 billion NDS acquisition

U.S. network equipment maker Cisco (CSCO.O) won unconditional EU regulatory approval on Tuesday for its $5 billion takeover of TV software developer NDS.

Daiwa looks to lead $380 mln investment in Myanmar

Daiwa Securities Group aims to spearhead a $380 million investment in Myanmar to build an information technology backbone for the government.


Latest News

Danish luxury electronics maker Bang & Olufsen aims to boost growth in China through a strategic partnership
Investors are snapping up property near a proposed $45 billion business zone in the Chinese boom town of Shenzhen.
The easing of sanctions in Myanmar is encouraging western portfolio investors to start looking at the previously-restricted economy
Coller Capital has raised $5.5 billion to buy private equity investments from banks and other investors.
Germany's planned sale of 12,000 flats and some commercial properties has attracted private equity and strategic bidders.
Global private equity funds, including Blackstone Group L.P. and KKR, have held early talks with Chinese authorities on a new wave of renminbi funds which could dramatically improve their chances to win deals in China.
Australia's largest poultry producer said on Monday investment bank Investec has been appointed to sell the business.
News and developments in Asia private equity from Reuters News for the week ending July 13. News and developments in Asia private equity from Reuters News for the week ending July 13.
Mergers under review by the European Commission and a brief guide to the EU merger process. The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- Private equity firm Permira Europe III to acquire Spain's Telepizza (approved July 13)-- Swedish company Nuvia, which is a subsidiary of French property company Vinci, and Sweden's Coor Services Management Nuclear AB, which is a unit of private equity firm Cinven, to set up a joint venture (approved July 13)NEW LISTINGS-- Swedish private equity investor EQT to buy German bandage and plaster cast maker BSN Medical (notified July 9/deadline Aug.
IHH Healthcare Bhd (IHHH.KL) priced its $2.1 billion initial public offering near the top of an indicative range.