Just Retirement is the British pension provider for retirees with health issues and has been listed in the London Stock Exchange to be valued at GBP1.1 billion on Tuesday.
Marc Castro
With its joint venture agreement with Reliance Retail, Marks & Spencer CEO confirmed plans to expand the number of stores in India from 36 to 80 by 2016.
KKR provides INR250 crore on top of the previous INR400 crore already given by the buyout firm for the payment of promoter's debts and expansion of business of Sanmar Group.
Pepsico CEO says that India has degraded from 'must invest' to 'must deal with' because of infrastructure issues such as corruption and unclear taxation policy.
Kuwait's Zain blames the decline in the Sudanese pound as well as other foreign exchange factors for the company's fifth straight decline in quarterly profit.
The Setad, an entity created by the first Ayatollah, now had expanded its business interests to real estate and nearly twelve other Iranian companies both locally and worldwide.
Hedge funds are now entering the municipal debt market, finding a veritable gold mine in value but may provide more problems in the long run as to the temporary nature of the investments.
A USD1.4 billion settlement is being negotiated between Bank of America and Freddie Mac on the issues related to the repurchase of faulty mortgages sold by the bank to the mortgage lender.
The People's Bank of China had undertaken a program of lowering money supply to avoid further inflation, but this may lead to lack of financial support
In a recent statement, the State-owned Assets Supervision and Administration Commission or SASAC had welcomed the move to allow the private sector to purchase interests in state owned or controlled corporations.
Many analysts say the lack of transparency may put the free trade zone experiment in China in jeopardy, unless it is confirmed as one of the economic priorities of the Third Plenum of the Chinese Communist Party.
A new CEO was recently installed for billionaire Eike Batista's OSX as it prepares itself for bankruptcy and other legal processes, according to its lawyers.
The USD4.2 billion purchase by Shire Plc of ViroPharma Inc is the highest purchase on EBITDA rates for a biotechnology firm in history, as the price is 58 times EBITDA.
South African wireless operator Vodacom had laid out plans to increase its investments through increased pace of network upgrades according to its Chief Executive Officer Shameer Joosub.
After Twitter's IPO and the expansion of Facebook, other social media services such as SnapChat, WhatsApp and other social networking sites compete against one another.
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