New appointments to HSBC Holdings management staff were recently announced to respond to the recovery in the region's financial markets.
Sectors
GM announces planned share buyback of some UAW preferred shares
General Motors Co said it would undertaking a share buyback of some of its preferred shares held by a United Auto Workers healthcare trust.
Barr's failed Britvic merger costs almost GBP5 million
UK softdrink maker AG Barr said that despite its failed merger deal with British softdrinks producer Britvic, it has managed to retain its strong position in the saturated softdrinks market.
Stone Point in plans sixth buyout fund- sources
Sources told PeHub that Stone Point Capital was already gearing up for its sixth buyout fund. Four sources told PeHub that Stone Point Capital was already in talks with investors about the formation of its sixth buyout fund.
Euler Hermes predicts growth in UAE
Euler Hermes reported a projected 3.5% growth in UAE due to infrastructure developments and growth in business.
Latest News
Apple announced that its iPhone 5S and 5C had sold 9 million units in its opening weekend. Apple's newest iPhones set a new record for opening weekend sales.
In an exclusive interview with news site the Financial Times, Chairman and creative director Remo Ruffini of the French-Italian clothing company Moncler said that they had plans for an IPO listing this year.
American Airlines and US Airways Group Inc. had came to an agreement that the USD14 billion merger should be completed before the new deadline, which is on January 18 next year.
The South Korean government said it received preliminary offers for two regional banks from Woori Finance Holdings.
Potbelly Corp was hoping that its USD75 million IPO would have market pricing its shares not lower than USD9.
A Bloomberg report said smartphones had recently threatened sales of Japanese camera makers Nikon and Canon.
In a prospectus made public on Monday, Australian foreign exchange services provider OzForex Group would be raising AUD440 million or USD413.03 million in its initial public offering October 11th.
Japan-based camera maker Nikon reduced its prices in a bid to remain competitive against smartphone makers.
Two firms were hired by Palmet Enerji to advise it on its IPO scheduled next year. Turkey-based Palmet Enerji said it had hired Garanti Yatirim Menkul Kiymetler and BGC Partners to be its advisers for the group's initial public offering.
