Tencent joins a handful of companies that is now worth USD100 billion. Less than ten years from its public listing, Tencent Holdings Inc's market value had surpassed USD100 billion.
Sectors
New Zealand Prime Minister vows to reach NZD5 billion revenues from asset sales
NZ Prime Minister John Key, despite the write down of key assets, expects to reach the lower end of initial targets for revenues for share sales of government owned interests.
America Movil's bid for KPN under consideration
KPN shareholders would meet to study American Movil's bid. Dutch phone company Royal KPN NV had been awaiting a bid from America Movil SA with a planned sale of its German wireless business in order to avoid paying taxes on its future earnings.
Danske Bank fires its CEO
Eivind Kolding's reign as Danske Bank CEO ended when the bank fired him. In a surprise decision, Eivind Kolding, Danske Bank A/S CEO was fired after less than two years on the job.
Franz quits as Lufthansa CEO for Roche chairmanship
Lufthansa said CEO Christoph Franz had left the company to become the Chairman of Roche Holding. Deutsche Lufthansa announced that its Chief Executive Officer Christoph Franz had already left the company.
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Jerry Tse of Macquarie Capital was hired by DBS Group Holdings to become the CEO of its investment bank in Hong Kong.
The meeting of the Federal Reserve this week comes at a time when the next chairman is still unknown.
Sunshine Oilsands Ltd announced the grant of the approval from the Alberta Energy Regulator. Sunshine Oilsands Ltd recently announced the receipt pf the final Alberta Energy Regulator approval and received Commercial Scheme Number 12010 for the Thickwood Project.
Australia's Link Group recently acquired superannuation administration software provider Syncsoft.
Two of the biggest managed risk services providers in the world, Stiftelsen Det Norske Veritas (DNV) and Germanischer Lloyd SE (GL), got approval from competition authorities to finalize its planned merger.
At least three sources said that a recent collaboration with HCL Technologies HCL Infosystems indicated that a merger was in the works.
AT&T, with its hub in Dubai, has offered IP virtual private network services to multinationals doing business in the Gulf region and in Africa.
According to Bloomberg data, investor sentiment still had not returned to the US financial industry.
According to Axalta CEO Charlie Shaver, the Carlyle owned paint and coatings firm would benefit from car population increases in Mexico and Brazil.
