China establishes free trade zone to help liberalize yuan trade. In an expected move, China had issued a directive to allow free exchange of the yuan currency within the borers of its first free trade zone.
Sectors
SJM to expand with new casino resort in Cotai area
SJM, the gambling firm owned by mogul Stanley Ho, is set to expand with a new casino resort in the Cotai area of Macau.
UAB sponsors FC Barcelona
United Arab Bank recently formalized a sponsorship agreement with FC Barcelona. FC Barcelona, the Spanish football giant, had further strengthened its partnership with the Gulf region as it announced last Sunday the forging of a three year deal with UAE financial institution United Arab Bank.
Qatar Airways and British Airways forge partnership on frequent flyer miles
In an announcement, Qatar Airways CEO formalized an exchange programme between Qatar Airways and British Airways.
Xyec Holdings opts to list in Singapore instead of Japan
Singapore is the listing index for Xyec Holdings instead of Japan. The first Japanese firm to debut exclusively in Singapore, Xyec Holdings Co, plans to expand its information technology expertise to Southeast Asia through local purchases and engagement of local talent.
Latest News
KUFPEC is looking at overseas assets to expand its oil assets and reserves. Kuwait has sought to purchase oil related properties internationally, such as as in Southeast Asia in order to meet output targets.
In an expected move, Versace is set to sell minority shares. The Italian luxury goods house Versace was, eariier this year was in discussion with a sale to Qatar, contracted to privately sell a minority stake in 2013.
KazMunaiGaz purchases Kashagan oil field shares for Kazakhstan. Soon after the blocking the USD5 billion deal for ONGC Videsh Ltd, Kazakhstan soon transferred a 8.
Muthoot Finance announced the construction of new ATMs to expand its operations. One of the leading gold financing firms in India, Muthoot Finance, had drafted plans to construct 250 white label ATMs in the next three months.
The pipeline from oil shale formations and oil sands is being opposed by hedge fund founder. Billionaire Tom Steyer threw his support behind a four part advertising campaign that intends to convince its viewers that the Keystone XL pipeline would hurt the economy and the communities around it.
The General Administration of Customs registered above projected numbers in terms of overseas shipments.
Theme park operator Merlin Entertainments Group had drafted plans to undertake an IPO. The Merlin Entertainments Group has planned to raise nearly GBP3 billion or USD4.
Three teenage 'exorcists' claim UK is overcome by Satan's work and spells from Harry Potter.
Chicago Cubs announced that it had signed a deal with Anheuser-Busch InBev valued USD500 million for the renovation of its Wrigley Field ballpark.
