Former TNK-BP executive Mikhail Slobodin replaces Anton Kudryashov as head of Vimplecom's Russian business.
Sectors
News Corp sells 33 local newspapers for an undisclosed amount - report
News Corp. sold 33 local newspapers of its newspaper portfolio to Fortress Investment Group LLC. An Associated Press report said that News Corp. sold 33 smaller publications of its newspaper portfolio to Fortress Investment Group LLC for an undisclosed amount.
Jeju Air contemplates IPO to increase fleet
South Korean budget carrier Jeju Air Inc said it would consider conducting an IPO to increase the number of its airplanes and meet the growing demand for air travel in the Asia-Pacific.
Chinese media invited to Apple's September 11 event in Beijing - reports
Chinese media said that Apple invited local journalists in its September 11 event in Beijing, a day later from the tech giant's newest iPhone model launch in its Cupertino, California headquarters.
Deutsche Bank co-CEO said consolidation of industry 'inevitable'
Anshu Jain, co-CEO of Deutsche Bank, said the current climate would move banks to consolidate. According to Deutsche Bank co-Chief Executive Officer Anshu Jain, consolidation in the banking industry is 'inevitable'.
Latest News
Fiat union leaders said the carmaker would invest nearly EUR 1 billion to make the Maserati SUV in its Turin factory.
Almarai Co would be issuing the first sukuk bond issue with four banks to be arranging the investor meetings.
REIT British Land said it would buy 50% of Southgate, a shopping center in Bath, for GBP 101 million.
Raiffeisen Bank International said it would be buying out the minority stake in its Croatian business.
Affin Holdings Bhd (AHB) was picked over its biggest competitor, AMMB Holdings Bhd (AMMB), to start talks in purchasing most of Hwang-DBS Malaysia Bhd's investment banking assets.
Indonesia has been losing its attraction as a private equity goldmine due to increased competition, shifting government regulations and high valuation prices.
Petrochina Securities investor Johan Broux filed a disclosure suit against Petrochina Co and its current and former executives for failing to disclose pertinent news to investors.
As the company faces an investigation on corruption under the previous leadership, the new management of PetroChina is seeking to distance itself from the legacy of its former chairman.
Yucaipa Cos. and billionaire Ron Burkle filed a letter to Morgans Hotel Group Co. Chairman Jason Kalisman demanding the sale of the New York-based hotelier.
