SCA Property's gearing, its debt to ratio assets, is projected to rise to 33% and can rise to as much as 40% according to its CEO.
Sectors
Royal Bank of Canada appoints first female chairperson
The Royal Bank of Canada promoted Taylor as the bank's first female chairman. The Royal Bank of Canada (RBC) had elected Kathleen Taylor as its first female chairman in 2014.
AT&T sets its sight on Vodafone after Verizon deal
AT&T would be looking into Vodafone group's remaining assets in the midst of the British mobile carrier's exit from the US wireless business with the buyout from Verizon Communications.
Dial Global exit to Cumulus Media is worth USD260 million: newspaper source
A Reuters report cited Wall Street Journal sources who said that Cumulus Media, a radio broadcasting company set its sight on buying out Dial Global, a content producer, for USD260 million in cash.
WSJ says General Electric to divest US consumer lending biz
A Wall Street Journal report said General Electric Co will divest its US-based consumer lending business of GE Capital to focus on its core industrial operations.
Latest News
Hedging against possible long term structural changes with Blackberry, Morgan Stanley has put on hold the purchase of new devices from the Canadian company amidst the turmoil the smartphone company is now facing.
AIG has sought to divest its ownership of ILFC through a sale or if there is none agreed on, through an IPO.
TH Lee Partners LP is discharged as a defendant in the case of an 'overarching' conspiracy regarding buyouts and the collusion between private equity firms.
Wal-Mart, together with other North American companies, banded together to create the Alliance for Bangladesh Worker Safety.
Pure Storage was able to raise USD150 million in its latest funding round for its operational expansion in the data storage market.
Insight Equity Holdings announced the hiring of two new vice presidents and three new associates to its management team.
Vaultize's expansion into the Mumbai area is a step towards achieving its regional and domestic plans.
JP Morgan had conducted an internal probe on approximately 200 employees in Asia regarding the possibility of illegal nepotism.
Carl Icahn, the activist investor known to take major seats in companies and push for management change, had announced raising his stake in Nuance Communications Inc.
