Torrential rains and flooded caused PSE to postpone trading for two consecutive days. The Philippne Stock Exchange (PSE) announced earlier today the postponement of trading.
Sectors
Australian manufacturing sector facing change
Australian manufacturers underwent change in level of operations. The manufacturing industry was far from dead in the country down under. The face of the Australian manufacturing sector has been deemed not dead, just changing.
Japan gives approval for marketing of Bayer's Stivarga
Bayer Healthcare said it received approval to market its cancer treatment Stivarga in Japan. Bayer Healthcare announced it had received regulatory approval to market its cancer drug Stivarga in Japan.
Ethos Private Equity Company Planning to Sell Alexander Forbes Stake
One of the largest South African buyout firms, Ethos Private Ltd, is planning to sell its stakes to Alexander Forbes, Africa's largest retirement-fund administrator.
Deutsche Wohnen launches USD 2.34 billion bid for GSW Immobilien
Property developer Deutsche Wohnen launched an all-share bid worth USD 2.34 billion for competitor GSW Immobilien.
Latest News
Samsung Electronics Co. introduced the Samsung Mega in the US market. Samsung Electronics Co. released its newest product today in the United States.
Private equity firms in China scrutinized on competency for international ventures. China's private equity firms are catching the attention of the financial industry.
Clustrix announces the new funding worth $10M from HighBar. Clustrix, the top scale-out SQL database contrived for the cloud, was granted a $10 million Series D financing by HighBar Partners.
Apple told supplier to begin shipping new Iphones beginning September. Apple Inc. has requested supplier Hon Hai Precision Industry Co. to start delivering the new Iphones early in September, according to The Wall Street Journal's reliable sources.
Australian Coca Cola distributor announced disappointment in its profits for the first six months. Coca Cola Amatil Ltd announces a substantial drop in its earnings.
Serbia's government posts on the possibility of selling Telekom Srbija AD. Serbia is not closing its doors in the possibility of selling its main telecommunications provider Telekom Srbija AD followed by the expression of interest of two main companies namely The Dogus Group Of Turkey and Sabanci Group.
Anglo American Platinum Limited reveals cost-effective plans. Anglo American Platinum Limited (AMS), in its goal to regain profitability, plans to cut down employment from its South Africa head office.
Billionaire Philip Falcone agreed to a five year ban in the securities industry and admits wrongdoing in the allegations filed by the US Securities and Exchange Commission.
Blackstone Group LP agreed to sell its 50% stake in the Broadgate office complex valued GBP1.7 billion according to sources familiar with the deal.
