The Central Bank of the Philippines accredited Eastspring Investments to handle its equity fund. The Central Bank of the Philippines (Bangko Sentral ng Pilipinas or BSP) tapped Eastspring Investments to manage its provident fund equity fund.
Sectors
OMV acquires Statoil stakes for at least USD 2.65 billion
Austrian energy company OMV purchased several stakes in Norway's Statoil worth at least USD 2.65 billion.
Kentz Corp snubs AMEC, M+W Group bids
Kentz Corp said no to takeover offers from rival AMEC Plc and Germany-based M+W Group. Kentz Corporation Ltd rejected approaches from AMEC Plc and M+W Group to take over the engineering firm.
Asian markets suffer from Fed policy issue
Asian markets affected by US stock's worst weekly performance for the year. Asian markets fluctuated with meek profits and losses Monday as apprehensions rose on US market issues.
XPO Logistics Inc buys Arcapita's 3PD Holdings for USD 365 million
XPO Logistics Inc completed its acquisition of 3PD Holdings in a deal valued at USD 365 million. Arcapita sold its North American logistics company 3PD Holding to XPO Logistics Inc.
Latest News
Ethiopia signed an USD800 million contract with ZTE for the expansion of the country's mobile phone infrastructure.
Fresh from Activision's success of its popular Skylanders franchise comes Disney Infinity, a move from Walt Diney Inc to expand into the toy-meets-video game-world market.
Blackstone announced plan to acquire Hong Kong's Tysan Holdings to establish foothold in China market.
Royal DSM announced plans of slowly transferring back-office work to India in the next couple of years.
Analysts said Apple could attain a trillion-dollar valuation considering the company's current services, products and investments for the future.
Reports said the recent changes to Gmail upset several retailers and marketers with already a 1% plunge in the number of opened emails.
The crews of Boeing, US Energy Department and NASA have been spread across a Cold War rocket test site to clean up and prevent contamination.
Car manufacturers increased production as rise in sales of petrol driven cars in India continue. In India, demand for petrol cars increased after a 25-month hiatus.
Microsoft recently apologized for Outlook.com's outage which dragged on for around three days while Google's crashed services lasted for only a couple of minutes.
