Ross McEwan, the new CEO for the Royal Bank of Scotland, was tasked to start selling bank stake once he comes to office in October.
Sectors
Silver Lake, Dell sweeten merger deal
The Special Committe of Dell entered a revised merger deal with Silver Lake and Michael Dell. According to an announcement made by the Special Committee of the Board of Dell Incorporated, the company entered a revised definitive merger deal with Silver Lake Partners and Michael Dell.
India eases foreign investment rules for retail sector
India loosened rules for foreign direct investors on the local retail industry as part of its drive to lure more foreign firms.
Transition Therapeutics enters into USD 21.7 million private placement with investors
Toronto-based Transition Therapeutics announced its USD 21.7 million private placement with investors.
French luxury store bought by Disa
Disa bought Primtemps, a French department store from Deutsche Bank and Murizio Borletto. Italian entrepreneur Maurizio Borletti and the Deutsche Bank successfully sold one of France's largest department store chains to Divine Investments SA (Disa).
Latest News
Apple was seeking US president and trade representative's reprieve regarding the import ban for iPhone 4 and iPad 2 in the US.
Grosvenor Capital Management and Credit Suisse agreed on the latter's sale of its Customized Fund Investment Group.
Biotech Corp said that it has already passed its investment target for this year. Malaysian Biotechnology Corporation, one of the largest biotech firms in Southeast Asia, said that it will be expecting a total of RM3 billion worth of investments in the sector this year.
RSA's shares gained ground today after losing due to bad weather conditions in Canada. Shares of RSA Insurance Group gained momentum today after stumbling from its 33% dividend slash early this year.
The executives of Sony said that their electronics enterprise showed signs of rebound after posting US$35 million profit.
Telecom Italia's chairman Franco Bernabe said that price was unsustainable and an alliance was likely to happen.
PureCars bought Ronin Solutions and augments its SmartAdvertising Program. Ronin Solutions was bought by PureCars for an undisclosed amount. The latter, which offers products and services to help automotive dealers improve their business, was featured in the June 2013 edition of Digital Dealer.
Ageas SA announced that the company will return EUR200 million to shareholders and investors. Ageas SA announced that they will return an additional EUR200 million euros or US$264 million to its investors through a buyback deal.
Reports said that investments in the Philippines increased by almost 40% after six months. Asia's 'rising economic tiger' posted another increase in local and foreign investments as four major placement agencies approved businesses today.
