SMB to raise US$4 billion to fund expansion

San Miguel Corp plans to raise US$4 billion to fund expansion by selling power assets of Meralco. San Miguel Corp. is set to raise an estimated US$4 billion by selling power assets of Meralco.


Investors raise concern about Alexion valuation

Alexion Pharmaceuticals Inc sought potential buyers however investors raised concerns about the valuation of the company.

AG Barr in talks with Blackstone and Lion Capital

Sources revealed that AG Barr could be buying GlaxoSmithKline's Ribena and Lucozade brands. IRN-BRU producer AG Barr continued to be silent yesterday over reports AG Barr would team up with private equity organisations Blackstone Group and Lion Capital to purchase the Ribena and Lucozade brands from pharmaceutical giant GlaxoSmithKline.

Israeli Tnuva to go public

Tnuva Food Industries stated it could go public to improve the company's capital structure. Tnuva Food Industries Ltd. revealed plans that it might consider an initial public offering.


Latest News

Abu Dhabi Investment Authority laid out plans to invest US$200 million in Indian real estate. Abu Dhabi Investment Authority revealed plans to make investments of about US$200 million in Indian real estate emphasizing a trend for significant Gulf sovereign wealth funds to diversify from developed markets such as Northern American countries and Europe, two sources with knowledge of the deal said.
CLS Bank announced record breaking volume transactions through its system. The globe's largest currency trading settlement system, the CLS Bank, had announced it managed an average of US$5.
While many currencies have floundered, the Canadian dollar has provided great returns to investors. As the recent weeks have showed, many global currencies have been buffetted by volatile trade as well as the uncertainty as to the next decision of the US Federal Reserve as to its stimulus programs.
Bookmakers and retailers celebrate its earnings due to the windfall for the anticipated first born of Prince Philip and Kate Middleton.
Cory Monteith who plays Finn Hudson was found dead in Vancouver with no foul play involved. Cory Monteith, who plays Finn Hudson on the hit television show 'Glee' was found dead in his hotel room in Vancouver, Canada.
Raiffeisen Bank International explores cost-cutting measures to raise Eur 1.8 billion. Austria's Raiffeisen Bank International (RBI) is about to bite the bullet as it launches a cost-cutting program to raise Eur 1.
After interviews were held last week, Gulf Keystone's board of directors would advise the shareholders not to vote for the M&G nominees.
Ireland's low corporate income tax attracts US multinationals but the country's Department of Finance claim the policy aims to bolster local economy.
The Chinese news agency issued the corrected statement after analysts made speculations about the published report.
The Australian Competition and Consumer Commission makes a probe about a newspaper report involving Crown Ltd.