Ding Xuedong was appointed the new chief of the sovereign wealth fund of China and faced pressure to boost returns for the country.
Sectors
TPG Nears Deal to Acquire Envision Pharmaceutical
An acquisition deal for Envision Pharmaceutical Holdings by TPG Capital may be announced as early as today.
Daiwa Seeks To Raise US$1.4 Billion Through Share Sales
Daiwa House Industry aims to raise US$1.4 billion through share issuance Daiwa House Industry, Japan's biggest home builder, aims to raise US$1. 4 billion in share issuance to finance a real estate development push which will help power the property sector.
Hedging Surge Urges India Central Bank Investigation on Rupee Moves
The central bank of India announced its concern following the fast growing currency derivatives trading in the last three years.
Audi: Trade Talks Chance To Change Rules
Audi sees trade talks as chance to cut back on rules set by U.S. regulators Manufacturer of advanced lighting systems, Audi AG, sought the approval of futuristic headlights which will automatically dim for oncoming vehicles, which are set to be sold in the US.
Latest News
Douglas J. Dayton, founding president of Target stores died at age 88 after his battle with cancer said wife, Wendy Dayton.
According to a person familiar with the matter, Steven Cohen would remain under investigation even after prosecutors missed a late July deadline for charges labeled as the largest insider trading in history.
ProSiebenSat.1 said that its owners did not find any potential buyer for Der Spiegel, a German commercial broadcaster.
John Malone, Chairman for Liberty Media was reported to be the most popular media billionaire attending the annual meeting for tech and media moguls.
Japanese mergers affected by volatile yen. Japan has hit the lowest number of deals since 2004. The number of mergers in the first two quarters of 2013 was 997 with a total valuation of US$45.
Investors kept their money in US Treasuries after the steepest two month loss for securities. A total market value of US$317 billion was erased after the steepest two month loss for securities.
The Adveo Group is studying acquisition prospects in the Latin America and Eastern Europe markets Adveo Group International SA (ADV) announced that they are studying acquisitions to enter the fast growing markets of Eastern Europe and Latin America.
Smartphone app developer Shazam received US$40 million worth of investment from billionaire Carlos Slim.
Vivendi explored other options to get cash from its Activision Blizzard arm after failed sale of a part of its 61% stake in the US video games business.
