Money influx hurt China money market rates. Money market rates fell after the Chinese government announced injection of funds into an interbank market system.
Sectors
GDF Suez Considers French Bid For Nuclear Reactor Project
GDF Suez is highly considering taking an active role in a French bid GDF Suez is considering taking an active role in the French bid for the nuclear reactor project in Saudi Arabia.
Telecom Italia Ends Discussion with Hutchison
Telecom Italia announced that it had ended contacts with Hong Kong based Hutchison and directed its focus to spin off its fixed network and make it an independent company.
1Malaysia Development Bhd Acquires Local Power Plant for US$380 million
1Malaysia Development Bhd acquired a local power plant for US$380 million. 1Malaysia Development Bhd (1MDB), a state-owned company, announced that it would pay an estimated US$380 million for the acquisition of a local coal power plant.
Diageo Acquires Stakes in United Spirits Ltd
Diageo PLC announced that they have acquired stakes in United Spirits Ltd. Diageo PLC announced that they have acquired a 25. 02 % stake in Vijay Mallya-led United Spirits Ltd (USL).
Latest News
Unilever announced increased in stake holdings for Hindustan Unilever, the company’s Indian unit, for Eur2.45 billion.
China probes Tetra Pak for possible market dominance China probes Tetra Pak, the world renowned Switzerland-based food-packaging company for any possible abuse when it comes to market dominance.
Colin Benner, founding board member of Dalradian, resigned from the company's board on Thursday.
South Korea's SK Energy returns to the naphtha market and makes 35,000 tonnes purchase (Photo : Reuters)SK Energy of South Korea buys 35 tonnes of cargo from Oil and Natural Gas Corp SK Energy, South Korea's top refiner bought 35,000 tonnes from Oil & Natural Gas Corp.
Premier African Minerals Ltd. acquired contol of 42% common stocks in Ethiopian Potash Corp. (Photo : Reuters)The image shows the logo of Ethiopian Potash Corp.
After China's interest in the Pak-Iran pipeline project, the ties between the two countries are said the have been strengthened.
Because of the strong commitments to European Central Bank and Bank of England's easy money policies, Japan's Nikkei share average soared to a five-week high.
Unilever was unable to raise its holding in Hindustan Unilever Ltd (HUVR) to its goal of 75%. (Photo : reuters. com)Unilever seeks to gain 75% control of Unilever Hindustan Unilever's public offer of INR600 a share to gain higher control over Unilever Hindustan was met with lukewarm response.
Disagreement as to how much was offered for 632 Lloyds Banking Group PLC ensued between NBNK Investments PLC owner Peter Levene and the Lloyd's CEO Antonio Horta Osorio.
