According to a WSJ report, China is set to appoint Ding Xuedong to be the new head of China Investment Corporation.
Sectors
Subsidy increase does little to appease renewable energy investors
Investors in the wind farm industry and renewable energy sector are still doubting the stability of the market even after a 10% increase in subsidy.
Wynnchurch Capital invests on Detroit Tool
Detroit Tool Metal Products will gain investments from owner Wynnchurch Capital. (Photo : Wikkimeida Commons)Los Angeles-based Reliance Steel & Aluminum has acquired Sunbelt Steel, Texas.
Bankrupt Suntech extends forbearance agreement
Suntech extended its forbearance agreement with its bondholders. (Photo : Reuters)The image is the frontage of the corporate headquarters of Suntech. Chinese solar energy and systems manufacturer Suntech Power Holdings Company extended a forbearance agreement with what it says as "a majority" of its unpaid convertible bond holders.
Carlyle raises another $517 mil in CLO funds
The Carlyle Group gained $517 million, making its total funds raised for the year to $1.7 billion. The Carlyle Group announced on Friday that it has raised $517 million in Collateralized Loan Obligation or CLO funds.
Latest News
Clearlake Capital Group acquired North American Rental and Tubular Services from Archer Limited. (Photo : Reuters)The image is a gas meter commonly found in natural gas field processing plants.
Arch Coal agreed to let go of Canyon Fuel as part of its growth strategy. (Photo : Reuters)The image is a coal mine in production. Arch Coal gave up its operations in Utah as it agreed to sell Canyon Fuel Company to Bowie Resources.
TPG is looking to either buy Cerberus Capital's shares in Seibu or purchase new ones. (Photo : Reuters)This is the logo of TPG group. TPG, a private equity firm from the United States, eyed Seibu Holdings as its next investment project.
Replicon raised $20 million in its latest round of investment. (Photo : Reuters)This is the logo of Replicon. Cloud based spreadsheet and time tracker software Replicon announced that it received $20 million in its Series A fundraiser.
Lixil acquired American Standard in a $542 million buyout. (Photo : Reuters)The image is a sample of an energy efficient kitchen. ASD Americas Holding Corp will be bought by Lixil Group Corp.
Swiss bank UBS remains on top of Asia-Pacific equity capital market through the boom in Southeast Asian countries.
Brevan Howard's trader who was supposedly involved in Libor investigation left the hedge fund. (Photo : Reuters)Citigroup official logo On Thursday, hedge fund, Brevan Howard, disclosed that it lost a trader who is supposedly associated with a large scale rate-rigging scandal.
Air Canada terminates a tender offer to buyback some bonds after Fed Chairman triggered sell off. (Photo : Reuters)Air Canada jets as they get ready to take off.
More than 300 investors gathered at the Premoney Conference in San Francisco. (Photo : Reuters )Investors betting on a rise in stocks, bonds and commodities advised to make preparation for a loud sucking sound in their portfolios next month.
