KIPCO's pay TV unit OSN is preparing for an IPO. (Photo : Reuters)The image is OSN's corporate logo. Kuwait's largest investment firm in terms of assets, Kuwait Projects Co, announced last Saturday that it had engaged the services of Rothschild financial group to provide advice for an initial public offer of OSN, its pay television company.
Sectors
Birla's Daughter Leads Father Into Microloans
Billionaire Kumar Mangalam Birla's daughter Ananyashree Birla offered credit to women in villages in Maharashtra state.
Echo Unveils US$1 Billion Sydney Casino Plan, Including Crown Option
Echo Entertainment submitted plans valued at US$1 billion for expansion. (Photo : Reuters)The image shows people playing in a casino. Echo Entertainment, an Australian gaming firm has submitted plans for a US$1 billion expansion.
Rio Tinto to hang on to its Diamond Business
Rio Tinto decided not to sell its diamonds arm with the company's CEO stating that the firm is well positioned to capitalize its unit on the positive market outlook.
Sinopec Acquires Marathon’s Angola Oil Fields
Sinopec Group of China agreed to buy Marathon Oil Corp's Angola offshore oil and gas field called Block 31 in a US$1.52 billion deal.
Latest News
Luxoft, the software development firm of the IBS Group, is preparing for an IPO in the New York Stock Exchange.
Barclays is under investigation by German tax authorities for possible tax evasion according to German newspaper.
CVC Capital Partners and Apax Partners LLP show promising results as one of the top buyout firms in Europe.
AIG's International Lease Finance Corp would do an IPO or sell of its assets to a Chinese group.
Rampant speculation on Fed Reserve actions have caused German, Italian and Spanish bonds to decline.
Bank regulators are now considering increasing the simple leverage ratio to 6%. (Photo : REUTERS)The JP Morgan Chase & Co. headquarters is pictured in New York In a surprising move, US regulators are now studying a proposal to double the minimum capital requirements for its largest banks.
The contraction of the economy and cash shortages have been stretching the management abilities of the newly installed leadership of the Chinese Communist Party.
Fed Reserve Chairman Ben Bernanke's remarks have caused major tumbles in world financial markets.
Taiwan approves several foreign investments and local investors' attempt at China. (Photo : Reuters)The image is the Taiwanese flag unfurled over the business district.
