The M&A market is now primed for growth after a dip in the past few months. Cash rich companies are now in the midst of a mergers and acquisition spree that can help boost the European equities market rally after being stalled for quite some time.
Sectors
Alibaba IPO Coming Soon
According to Alibaba CEO Jack Ma said that the IPO would be coming soon. The world's largest online retailer is trying to avoid experiencing the issues Facebook had faced with its initial public offer.
Facebook overvalued according to Barron's
Facebook should just be pegged at US$25.00, according to Barron's. In a review by financial newspaper Barron's, it said that Facebook shares may be overvalued despite getting a boost from first quarter reports that met industry analysts' expectations.
Neiman Marcus to be either sold or undergo IPO
The private equity owners of Neiman Marcus are either selling off the asset or would list an IPO to raise capital funds.
JP Morgan CEO to have more oversight
The proposal to either split the CEO and Chairman position or impose more oversight of the CEO-Chairman subject to approval by JP Morgan shareholders.
Latest News
Qatar's investment firm Qatar Foundation Endowment purchases five percent shareholdings in Bharti Airtel.
Due to issues on informal settlers, trees and others, the construction of the Posco steel plant has been suspended.
UBS, in line with its austerity measures, is decreasing its office space in UBS building, Manhattan.
Orsi, arrested for the India helicopter scam, was released pending trial. Former Finmeccanica CEO has been released from jail pending trial on charges of corruption next month.
Asian nations issue statement to avoid mistakes that lead to 1997 currency crisis. Major regional economies in Asia need to be on guard against execssive risks and asset bubbles boosted by efforts of central banks efforts to build economic growth.
The Commercial Bank of Rwanda is the first IPO to be done in the Rwandan Stock Exchange. Rwanda has just announced that two companies, namely the Commercial Bank of Rwanda and the national air carrier RwandAir would be listing in the country's fledgling stock market.
EU advises France to lower its budget deficit. Michel Barnier, the EU Internal Market Commissione advised the French government to undertake its planned reforms.
Ray Irani bids adieu to Occidental. Occidental Petroleum Corporation's Chairman Ray Irani was ousted from his position as Chairman last Saturday by the shareholders of the firm.
Kingdom Holding obtains refinancing for its Savoy Hotel purchase loan. In an announcement, Saudi Arabia's Kingdom Holding Co agreed to enter into a refinancing agreement on the debt it had used to purchase the Savoy Hotel in London.
