The world's richest man now holds 31.1% of America Movil shares. Carlos Slim, the world's richest man, has further increased his shareholdings in his phone company America Movil.
Sectors
Manulife Invests in Hong Kong Office Tower
Manulife purchased Kowloon East Building for HK$4.5 billion. Manulife Financial Corp has inked a deal to pay the second highest price on record for an office tower in Hong Kong.
Advent International Opens China Office
Private equity firm, Advent International, has opened an office in China, just like other big private equity firms The Carlyle Group CVC and Bain Capital.
Telecom Italia CEO May Get Nod for Hutchison Whampoa deal
CEO Franco Bernabe would most likely be given permission to conduct exploratory talks on a merger between Telecom Italia and Hutchison Whampoa.
DenizBank Acquires Citi's Turkish Consumer Business
Denizbank has entered into an agreement to acquire the Turkish consumer businesses of Citibank. Denizbank A. S. of Turkey was recently acquired by Sberbank, a state controlled bank of Russia late last year.
Latest News
Crest Financial files a proxy statement contesting the Sprint Nextel-Clearwire merger. The biggest minority shareholder in Clearwire Corp, Crest Financial Ltd, has filed a proxy statement with federal regulators.
Thermo Fisher's bid for Life Technologies remained the best offer compared to an effort of buyout firms to put together a bid proposal.
Google Glass gets backing from venture capital firms. A number of venture capital firms have teamed up to provide funding for companies working on Google Glass.
Before the MetroPCS shareholder meeting, the shareholders that had filed suit are now wondering the next move the merging firms.
KGHM, with a goal towards being the top copper producer, is ramping up its acquisitions every two or three years.
First Manhattan Company, Vivus top shareholder, is calling out the risk management strategy as insufficient to ensure the drug Qsymia's success.
The Carlyle Group establishes its Indonesian office and taps a former UBS banker to head it. In a clear sign of expansionist motives, the Carlyle Group LP has launced an Indonesia office and has tapped a former banker of UBS to head the firm's operations in the country.
Pramerica rates and structure allows for newer and better collateralized loan obligations to be utilized in the market.
Luxembourg joins the many other members of the EU in allowing the relaxation of bank secrecy laws on deposits made in their country.
