Last week the Indian government announced that it was increasing the limits for foreign investment in insurance joint ventures, and opening the pension system to foreigners.
Sectors
Apple vs. Samsung Lawsuit: Galaxy Nexus Injunction Overturned, iPhone 5 Competition Heats Up
A temporary injunction banning the sale of Samsung Galaxy Nexus smartphones has been overturned, dealing a blow to Apple in its ongoing battle with the South Korean electronics giant.
Chinese Management Triples Volume at Greek Cargo Port, Salaries and Job Protections are Trade-off
Greek's ancient Port of Piraeus is half-owned by the Chinese-owned giant Cosco, which has tripled the volume of cargo traffic there since 2010. The trade-off is in workers' salaries and employment protections.
HouseTrip Raises $40 Million from European Investors
The London-based HouseTrip, which allows users to rent out their homes while they're away, raised $40 million in its third-round of funding, from Europe's three largest venture capital firms.
Australia's Ingham Chicken Enterprises Looks Tasty to Big Private Equity Firms
Reuters reported today that big private equity firms will bid for Ingham Enterprises, Australasia's largest poultry producer, according to confidential sources.
Latest News
The U.S.-based Carlyle Group sold all of its remaining shares in India's HDFC for $831 million on Thursday night, making it the country's fourth larges equity deal for the year, Reuters repored.
In contrast to China's Official National Bureau of Statistics report, the HSBC Purchasing Managers' Index for September showed the country's services sector recovering, Reuters reported today.
Reuters) - A polarized Washington that cannot find a way around the looming "fiscal cliff" is compounding economic uncertainty, freezing business investment and threatening growth, the IMF's No. 2 official and its top-ranking American said on Monday.
As Europe’s sovereign debt crisis continues and banks grow increasingly selective about making loans for deals involving private equity, European private equity firms are being forced to look elsewhere for the financing they need to complete acquisitions, based on Friday's NYT DealBook article.
Mitsubishi UFJ Lease is Buying U.S.-based Jackson Square Aviation from Oaktree Capital Group for approximately $130 billion.
A seven judge panel ruled on Thursday that 41 lawsuits filed in California, Florida and New York against Facebook, NASDAQ and underwriters connected to the social media's IPO in May be heard in New York, Bloomberg reported.
Starbucks' customers who own smartphones (iPhones and Androids) will be able to pay with the Square Wallet mobile device starting early next month.
Ralls Corp., the Chinese-owned company that was blocked by President Obama on Friday from building four wind farms in Northern Oregon, has added President Barack Obama as a defendant in a lawsuit alleging that the government exceeded its authority, The Wall Street Journal reported Tuesday.
China's 7 Days Group Holdings, owner of the country's second largest hotel chain, received a buyout offer to go private last week from a consortium that includes the Carlyle Group, Sequoia Capital China and the company's co-chairmen Boquan He and Nanyan Zheng.
