The price-to-earnings ratio is around 100 but Facebook even doesn’t have a clear long-term prospects.
Sectors
BP puts giant Russian joint venture up for sale
A Russian state firm has offered to buy BP's half share in its huge oil joint venture. A Russian state firm has offered to buy BP's half share in its huge oil joint venture, a source said on Friday, in what would amount to a stunning reversal for the British firm and a bold assertion of Kremlin control over the oil sector.
CNPC opens West-East gas pipe to private investment
State-owned China National Petroleum Corp (CNPC) has for the first time accepted outside investment in its gas business in response to government calls to open energy and other infrastructure projects to private investors.
BTG Pactual buys minority stake in Brazil's Leader
The private-equity unit of Brazilian investment banking powerhouse BTG Pactual (BBTG11.SA) agreed to buy a minority stake in local apparel retailer Leader Participações.
Airtel says to roll out 3G in Rwanda in next quarter
India's Bharti Airtel (BRTI.BO) said on Sunday it would roll out 3G services in Rwanda in the next quarter and reiterated plans to invest $100 million in the central African country.
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New York state's pension fund assets rose 5.96 percent to $150.3 billion in the 2012 fiscal year.
Goldman Sachs Group Inc plans to channel investments totaling $40 billion over the next decade into renewable energy projects.
Private equity firms Silver Lake Partners and Partners Group are set to buy tax-free shopping business Global Blue.
Japanese-themed restaurant chain Benihana Inc plans to go private in a $296 million deal with investment adviser Angelo Gordon & Co
European scientists are testing robot “fish” which can detect pollutant at the Northern Spanish port of Gijon on Tuesday, according to Reuters.
Galaxy S3 is set to first release in Germany on May 29, and then in UK on May 30, followed by U.S. June 1.
Google Chrome has become the world’s top browser, surpassing Internet Explorer in recent weeks. Google Chrome has become the world’s top browser, surpassing Internet Explorer in recent weeks, according to a report of statcounter.
Yara has agreed with Orica and Apache to form joint ventures to build a 330,000 metric tons ammonium nitrate (TAN) plant on the Burrup peninsula.
DIFC Investments has not sold software company SmartStream Technologies but the process is under way.
