The founders of Alibaba Group Holding Ltd (BABA.N) and Tencent Holdings Ltd (0700.HK) were among a consortium of investors who purchased stakes in Ping An Insurance Group Co of China Ltd (2318.HK) (601318.SS) in a HK$36.5 billion ($4.7 billion) deal on Sunday, in one of the largest Hong Kong share offerings of the year.
Sectors
Shanghai Electric Power says in contact with E.ON over Italy assets
China's Shanghai Electric Power (600021.SS) said on Wednesday it was in preliminary contact with top German utility E.ON (EONGn.DE) over the possible purchase of its Italian assets.
Lloyds sells portfolio of Irish mortgages to Goldman Sachs and CarVal
Lloyds Banking Group (LLOY.L) has sold a 1.6-billion-pound ($2.50 billion) portfolio of Irish mortgages to Goldman Sachs (GS.N) and CarVal, a private equity group, the Financial Times newspaper reported.
IBM signs $1.25 billion WPP cloud deal and says more coming
IBM is enjoying a wave of major technology outsourcing deals from European customers in the fourth quarter and the new contract signings are not over yet, an executive for the computer services giant said in an interview.
U.S. House subcommittee postpones hearing on net neutrality
A key House panel has delayed a hearing on the Federal Communications Commission's efforts to write new Internet traffic rules aimed at assuring "net neutrality."
Latest News
Japanese drugmaker Otsuka Holdings Co Ltd plans to buy U.S.-based Avanir Pharmaceuticals Inc for about $3.5 billion to expand its neurologic drug portfolio ahead of an expiration of a key drug patent.
Germany's auto market will return to growth for the first time in three years in 2014 and may expand further next year, the VDA industry association said on Tuesday.
U.S. online sales grew a smaller than expected 8 percent on Cyber Monday after web promotions before and during the Thanksgiving weekend robbed business from what has traditionally been the busiest day of the year for Internet shopping.
Samsung Electronics Co Ltd agreed to sell its fibre optics operations to U.S. specialty glass maker Corning Inc, exiting another non-core business to focus on shoring up underperforming key areas like smartphones.
The Federal Bureau of Investigation warned U.S. businesses that hackers have used malicious software to launch a destructive cyberattack in the United States, following a devastating breach last week at Sony Pictures Entertainment.
Standard & Poor's on Tuesday cast doubt on Prime Minister Shinzo Abe's ability to repair Japan's tattered finances less than two weeks away from a snap election, after Moody's downgraded the country's sovereign debt rating.
The United Auto Workers union said on Monday it will press managers of the Daimler AG's (DAIGn.DE) Mercedes-Benz assembly plant in Alabama to respect the right of workers to discuss organizing a local union while on the factory floor.
Security researchers say they have uncovered a cyber espionage ring focused on stealing corporate secrets for the purpose of gaming the stock market, in an operation that has compromised sensitive data about dozens of publicly held companies.
A massive data collection system that Wall Street's industry-funded watchdog is pushing in order to ramp up oversight would cost clearing firms $680 million to build, plus other costs to the industry that far exceed the regulator's initial estimates, a major trade group said on Monday.
