Bankers expressed their doubts that Royal Dutch Shell's 23.1% stake in Woodside Petroleum could be snatched up by bigger oil companies as the latter are also eyeing to sell assets as well.
Sectors
Internet cafes are collateral damage in China's quest to go online- report
The number of internet cafés in China has decreased, a collateral damage to China's bid to go online as smartphones and tablet devices grow in popularity, a Financial Times report said.
Japan prepares to unveil Japanese Stewardship Code- sources
Sources said Japan is preparing to introduce guidelines for institutional investors known as the Japanese Stewardship Code, which would improve returns, transparency and corporate governance, Reuters reported.
Local private equity in South Korea rises against foreign competition
Financial data from Mergermarket indicated an increasing influence of local buyout firms in South Korea, thanks largely to the support of the national government by relaxing regulations, a Financial Times report said.
China's Zoomlion acquires Germany's M-Tec
China-based construction equipment manufacturer Zoomlion Heavy Industry Science & Technology Co has bought Germany-based dry mortar equipment producer M-Tec, according to a statement on the company's website.
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Toshiba Corp is presently still in talks to buy a 50% stake in Britain-based NuGen nuclear consortium although the involved parties have yet to reach a deal, according to Toshiba Chief Executive Officer Hisao Tanaka.
The American Bankers Association, a group that represents mostly community banks, has filed a complaint challenging the final version of the Volcker Rule, Bloomberg reported.
Shares of NH Investment & Securities Co gained the most in more than three years after Woori Finance Holdings said its parent company NH Financial Group Inc was the frontrunner to purchase the Woori Investment & Securities Co.
Mike Lazaridis, co-founder of Canadian smartphone maker BlackBerry, has sold 3.5 million shares in the troubled company for $26 million, according to documents filed with US regulators.
The Irish Aviation Authority has spent €20 million to buy a 6% stake in Virginia, US-based air traffic surveillance firm Aireon LLC, as part of an agreement with Italy and Denmark to invest in the new service.
Fortissimo Capital, a private equity fund, won the bid for Israel-based Eshbel with NIS 192 million after the software company was put on the auction block.
Moody's Investors Service says that the announcement on 24 December by Woori Finance Holdings Co., Ltd. (WFH) that NongHyup Financial Group Inc. (NH FG) is the preferred bidder to acquire Woori Investment & Securities Co Ltd
BlackBerry co-founder Mike Lazaridis has officially dropped his plans to purchase the firm via a joint bid with a fellow co-founder as new management struggles to turn the troubled company around.
A report said the wave of hotel initial public offerings of Blackstone Group showcased a resurgence in one of the sectors that suffered the most during the recession, the hospitality industry.
