The government of North Korea under Kim Jong-un appeared to be purging close allies of disgraced political leader and family member Chang Song-thaek as the former orders its business people in China to come home.
Sectors
IAG adds Wesfamers' Australia and NZ underwriting unit
Insurance Australia Group Ltd (IAG) bought the Australian and New Zealand underwriting business of Western Australia's farmers' cooperative Wesfarmers Ltd for $1.845 billion.
Woori Investment & Securities Co sale may trigger mergers in local S.Korea securities firms- report
The impending sale of Woori Investment & Securities Co may spur consolidation in South Korea's local securities industry. Final bids for the brokerage unit are due today.
Watchdog tells BlackRock to show its hand before Telecom Italia EGM
BlackRock Inc will have to say on Monday what stake it holds in Italy's biggest telecom operator Telecom Italia, after the Italian market watchdog threatened to fine it for not disclosing an increase.
2014 poised to be the year of Bitcoin, property, and other asset bubbles - report
Some industry observers believed excess liquidity spurred by central banks' economic monetary policies could result to asset bubbles in niche markets by year 2014.
Latest News
A Sprint and T-Mobile merger will most likely not happen as the former needs to overcome certain hurdles to ensure that a smooth transition could take place, according to a ZDNet article.
Last-minute bettors on Friday were said to have driven the amount of jackpot money for Mega Millions from an estimated $425 million to over an estimated $550 million, according to lottery officials on Saturday.
Parent company Gulf Film welcomed Debbie Stanford Kristiansen as new chief of its subsidiary, cinema chain for UAE Grand Cinemas as it prepares to implement plans for its next phase of expansion.
The the government of the United Arab Emirates through its Abu Dhabi Investment Authority (ADIA) agreed to develop a luxury tourism resort in Montenegro, said Prime Minister Milo Dukanović in a statement published on his government's website.
A 2013 Billionaire census report by Wealth-X and UBS showed an increase in the number of millionaires in the Middle East, and that amount of wealth hold by Middle Eastern billionaires topped any other region in the world.
Fair trade regulator The Competition Commission of India said it has cleared the proposed merger of France's Alstom Power Holdings SA and domestic industrial player Kalyani Group.
Chinese lender China Everbright Bank Co. raised $3 billion in its Hong Kong listing after exercising an option to sell an additional 762 million shares on top of its IPO base size of 5.08 billion shares.
Moped, a messaging platform startup, had been acquired by local cloud-based software startup 6Wunderkinder, according to the former's announcement on its website. Financial details of the transaction were not disclosed.
New York-based money manager BlackRock Inc. increased its stake in Telecom Italia to 10%, becoming its second-largest shareholder. This could potentially tip the balance at a shareholder meeting set to vote on the proposed ouster of Telecom Italia's board, according to a Reuters report.
