Antony Leung, the Greater China Chairman of Blackstone Group, would be making an exit from the private equity company to become the Chief Executive Officer of Nan Fung Group Holdings Ltd.
Sectors
Julius Baer Group acquires WMPartners Wealth Management as first step for merger with Infidar Investment Advisory unit
Julius Baer Group said it will be acquiring WMPartners Wealth Management. The latter will then be merged with Julius Baer's Infidar Investment Advisory Ltd unit to form one of the largest independent asset management company in Switzerland.
Chinese securities regulator says new IPO rules will bolster role of market forces
Xiao Gang, head of the China Securities Regulatory Commission, said the new reforms planned by the government on public share sales will increase the role of free market forces.
Nokia exits handset business, Microsoft to takeover
Nokia shareholders were expected to approve the sale of its beleaguered handset business to Microsoft Corp. for EUR5.44 billion. The takeover would boost Nokia's cash position to EUR8 billion.
PayPal forges partnership with Uber Technologies Inc
Internet payment platform PayPal forged a partnership deal with car service firm Uber Technologies in a bid to reach modern marketplaces that cater to mobile-savvy customers.
Latest News
Spanish multinational oil firm CEPSA bought Canadian Coastal Energy Co. for CAD2.3 billion (USD2.21 million) including debt. CEPSA will pay CAD19 per Coastal Energy share in cash.
Euronext attracted individual bids from three exchange firms just a week after the company was acquired by IntercontinentalExchange Group Inc, according to sources familiar with the matter.
Singapore's Ascendas Pte Ltd. on Tuesday said it would raise SGD600 million (USD481.6 million) to invest in real estate in India. Singapore's sovereign wealth fund, GIC Pte Ltd. would be a principal investor in Ascenda's fund.
Forstress Investment Group unit Newcastle Investment Corp said it will be purchasing a portfolio of 52 senior housing properties from Holiday Acquisition Holdings for USD 1.01 billion.
CLP Holdings said it will be purchasing stakes in Castle Peak Power Co and Hong Kong Pumped Storage Development Co for a price tag of USD 1.8 billion.
As the value of the Bitcoin reached a landmark USD700 valuation, The US Senate committee held a hearing with experts, lobbyists and federal regulators to discuss about the potential threats, risks and benefits of virtual currency.
UK-based Aberdeen Asset Management revealed its plan to take away businesses from US investment managers such as BlackRock and Vanguard after completing the acquisition of Scottish Widows Investment Partnership (SWIP).
A request by the central bank of India to be given exemption from the provisions in Section 54 of the Competition Act, which seeks to regulate bank mergers within a certain period, India's Ministry of Corporate Affairs rejected such request.
Pennsylvania-based ESSA Bancorp Inc signed a definitive agreement to acquire Franklin Security Bancorp in an all-cash transaction that is expected to be finalized by the second quarter of 2014.
