The Chinese government on Thursday cleared the USD1.3 billion car-making joint venture between Dongfeng Motor Group and France's Renault. Under the deal, the two companies will manufacture 150,000 multi-purpose vehicles annually.
Asia/Pacific
Indian retail investors not getting good returns because of mistiming
A report from the Business Standard said retail investors of mutual funds in India were not timing their redemptions properly and as a result, are getting poor returns.
Abe's cabinet approves USD182 billion economic stimulus plan for Japan
The JPY18.6 trillion or USD182 billion economic plan for Japan was approved by the state's cabinet under Prime Minister Shinzo Abe. The core of the package is the JPY5.5 trillion in spending measures Abe ordered back in October this year.
Carlsberg acquires controlling stake in Chongqing Brewery for USD476 million
Carlsberg Group reportedly purchased a 30.3% stake in joint venture partner Chongqing Brewery. The Danish brewer hopes to expand its presence in China's USD76 billion liquor market.
Passport Capital gains from surging Chinese internet stocks- report
A boom in Chinese internet stocks helped propel San Francisco-based hedge fund to double digit gains this year when other hedge funds have given dull returns, according to a Reuters report.
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India-based mobile operator Bharti Airtel has raised EUR750 million in a bond issue that received bids worth EUR3.8 billion. The bond issue aimed to refinance the company's existing debt.
A source told Reuters that Qinhuangdao Port Co is going to be setting the price of its planned initial public offering at HKD 5.25 per share, which is the bottom of its indicative range.
China Mobile Ltd. has reportedly entered a deal with Cupertino-based tech giant Apple Inc. to offer iPhones to its more than 700 million subscribers. China Mobile earlier this week received its 4G license from the Chinese government.
China saw 1015 venture capital/private equity (VC/PE) investment deals clinched from January to November with a disclosed value of 72.66 billion US dollars
The Financial Supervisory Service of South Korea told Bloomberg it plans to punish the local unit of Wall Street firm Goldman Sachs Group Inc for breaking rules on the sale of financial products.
A report from Cushman & Wakefield revealed that the private equity industry is still optimistic on the Indian real estate market, with private equity deals in the sector increasing 26% in the first nine months of this year.
A report from the Straits Times debunked the perception that Chinese firms were facing growing hurdles in the US, citing data that China's investments in the US had nearly tripled this year.
China Cinda Asset Management Co Ltd, the country's biggest bad debt manager, is set to raise $2.5 billion after pricing its Hong Kong IPO at the top of the marketing range, a source with direct knowledge of the plans said on Thursday.
Sydney-based Westfield Group agreed to acquire the 50% stake held by the Port Authority of New York and New Jersey in the retail space of the World Trade Center site for USD 800 million.
