A source told Bloomberg that the Macquarie Group had made an offer for Lloyds Banking Group's Australian assets.
Asia/Pacific
Northstar Group working on new USD1 billion fund
Buyout firm Northstar Group, with its TPG backing, had opened a fund to surpass its previous high of USD820 million.
Daphne sales slow down stock performance
Chinese shoemaker Daphne International's sales performance lead to a sluggish stock performance on the bourse.
San Miguel sells stake in Manila Electric
San Miguel Corp sold its 27.1% stake in Manila Electric Company to JG Summit Holdings Inc. valued around USD2 billion.
India has survived the worst, according to CEO
According to HDFC Asset Management Co CEO Prashant Jain, the nation had already seen the worst of capital outflows.
Latest News
US and Japanese law firms provide legal assistance to the acquisition of Panasonic Healthcare by KKR & Co.
A Reuters report said that the USD2.5 billion takeover proposal of Cooper Tire and Rubber Co by Apollo Tyres Ltd would be awaiting shareholder approval.
Glencore Xstrata was unlikely to be considered a bidder for OZ Minerals, said a banker familiar with both companies.
Creditors were poised to provide USD5.9 billion loans to Tokyo Electric Power Co. (Tepco), according to a Reuters report.
According to five people, ING Groep might sell 43% of its stake in Vysya Bank and had been looking for a potential buyer for the transaction.
According to a spokesperson for Tata Sons, the group had comprehensively addressed all questions from all probing government agencies regarding the 2007 deal between Tata and Unitech.
CapAsia executive Vijay Sethu filed a defamation case against Johan Bastin, also an executive in the company, in the Singapore High Court, said a Bloomberg report.
Lawrence Ho planned to invest more than USD5 billion in Japan once Melco Crown Entertainment obtains permission to establish a casino in the country.
According to a statement from NZ Finance Minister Bill English, nearly half of the IPO shares in Meridian Energy was already spoken for by New Zealand brokers.
