Pelaburan Mara announced plans to invest in a soon-to-be-launched Shariah-compliant fund together with the Al-Rajhi Group of Saudi Arabia.
Asia/Pacific
South Korea gets first round bids for two regional banks
The South Korean government said it received preliminary offers for two regional banks from Woori Finance Holdings.
Smartphones challenge Japanese camera makers
A Bloomberg report said smartphones had recently threatened sales of Japanese camera makers Nikon and Canon.
Forex service orovider OzForex sets to raise AUD440 million in IPO
In a prospectus made public on Monday, Australian foreign exchange services provider OzForex Group would be raising AUD440 million or USD413.03 million in its initial public offering October 11th.
Nikon cuts prices as smartphone sales increase
Japan-based camera maker Nikon reduced its prices in a bid to remain competitive against smartphone makers.
Latest News
The Abraaj Group announced its exit from the Daniel O. Mercado Medical Center (DMMC). The Abraaj Group said it had exited from its investment in Daniel O.
In a bid to appease investors, private equity firms in China would be resorting to selling off its maturing assets to return profits while waiting for the reopening of the mainland's IPO listing market.
The management of software outsourcing company Camelot Information Systems raised its buyout offer to USD98.2 million.
Chiel Industries Inc., a unit of Samsung Group, announced to sell its fashion business and focus more on electronics materials.
The sales of BlackBerry BB10 devices in India dropped to more than half so far this year, said a report from The Economic Times.
A research conducted by Savills Plc ranked Singapore as the best value city for foreign investment.
The opening of trading at the Hong Kong Exchanges and Clearing Ltd. were delayed due to Typhoon Usagi and would resume trading in the afternoon.
The world's richest soccer club Real Madrid scrapped its soccer resort plan in UAE after payments defaulted with no provided guarantees.
According to Philippine Central Bank Governor Diwa Guinigundo, the country had been prepared for the eventual stimulus reduction by the US Federal Reserve.
