Bharti Airtel shareholders approved the sale of 5% equity worth US$1.2 billion to Qatar Foundation Endowment.
Asia/Pacific
Unilever Expands Operations in Myanmar
Unilever would operate its food seasonings plant in Yangon, Myanmar by end of the month. The second largest consumer goods company in the world, Unilever, has said it has started to manufacture food seasoning in its plant in Myanmar.
Reliance Set to Expand Businesses
According to its Chairman, Mukesh Ambani, Reliance Industries would expand its business operations in the next three years.
Vietnam Sees Expansion in Stock Market from Foreign Investors
Vietnam is looking for expansion in its stock market from foreign investors after restrictions on foreign ownership limit is considered by its government.
Australia’s Regulator Prevents Heinz from Rafferty's Garden Takeover
H.J. Heinz was halted by Australian regulators for its takeover attempts of Rafferty’s Garden. (Photo : Reuters) US-based food giant H. J. Heinz Co.
Latest News
San Miguel to sell off its stake in Meralco to fund its oil and gas expansion. (Photo : Reuters)The image is the corporate logo of the Philippines' San Miguel Corporation.
CT Corp announces to buy 80% of Telkomvision stake in Indonesia for less than US$100 million deal. (Photo : Reuters)CT Corp Founder and Chairman Chairul Tanjung June 5, Indonesian billionaire Chairul Tanjung agrees to buy 80% stake in the second largest pay-TV operator in the country, Telkomvision.
Pactel is acquired by the partnership of TA Associates and SpeedCast. One of the leading global private equity firms, TA Associates has entered into an agreement with its portfolio company SpeedCast Ltd to acquire Pactel International.
Two companies that are link to Chinese State-backed groups are pursuing the US$5 billion Glencore Xstrata mines in Peru.
Emaar MGF, the joint venture between Emaar Properties PJSC and MGF Development Ltd is being accused of FEMA violations.
Nathan Tinkler agrees to a settle a US$12 million agreement with Blackwood Corp Ltd for a lawsuit filed against him for insolvent trading.
Asian stocks swing from gains and losses while the US manufacturing unexpectedly contracted. Asian benchmarked stocks swung between gains and losses regardless of the optism that the Federal Reserves will keep its record of monetary stimulus.
Australian surfwear company Billabong ended takeover talks and looks at its refinancing options instead.
McGraw Hill Financial, the parent company of Standard and Poor's is investing further in Indian credit agency Crisil.
