In an announcement, oil blocks in Indonesia are now available for bidding. The Indonesian government announced the opening of a rights tender for twenty one oil and gas exploration blocks last Friday.
Asia/Pacific
Loeb shares insights on investment ideas on Japan
Loeb shares insights on its investment ideas on Japan and his style. Daniel Loeb, the billionaire investor is not one to shy away from a good deal but as of the moment, he has his eyes set on Japan.
Subsidiary of Tata Motors Issues US$280M Senior Notes
TML Holdings Pte Ltd has extended senior notes with a maturity on 2018. According to Tata Motors Ltd, its subsidiary TML Holding Pte Ltd had extended and budgeted S$350 million or US$280 million of senior notes that has a maturity on 2018.
Thoughts from Hiren Ved, CIO of Alchemy Capital Management
These are the thoughts of Hiren Ved of Alchemy Capital Management from an interview with Nikunj Dalmia.
Two Chinese firms to be investigated by EU Trade Commission
Huawei and ZTE to be investigated by EU Trade Commission for anti-dumping and anti-subsidy violations.
Latest News
UMW Holdings to sell off 39% of its oil and gas subsidiary through an IPO. The Malaysian industrial to automotive conglomerate, UMW Holdings Bhd, is preparing plans to sell of 39% of its oil and gas production unit through an initial public offer.
Gildemeister has clarified the regulatory website information published as to the plans of Mori Seiki.
Jain Irrigation and State Bank of India to provide assistance to Indian farmers. The largest lending institution in India, the State Bank of India, is working out a partnership with Jain Irrigation Systems Ltd, the largest irrigation equipment manufacturer in Asia, to provide planned assistance to Indian farms in the reduction of water usage yet at the same time increase productivity.
The New York Life Insurance Co is set to divest itself of its Taiwanese business with the sale to be done.
China's State Grid Corp purchases 19.9% shareholdings in SP AusNet for US$802 million. In an announcement, the State Grid Corp of China is purchasing shareholdings in an Australian electricity network company.
Vikram Pandit, the former CEO of Citigroup would be part of the JM Financial management team to grow the business.
JA Solar Holdings Co is ready to pay off US$119 million for interest and principal on bonds it had issued.
New Zealand's sale of Meridian Energy may be the largest IPO of a company in the country. State owned power company Meridian Energy's 49% would be offered to an initial public offer of its shares by the third quarter of the year.
The Philippines' DOTC approves seven bidders for Metro Cebu airport project. The government of the Republic of the Philippines have released a list of approved and qualified builders for a US$430 million airport project.
