Fosun International, controlled by Chinese tycoon Guo Guangchang, is seeking to acquire apartments, hotels and offices in New York as well as in other US cities after its purchase of lower Manhattan landmark 1 Chase Manhattan Plaza.
China
China Media Capital acquires stake in Caixin Media
Shanghai-based investment fund China Media Capital (CMC) purchased a stake in Beijing-based business media entity Caixin Media Company Ltd from Zhebao Media Holding Group Co Ltd for an undisclosed amount.
The Hershey Company recently bought out Shanghai Golden Monkey Food Co, to expand in China for $498 million
In a bid to expand its operations in China, The Hershey Company recently bought out Shanghai Golden Monkey Food Co, maker of over 200 varieties of candy, in a deal valued at $498 million.
Australia's treasurer Joe Hockey has given a conditional approval for State Grid Corporation of China's acquisition of Australian electricity and gas distribution assets
Australia's treasurer Joe Hockey has given a conditional approval for State Grid Corporation of China's acquisition of stakes in Australian electricity and gas distribution assets.
KBC Bank, which received a €7 billion government bailout in 2008, will be selling the Antwerp Diamond Bank to Chinese investor Yiren Group.
KBC Bank, which received a €7 billion government bailout in 2008, will be selling the Antwerp Diamond Bank to Chinese investor Yiren Group. KBC has disposed a string of units since the Belgian government rescued it during the financial crisis.
Latest News
A Bloomberg report said Jack Ma and Zhang Jindong may be allowed to create phone companies in China with the possible issuance of their licenses this month.
Private equity firm Carlyle Group generated paper profits on its week-long investment in Chinese funeral company Fu Shou Yuan International Group Ltd after the latter gave a strong debut in Hong Kong trading.
The revival of initial public offerings in the US and Europe which started this year is set to continue next year, the Financial Times reported.
As common sense begins to sink in, it has become evident that there is no good reason to own Bitcoins, Edward Hadas of Reuters Breakingviews writes.
The Bitcoin's price instability is a reflection of the digital currency's vulnerability to the decisions of government officials, The New York Times The Dealbook reported.
A 50-50 joint venture to develop a CNY 2.58 billion or $425 million land in Hangzhou was formed between Greentown China Holdings and Wharf Holdings.
NWS Holdings Ltd, owned by Hong Kong tycoon Cheng Yu-tung, entered an agreement to purchase a stake in Beijing Capital International Airport Co from sovereign wealth fund GIC Pte.
AMC Entertainment Holdings Inc is reportedly selling the shares it is offering in its initial public offering at a discount, which would value the cinema chain 7.2 times bigger than its estimated earnings before interest, taxes, depreciation and amortization or EBITDA in 2014.
China's holdings in US Treasury securities were seen increasing to a figure nearing $1.314 trillion it last hit in July 2011 as the world awaits for the decision of the US Federal Reserve to taper its $85 billion monthly purchases, said a Bloomberg report.
