China
UBS scales back its corporate advisory services in emerging markets
The Corporate Advisory Group of Swiss lender UBS, said three unnamed sources, will be scaling back its team in charge of providing corporate advisory and investment banking services to the ultra-rich in emerging markets including Asia and the Middle East.
Exxon to exit 25% stake in Iraq oilfield to PetroChina
US oil major Exxon Mobil will sign over its 25% stake in Iraq's West Qurna1 oilfield project to China's largest energy company PetroChina. Exxon previously offered to sell its entire stake in the oilfield following a disagreement with Iraq's central government.
Goldpoly New Energy Holdings enters agreement to purchase equity stake in solar farm projects
Chinese photovoltaic solar farm operator GoldPoly New Energy Holdings will be purchasing an 80% equity stake in solar farm projects for HKD 100 million or USD 12.9 million.
Christie’s Hong Kong Auction posts record USD493 million due to Asian investors
The auction frenzy seen in Hong Kong's latest auctions by Christie's International Plc was not caught on in London, wherein seven of the 24 lots put up for sale did not attract bidders.