In a move set to gain further foothold in the Chinese financial services sector, Alipay's parent company purchases asset manager.
Corporations
Etihad increases stake in Virgin Australia
Abu Dhabi based airline Etihad purchased Virgin Australia shares on the Australian bourse as a means to increase its shareholdings in the Australian airline.
Fosun agrees to build a holiday resort on Hainan Island
Fosun International partnered with Kerzner for a hotel project worth nearly CNY 10 billion on China's Hainan Island.
JPMorgan clients, other private equity investors take measures amid possible US default
Clients of private banks and private equity firms had taken steps to ensure themselves just in case the government shutdown would result to a US default.
CSPC Pharmaceutical Group Ltd shares to be sold to raise funds
Investors in CSPC Pharmaceutical Group Inc have offered shares for sale in order to raise funds. The affiliates of Hony Capital Ltd have sought to raise USD260 million through the sale of shares in CSPC Pharmaceutical Group Ltd.
Latest News
Crestwood Midstream Partners bought Arrow Midstream Holdings for USD 750 million to expand its pipeline business in the North Dakota.
Cable operator Numericable would be betting on its new fiber technology to attract investors before its planned IPO.
Chief Operating Officer Holger Beeck would be taking over from Bane Knezevic as the chief executive of the German division of McDonald's Corp.
In a meeting with analysts, HP CEO Meg Whitman said she is confident of the firm's direction with an expectation that revenues would stabilize in the long run.
Former Vinik Asset Management colleague opens Kopernik Global Investors through seed capital from former boss Jeffrey Vinik.
After its review under the Global Financial Stability Report study, Italy, Spain and Portugal stand to be financially distressed because of their exposure to possible loan defaults from corporations.
Masdar Energy UK was granted a GBP 266 million loan from various lenders to fund its share of the cost of developing the largest wind farm in the world.
Shares of Men's Wearhouse jumped 28% after rejecting the takeover bid of Jos. A. Bank. Shares of Men's Wearhouse increased 28% after it snubbed the USD 2.
Foster Farms said consumers should not worry about the company's chicken products amidst the salmonella outbreak traced back to its plants.
