Sources told Bloomberg that PetroChina Co has set aside USD 10 billion to invest in gas fields in Russia.
Corporations
Currency swaps the norm in China for foreign businesses
Instead of raising funds through the Dim Sum bond market, foreign companies in China opt for cross currency swaps to raise funds for operations.
Twitter will acquire MoPub to sell ads on third-party apps, to launch IPO next year
According to a Forbes news magazine article, Twitter Inc.'s acquisition deal of mobile ad exchange startup MoPub implied that it would be readying itself for an IPO next year.
Acquisitions drive value of hearing-aid makers- Nordea
Nordea Bank said acquisitions had driven the growth of two European hearing aid manufacturers, William Demant Holdings and Sonova Holding.
Saudi Aramco-Total joint venture to offer first fuel- sources
Sources told Bloomberg that the joint venture firm of Saudi Aramco and Total, Satorp, would be putting its first fuel up for sale this month.
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Apparel retailer Esprit Holdings attributed the loss in 2012 to a sluggish European market and increased competition from
other brand names such as Zara and Hennes & Mauritz.
The Malaysian state run oil firm informed the Venezuelan government of its withdrawal from the Carabobo-1 oil project.
The projected savings for the merger of Glencore and Xstrata was at UDD500 million but nearly a year later, the savings is worth four times that projected amount.
In an email provided to news agency Bloomberg News, Alibaba Group Holding Ltd founder Jack Ma insisted that the partnership system was meant to provide value to company's shareholders, employees and customers.
Multiple industry observers noted that foreign firms were favoring cross currency swaps more than raising funds via issuance of Dim Sum bonds.
According to several sources who told Reuters, Ford Motor Co CEO Alan Mulally and Computer Sciences Corp CEO Mike Lawrie were endorsed by at least three of Microsoft Corp's top 20 investors for the CEO role.
Tom Wilson, AllState CEO, had sought ways to expand its bottom line with the acquisition of Esurance and expansion of network.
According to two sources, KKR would acquire Gland Pharma for INR1 billion and would push through by the end of the month.
The Indian Telecom Commission had cleared the planned exit of Telecommunication Consultants India (TCIL) for its 30% stake in Bharti Hexacom.
