Raiffeisen Bank International explores cost-cutting measures to raise Eur 1.8 billion. Austria's Raiffeisen Bank International (RBI) is about to bite the bullet as it launches a cost-cutting program to raise Eur 1.
Corporations
SMB to raise US$4 billion to fund expansion
San Miguel Corp plans to raise US$4 billion to fund expansion by selling power assets of Meralco. San Miguel Corp. is set to raise an estimated US$4 billion by selling power assets of Meralco.
Investors raise concern about Alexion valuation
Alexion Pharmaceuticals Inc sought potential buyers however investors raised concerns about the valuation of the company.
AG Barr in talks with Blackstone and Lion Capital
Sources revealed that AG Barr could be buying GlaxoSmithKline's Ribena and Lucozade brands. IRN-BRU producer AG Barr continued to be silent yesterday over reports AG Barr would team up with private equity organisations Blackstone Group and Lion Capital to purchase the Ribena and Lucozade brands from pharmaceutical giant GlaxoSmithKline.
Israeli Tnuva to go public
Tnuva Food Industries stated it could go public to improve the company's capital structure. Tnuva Food Industries Ltd. revealed plans that it might consider an initial public offering.
Latest News
After interviews were held last week, Gulf Keystone's board of directors would advise the shareholders not to vote for the M&G nominees.
Ireland's low corporate income tax attracts US multinationals but the country's Department of Finance claim the policy aims to bolster local economy.
The Chinese news agency issued the corrected statement after analysts made speculations about the published report.
The Australian Competition and Consumer Commission makes a probe about a newspaper report involving Crown Ltd.
German DIY retail Praktiker may have filed for insolvency this week but plans to rehabilitate the company is brewing.
Months after enjoying record highs, 'Abenomics' produces lackluster figures. By all indications, Japanese Prime Minister Shinzo Abe's economic policy agenda dubbed "Abenomics" seems to be coming back to earth.
The United States and China confirmed they are negotiating again over a proposed investment treaty. After several snags, both Washington and Beijing announced that they are going to start where they left off on the proposed investment treaty.
China planned to promote technology and boost the progress in energy-saving industries to unleash the economy's potential.
Vivus wanted to reach a settlement with the biggest investors for board control. Today, Vivus Inc. told investors and experts in a conference that it considered discussing a possible settlement with stockholder First Manhattan Co.
