Telenor appointed Petter Furberg as new CEO. Telenor Group named a new Chief Executive Officer for Telenor Myanmar. The company appointed Petter Furberg for the position, effective upon approval from relevant Myanmar authorities.
Corporations
Renowned healthcare industry leader joins Versant Ventures
California-based Versant Ventures welcomes James V. Mazzo to its team. Versant Ventures, a Califonia-based venture capital firm, today welcomes the former CEO of Advanced Medical Optics to its team.
KNOT Offshore Partners LP acquires Carmen Knutsen
KNOT Offshore Partners LP purchased Carmen Knutsen for US$45.4 million with financing for its current bank debt.
GLG postpones IPO of Sibanthracite
The IPO, which would have been the first in the UK involving a Russian company this year, was postponed due to market conditions and investor sentiment.
Energy sector in Kenya needs to improve - Agency
The Energy Regulatory Commission said that the country needs to improve its energy sector. Kenya's energy regulation agency said today that the country will increase its efforts in improving its investment climate.
Latest News
Daimler reported that its quarterly operating revenue boosted by selling its aerospace and defense firm EADS stake.
In order to attract foreign businesses, India removed a 10% levy in its sugar sector. Direct investments and foreign ventures are expected to come towards the global sugar industry, said India's top sugar producer Balrampur Chini.
Cloudary Corp, China's online company, would withdraw its IPO worth more than US$200 million due to the market's current condition.
TIO Networks enterd into an agreement to acquire Globex Financial Services. TIO Networks Corp. has announced that the company planned to acquire of Globex Financial Services Inc.
The UK government together with the auto industry is investing US $1.5 billion to fund research. The British government together with 27 firms from the auto industry will finance a research center amounting to US $1.
Conatus Pharmaceuticals offered 5 million shares for another IPO. Conatus Pharmaceuticals Inc. announced that it will be offering 5 million shares for another initial public offering.
Tsinghua Holdings would purchase a mobile chip designer, Spreadtrum, for US$1.78 billion. Tsinghua Holdings Co Ltd, state-owned unit, would purchase Spreadtrum Communications Inc for US$1.
Eskom Holdings SOC Ltd would face US$25 billion funding gap even if it put its bonds on sale. Over the next five years, Eskom Holdings SOC Ltd would face US$25 billion funding gap.
The Competition Commission of India (CCI) said that it would approve the proposed Jet-Etihad deal provided that the two carriers supply it with enough information.
