Myanmar government figures and US companies met to discuss future investment endeavors. In a meeting between representatives of American companies and Myanmar government officials, the lack of investments from the United States was highlighted and discussed.
Corporations
Zurich sells shares in New Life China
Zurich Financial Services sold its shares in New Life China Insurance Co Ltd for US283 billion Zurich Financial Services AG announced that they have sold US$283 million worth of shares in New China Life Insurance Co Ltd.
Icahn challenges Dell's bid with improved offer
Icahn offered Dell Inc. shareholder improved deal and a warrant. Billionaire investor Carl Icahn revealed that he wants Michael Dell to improve his US$24.
Schneider Electric in talks with Invensys for possible US$5 billion takeover
Schneider Electric announced that they are in early talks to buy Invensys for US$5billion. Schneider Electric announced that they are in early talks to buy Invensys Plc.
Mexico’s dominant brewers warned against duopoly
Two of Mexico's brewers gets a warning against a possible duopoly. Mexico's Federal Competition Commission issued a warning to two of its biggest brewers to open up the market to other competitors or face heavy penalties.
Latest News
Pfizer invests in two plants in Ireland. A company restructuring in Pfizer's two plants went underway as the pharmaceutical giant announced that a US$130 million investment is heading their way.
According to Alstom's estimates, by 2020, the grid businesses would spend US$64.3 billion for new equipment.
Balfour Beatty Plc created a venture with Sydney Water for Au$150 million water projects in Australia.
Petroleo Brasileiro SA's acquisition of Angolan LNG's first cargo was expected to lessen the shipping demand.
EasyJet gets approval from majority of its shareholders to proceed with its plan to purchase additional Airbus planes.
Due to free trade agreements with many nations, Morocco is set to become the next investment hub, analysts said.
The Philippines' foreign portfolio investments increased in June, said the country's central bank.
Heat Biologics increased IPO target to US$33 million. Heat Biologics set a top target for its initial public offering. From US$24 million, the company now aimed to raise US$33 million.
Good Energy Group Plc would sell 3.1 million stocks to finance UK solar park developments. Britain's renewable power provider, Good Energy Group Plc, planned to raise GBP3.
