Thomas Moore of Standard Life Investments has increased his fund's holdings in UK companies, betting that they will give better payouts in 2014, a Bloomberg report said.
Country
Private equity under fire in Sweden as country reconsiders education model- report
The role of private equity firms in Sweden are now under close scrutiny as the country rethinks its pioneering educational reforms that are emulated worldwide, a Reuters Insight report said.
Australia's Ampella gets USD40.9 takeover bid from Centamin
Gold miner Centamin Plc has announced a USD40.9 million takeover offer for Perth-based mining firm Ampella Mining Ltd, in a deal that values Ampella shares at USD0.16 apiece.
Volcker rule scrutinizes proprietary trading businesses
Major banks on Wall Street are extremely anxious about the threat of the final deliberations of the Volcker rule, of which its provisions regarding the definition and exemption of market-making is set to be deliberated soon.
Lululemon Athletica Founder Chip Wilson steps down as Chairman
Yoga-inspired athletic apparel firm Lululemon Athletica said Founder Chip Wilson will be stepping down as Chairman. He will be replaced by Michael Casey, the Lead Director of the Board.
Latest News
Netherlands-based independent tank storage provider Royal Vopak will invest in an independent import liquefied petroleum gas (LPG) facility in Banyan terminal at Jurong Island, Singapore.
Howard Chen, an analyst from Credit Suisse, will be joining the bank's Investment Banking Department as the Managing Director and Global Head of Financial Technology and Financial Strategies.
Despite the discount of costs to run hedge funds in the Asian-Pacific region, Citigroup Inc's recent survey revealed that not all hedge funds in the region are successes in expanding its assets and achieving profitability.
Sources noted that Nokia Oyj is in danger of finding a new buyer for its mobile handset business if it failed to lift the freeze on its Indian assets to be able to transfer them to Microsoft as part of its acquisition agreement.
China sovereign investor Central Huijin Investment Ltd received approval the Shanghai Office of the People's Bank of China to trade on the interbank bond market, a Bloomberg report said.
UK-based lender Lloyds Banking Group PLC is offloading its remaining 21% stake in the investment firm St. James's Place for GBP95 million after progressively selling its stake down.
The rising commercial property prices in London has prompted institutional investors to team up with commercial property developers in the UK to capitalize on the recovery of the market in UK.
San Francisco-based real estate firm BRE Properties Inc is discussing a USD4.5-billion buyout offer by Essex Property Trust Inc, a deal that could expand the latter's portfolio in California.
Eight US technology firms in the US wrote an open letter to President Barack Obama, calling on government to impose stricter controls on online surveillance.
