In a move set to gain further foothold in the Chinese financial services sector, Alipay's parent company purchases asset manager.
Country
CalCEF Clean Energy Angel Fund exits from Allopartis Biotechnologies
CalCEF Clean Energy Angel Fund sold Allopartis Biotechnologies to Novozymes. CaICEF Clean Energy Angel Fund I exited from its portfolio company Alloparties Biotechnologies Inc.
JPMorgan clients, other private equity investors take measures amid possible US default
Clients of private banks and private equity firms had taken steps to ensure themselves just in case the government shutdown would result to a US default.
Carlyle Group obtains approval for South Bank London project development
The Carlyle Group obtained approval from the Southwark Council Strategic Planning Committee for the South Bank development project.
Liberty Media repurchases 5.2% of own stock from Comcast
Liberty Media said it bought back 5.2% of its own stock from Comcast Corp for USD 417 million. Liberty Media Corp bought back 5. 2% of its own shares from Comcast Corp in a cash deal worth USD 417 million.
Latest News
Crestwood Midstream Partners bought Arrow Midstream Holdings for USD 750 million to expand its pipeline business in the North Dakota.
Chief executive Fabrizio Viola of Banca Monte dei Paschi di Siena SpA had told reporters on Thursday that the bank would be increasing its capital via shareholder options.
Cable operator Numericable would be betting on its new fiber technology to attract investors before its planned IPO.
Chief Operating Officer Holger Beeck would be taking over from Bane Knezevic as the chief executive of the German division of McDonald's Corp.
In a meeting with analysts, HP CEO Meg Whitman said she is confident of the firm's direction with an expectation that revenues would stabilize in the long run.
Former Vinik Asset Management colleague opens Kopernik Global Investors through seed capital from former boss Jeffrey Vinik.
The Tourism Development & Investment Co was reportedly talking with various banks for a USD 1 billion loan facility to replace its existing debt, according to bankers interviewed by Bloomberg.
Alibaba Group Holding Ltd would not list on the Hong Kong bourse, nor had plans to list on New York or any other bourse, said Chief Executive Jonathan Lu to Reuters.
After its review under the Global Financial Stability Report study, Italy, Spain and Portugal stand to be financially distressed because of their exposure to possible loan defaults from corporations.
