Sources said that American International Group is close to a deal to make its exit from International Lease Finance Corp. to Netherlands' AerCap Holdings NV. Under the deal, AIG will reportedly receive $3 billion in cash and $2.4 billion in stock.
Finance/Venture
Carrefour agrees on €2 billion purchase of malls from Klepierre
French retailer Carrefour agreed to acquire a total of 27 shopping malls in Europe worth €2 billion or $2.75 billion from Klepierre, a Bloomberg report said.
Bitcoin's $1000 hit came from online sex industry - report
A report noted that speculators who are looking to acquire Bitcoins by selling sex through certain Reddit subsections are rising at an alarming rate.
Australia's Challenger inks deal to buy Bendzulla for $25M
Australia-based investment management firm Challenger Ltd has entered a deal to purchase self-managed superannuation fund (SMSF) services provider Bendzulla Actuarial in a deal valued at $25 million.
Afghanistan woos corporate India amid concerns over US pact
Indian investors at a December 14 speech by Afghan President Hamid Karzai were not convinced that the latter's country is safe enough to carry out their investment plans, according to a Bloomberg report.
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Asia Pacific Stock Exchange (APX), a new bourse that aims to lure Chinese firms, has received final approval from the Australian Securities and Investments Commission to start operating.
A report by Grant Thornton, an American accounting and advisory firm, said that Indian corporations closed as many as 393 private equity deals totaling $9.67 billion in the past 11 months of the year.
Commonwealth Bank of Australia Ltd plans to sell down its 8.6% stake in Kiwi Income Property Trust, which is worth NZ$95.7 million based on its last trading price.
Insurance Australia Group Ltd (IAG) bought the Australian and New Zealand underwriting business of Western Australia's farmers' cooperative Wesfarmers Ltd for $1.845 billion.
The impending sale of Woori Investment & Securities Co may spur consolidation in South Korea's local securities industry. Final bids for the brokerage unit are due today.
Some industry observers believed excess liquidity spurred by central banks' economic monetary policies could result to asset bubbles in niche markets by year 2014.
At a luncheon meeting hosted by Keidanren lobby group and the Japan Chamber of Commerce and Industry, corporate leaders expressed the key importance of the Association of Southeast Asian Nations for the revival of the Japanese economy.
On Saturday, the Chinese State Council said that it has instructed the China Securities Regulatory Commission to life the approval restrictions on small and medium-sized companies with less than 200 shareholders.
A 2013 Billionaire census report by Wealth-X and UBS showed an increase in the number of millionaires in the Middle East, and that amount of wealth hold by Middle Eastern billionaires topped any other region in the world.
