A Financial Times report said investment banks worldwide are set to reduce employee remuneration for the third year even as profits have increased, highlighting the importance placed on shareholder returns than on the pay of employees.
Finance/Venture
SM Investments acquires 5 BPO buildings in the Philippines
Philippine mall and banking conglomerate SM Investments Corp (SMIC) has purchased five business process outsourcing (BPO) buildings in Bonifacio Global City, Taguig for an undisclosed amount.
College kid raises over USD20,000 via a Bitcoin sign on a televised game by ESPN
A video footage of a college game fan holding a sign that read "Hi Mom send Bitcoin" was caught by ESPN's College Gameday yesterday, with The Verge confirming on its article that the fan raised around USD22,000.
Former Japanese Ministry of Finance official says yen may drop as government pension fund increases foreign holdings
Former Japanese Ministry of Finance official Eisuke Sakakibara said the yen may weaken further as the government pension fund will follow the proposal to invest more of its holdings overseas.
New York's Rohatyn Group completes acquisition of Citi Venture Capital International
New York-based asset management firm The Rohatyn Group announced that it has completed the acquisition of private equity investment firm Citi Venture Capital International (CVCI).
Latest News
EIG Global Energy Partners successfully closed its sixteenth fund with USD 6 billion in capital commitments from 150 limited partners coming from 18 countries. it is the largest fund so far in the firm's history.
NCR Corporation announced that it had agreed to purchase Digital Insight Corporation for $1.65 billion, and that it had completed the acquisition of Alaric Systems Limited, for approximately $84 million.
Wipro Ltd announced today in a statement that it is set to acquire Opus Capital Markets Consultants LLC, a US-based mortgage services provider in order to expand its offerings to its financial services clients.
Unilever attributes its declining sales to the slowdown in emerging markets, and Chief Executive Officer Paul Polman urges countries in these markets to create structured economic policies real soon.
Norwegian bank DNB ASA through its Chief Executive Officer Rune Bjerke rejected predictions on the country's housing market, saying that the claims were unfounded.
Switzerland bank UBS AG launched its EUR1.75 billion or USD2.4 billion bond buyback program, which will be applicable to subordinate and senior unsecured bonds in several European currencies.
U.S. stock index futures were little changed on Monday in the wake of eight straight weeks of gains after mixed data on China and the euro zone and ahead of U.S. economic reports which could provide some clues on the strength of the recovery.
US-based Akamai Technologies on Monday announced that it will acquire the world's largest and most trusted cyber security provider Prolexic Technologies for USD370 million. The deal is expected to close in spring of next year.
Thanks to the decline in deals in Greater China, demand and pay for Southeast Asian investment bankers as deal makers had seen an increase, according Thomson Reuters data.
