Finance/Venture
Thomas Cook sells foreign exchange unit
England-based Thomas Cook's chief executive Harriet Green announced the sale of its foreign exchange unit to Moneycorp, a rival backed by the Royal Bank of Scotland.
Carlyle eyes bolt-on acquisitions in Malaysia
Washington-based private equity firm Carlyle Group LP expressed its interest on bolt-on acquisitions in Malaysia, citing its very good experience with the acquisition of Davex Holdings Bhd last year.
Sources say National Bank of Greece close to selling majority stake of Pangaia to Invel Real Estate
The National Bank of Greece is close to finalizing an agreement to sell its fully-owned real estate business Pangaia to private equity firm Invel Real Estate.
Venture capitalists invest in new media despite risks- report
Venture capitalist have continued to pour money in new media firms despite the potential hazards in the hope that the startups will be able to lure advertising money, according to a Reuters report.