Analyst Andrew Temming of US-based investment firm Renaissance Investment Management said the firm had yet to find a stock on the Philippine Stock Exchange that they'd like to invest on.
Finance/Venture
Top deals of the day - mergers & acquisitions
The following bids, mergers, acquisitions and disposals were reported on Monday. The following bids, mergers, acquisitions and disposals were reported on Monday.
KKR enters agreement to acquire Brickman for USD1.6 billion
The amount that private-equity firm KKR & Co would use to acquire Brickman Group Ltd would come from its ongoing North American fund worth over USD8.3 billion and other financial pools.
Kingdom Holdings shares in Twitter valued at USD900 million
With the IPO of microblogging service Twitter recently concluded, the 3% shareholdings of Kingdom Holding initially worth USD300 million in 2011 is now worth USD900 million.
Private equity firm Hopu makes a comeback after a two-year lull
Private equity firm Hopu Investment Management Co. raised a new fund with USD 1.1 billion under management. Hopy re-entered the investment business after a two-year lull.
Latest News
Limitations on funding had prevented technology startups in Africa to grow, according to a Reuters report.
After moving to block an attempted takeover of Royal KPN NV by Carlos Slim's America Movil, KPN Foundation was considering exiting its ownership stake in the Dutch phone company.
Transocean Ltd announced on Monday its plans to appoint new members of its board of directors in Switzerland, an initial public offering of a Master Limited Partnership, and an equity payout of USD3 dividend.
Seplat Petroleum Development Co said it planned a dual stock listing for the Nigerian oil firm. Nigeria-based oil firm Seplat Petroleum Development Co said it was thinking of listing its shares on two bourses.
The Nikkei said the registration of Third Point LLC ownership in Sony was strategic as hedge fund manager Daniel Loeb intended to pursue management changes and shareholder resolutions in the electronics company.
Nigeria-based Henshaw Capital Partners Founder and Chief Executive Officer Barbara James said Nigeria could build a USD 20 billion private equity industry by 2020.
Dubai would be host to Eman Mansour's latest investment banking endeavor. Veteran Gulf Arab banker Emad Mansour had laid out plans to establish a new investment bank located in the tax free financial zone of Dubai.
With the allowance of Baidu for Bitcoin, China's appetite for the virtual currency grows. Nearly a third of the world's Bitcoin transactions are done in China.
A Wall Street Journal report said big banks were thinking of blocking traders from chat rooms as regulators intensify probes on market manipulation and collusion
