Finance/Venture

PICC to offer IPO in both Shanghai and Hong Kong bourses. The state controlled insurance firm PICC Property and Casualty Co Ltd announced last Monday that is preparing for a planned right issue of shares in both Shanghai and Hong Kong bourses.

Dar Al Arkan prepares for benchmark sized sukuk issue. Dar Al Arkan Real Estate Development Company of Saudi Arabia is in the midst of preparations to sell a benchmark sized Islamic bond or sukuk.

Cohen receives subpoena to testify before grand jury. Steven A. Cohen, the embattled hedge fund manager, has received a subpoena requiring his testimony before a grand jury on the government's insider trading investigation into his private equity firm, SAC Capital Advisors.

Oakfiled Capital reaches record amount through capital investments. The private equity firm that focuses its investment in small and medium sized businesses in the United Kingdom, Oakfield Capital Partners, related the first close of the United Kingdom Special Situations Fund securing GBP6 million firm in commitments.

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Company earnings, because of ECB actions, is not a true test of viability. Company earnings was once a useful barometer as to a firm's European share price performance as more and more classes break up.

Loeb shares insights on its investment ideas on Japan and his style. Daniel Loeb, the billionaire investor is not one to shy away from a good deal but as of the moment, he has his eyes set on Japan.

UK Pension Funds start trying out leverage funds, often to seek high yields yet are unprepared for the high risks.

Piraeus Bank, in order to meet obligations, has hired four banks to help in its share issues and woes.

BlackRock's success is attributable to its analysts and its attack in getting the shares for its shareholders.

TML Holdings Pte Ltd has extended senior notes with a maturity on 2018. According to Tata Motors Ltd, its subsidiary TML Holding Pte Ltd had extended and budgeted S$350 million or US$280 million of senior notes that has a maturity on 2018.

These are the thoughts of Hiren Ved of Alchemy Capital Management from an interview with Nikunj Dalmia.

Study from Towers Watson shows growth of global pensions. Studies showed that the pension fund assets in the world's largest markets increased by 8.

Milagro Oil and Gas Inc formed from the exchange offer agreement between Milagro and Vanquish. A newly formed corporation would be formed from the transfer of all the assets of Milagro with Vanquish Finance.

Hans Sicat gets third term and promises new investment vehicles for the Philippine bourse in the coming year.