Local buyout funds like MBK Partners and Vogo Fund are now leading the domestic buyout market in South Korea just nearly a decade after its first private equity fund was established in the country, the Financial Times reported.
Finance/Venture
Bond issuance in the Gulf predicted to climb next year - report
Arabian Business said in its report that a rise in bond issuance in the Gulf region is seen next year partly in anticipation of the re-entry of the Abu Dhabi sovereign in the market after an over 5-year hiatus.
Abenomics fuel record returns for Japanese hedge funds
Bloomberg Businessweek reported that Japanese hedge funds posted record returns this year as investors bet that Abenomics will bring the world's third-largest economy back on its feet.
Overstock.com plans to start accepting Bitcoin in six months
Should everything goes as planned, online discount retailer Overstock.com will be the first prominent retailer to accept Bitcoins as payment, The New York Times Bits reported.
Blockchain.info acquires ZeroBlock app using bitcoin
Online bitcoin wallet Blockchain.info bought ZeroBlock, a bitcoin-related mobile app, for an undisclosed amount in an acquisition deal that was conducted entirely in bitcoin, according to a ZeroBlock founder.
Latest News
Lawrence Rakers will be replaced by Ramona Persaud as the manager of Fidelity Dividend Growth Fund and Fidelity Advisor Dividend Growth Fund starting January 1, Bloomberg reported.
China Investment Corporation, an investment fund owned by the Chinese government, is backing a Chinese food company that is considering bidding for Australia's Warrnambool Cheese and Butter Holdings Co, the Business Spectator reported on Friday, without citing any sources or naming the company.
LightSquared is proposing a new bankruptcy exit plan with financing from Fortress Investment Group and other backers, as the U.S. wireless communications company seeks to avoid a sale to highest bidder Dish Network Corp.
Dogecoin, which grew from a satirical meme to Bitcoin to a pseudo-legitimate currency, experienced a big hack today after virtual wallet Dogewallet announced its shutdown of services due to hackers who stole around $12,000 worth of Dogecoins from the site.
Investors seemed to be positive with regard to news from former Brazilian billionaire Eike Batista about Oleo & Gas Participacoes SA's creditors agreeing to convert $5.8 billion worth of company debt into equity stakes.
Mizuho Financial Group Inc will be seeing its chairman, Takashi Tsukamoto, leaving its post after its lending unit received penalties the second time within a three-month period due to loans it extended to crime groups.
South Korean-based private equity firm Hahn & Co will pay $283 million to buy a 76% stake in Hanjin Shipping Co's bulk carrier business, Bloomberg reported.
Islamic banks want to diversify their investments outside of the Middle East and real estate and are seeking to work with Western businesses that comply with the Shariah law.
The Slovenian beer market may turn sour as the government plans a state fire sale of its assets in a bid to steady its finances and avoid a bailout, Reuters reported.
