Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.
Firm Management
UBS AG's unit opens hedge fund to investors
UBS AG’s unit would open its first hedge fund focused on Asia later this year, according to two people who were familiar with the matter.
CFO Andy Halford set to leave Vodafone in 2014
Andy Halford, the Chief Financial Officer of Vodafone, would be leaving the firm by March next year.
Tesco says any deal in China will go through new retail venture
Tesco Plc said that any deals that would take place in China would be funded through its new retail venture with China Resources Enterprise Ltd.
Two PE funds claim serious irregularities in the operations of Fourcee Infrastructure Equipment
In documentation filed with the Company Law Board, two PE funds seek the appointment of an administrator to oversee the forensic audit for the company.
Latest News
UniCredit submitted a preliminary offer to purchase Poland's Bank BGZ, said a Reuters report. UniCredit is the biggest bank by assets in Italy. The financial lender had submitted a preliminary offer to acquire Poland's Bank BGZ, according to a Reuters report.
A crash in Kent, WA resulting in a fire had caused a slight decline in share values for Tesla. Share values of Tesla declined at the close of trading today due to the report from the electric car manufacturer of a fire in one of its vehicles due to a crash.
Qatar, according to the latest Global Financial Center Index or GFCI 14 from the Z/Yen Group, is the top financial center in the Middle East.
After its announcement of its closure of banking operations, Barclays Plc had begun freezing its customers accounts.
An internal memo news agency Reuters had obtained revealed that Bank of America Merrill Lynch had reassigned its co-heads of its Asia Pacific investment banking business.
Russian payment transfer company QIWI announced floating an additional 8.2 million shares following 12.5 American depository shares it had floated earlier this year.
Redpoint Ventures announced on Tuesday that it had hired former Twitter Inc executive Ryan Sarver as a partner in the venture capital firm, according to a company press release.
Cargill Inc. and Archer Daniels Midland Co. were in final stages of discussion to close an acquisition deal that could be worth as much as USD2 billion, according to sources.
Merck & Co. decided to cut its annual spending by USD2.5 billion and eliminate more than 10% of its global workers.
