China's Premier Li Keqiang has criticized the move of EU to investigate alleged anticompetitive activities of two Chinese firms in Europe.
Industrials
The Crown Estate and Oxford Properties Enter into Joint Venture
Britain's Crown Estate enters into a joint venture agreement with Canada's Oxford Properties for the redevelopment of the St James district.
Kazakhmys Sells Off MKM
Kazakhmys sells off MKM to an undisclosed buyer. Kazakhmys, the copper mining firm from Kazakhstan, announced last Tuesday that it had sold MKM, its semi-finished copper products business in Germany.
Azul Linhas Planning Share Sale
Azul Linhas Aereas is planning a share sale to raise funds to purchase new planes. Azul Linhas Aereas, the third largest airline of Brazil, is planning to raise 1.
BNDES to Fund Ethiopian Railway Connection to South Sudan
The Brazilian National Bank would be funding the railroad connection between Ethiopia and South Sudan.
Latest News
Kion Group has said it is biding its time with its scheduled IPO. The second largest manufacturer of fork lifts in the world, Kion Group has said it is ready to undertake an initial public offer of shares.
Mando China Holdings Halts IPO trading in the Hong Kong Stock Exchange citing 'adverse market conditions' and 'significant market volatility'.
Prologis and Blackstone purchase warehouse space worth US$960 million. Prologis Inc and Blackstone Group LP have settled to acquire 17 million square feet of distribution centers and warehouses for an estimated US$960 million.
CPG International owners engages banks for its sale at a possible value of around US$1.5 billion. CPG International, the building materials maker, is being prepared by its ownership for a sale.
General Electric Co. is planning to spin off parts of GE Capital through an initial public offering as it pursues its aim to cut the size of the business, Jeffrey Immelt, company's chief executive, said.
Mexican real estate investment trust is set to have a total of 233 properties after it completes its acquisition of a Mexican property portfolio from U.S. Kimco Realty Corp. and its partner American industries for $600 million.
Arabtec is preparing to do a rights issue worth around US$650 million. Arabtec, the contractor based out of Dubai and partly owned by Aabar Investments of Abu Dhabi, is now preparing for a US$650 million rights issue scheduled on June 9.
VL Automotive, a venture between Former General Motors Co. executive Bob Lutz, China's Wanxiang Group and industrialist Gilbert Villarreal, is bidding to acquire Fisker Automotive through a prepackaged bankruptcy deal.
Volksbanken Leasing is to be sold off in compliance with European Commission provisions in its bailout agreement with RZB.
