Industry

Air Asia X Bhd makes a modest debut after the recently concluded US$310 million IPO AirAsia X Bhd made a modest market debut after its recent IPO (initial public offering) raised US$310 million to help the budget carrier expand its strong growth prospects for travel to and from Southeast Asia.

A JPMorgan report made Credicorp a top pick amid continued Peruvian economic growth. According to a JPMorgan Chase & Co. report, Credicorp Ltd. , the Lima-based parent company of Banco de Credito del Peru, may gain up to 32% by the end of this year as the Peru's economy continue to grow.

Tata Motors reported that its investments in Indonesia is aimed to make the country its export hub. Tata Motors Ltd. has made it clear that they will make Indonesia an export hub for their vehicles to the rest of Southeast Asia.

As part of India's ongoing campaign to attract investors, the Oil Minister approved the raising of natural gas prices.

Latest News

To prevent a market collapse, India needs more equity investments according to top analyst Prahbat Awashti.

The continued weakening of the rupee and the Federal Reserve's stimulus policy prompted a massive Indian market exit from investors.

Assocham said that investments have dropped in India in a report released today. Assocham, one of India's associations of chambers of industry and commerce reported today that direct investments in the country are looking at a bleak future.

Gerri Greenham announced that he acquired shares in Solarvest Gerri Greenham announced that they have acquired shares in Solarvest BioEnergy Inc. The transaction was made to a pursuant of a private placement at US$.

OGX in talks to sell its oil license stakes to avoid running out of cash OGX Petroleo & Gas Participacoes (OGXP3) in talks regarding sale of stakes in crude oil block licenses that owned by OGX.

The NSW state government expressed their intent to sell heritage building in Sydney New South Wales state government expressed their intent to sell two of Sydney's most significant heritage buildings as it enters the second round of property sales.

Raytheon announced that they were awarded with the deal to make the new electronic jammer for the US Navy.

Tesla Motors is set to transfer from the NYSE to the NASDAQ while Oracle Corp. does the opposite. The best-performing car manufacturing stock this year, Tesla Motors Inc.

Three bidders in a race to purchase Hulu Hulu attracted three bids worth over US$1 billion from interested companies. The bidders include the partnership of AT&T and Cherin Group.

Nissan has completed its plans to revive the Datsun, whose operations previously ended in the 1970's.