The European Union and the United States begun their talks about world's largest trade and investment relationship.
Industry
Alternative investment trusts can now be held in investment savings
Due to a newly created rule, alternative investment market trusts can now be captured in investment savings accounts.
Legal & General gains control over UK real estate
The UK NEST gave Legal and General Investment Management mandate over real estate asset allocation. The United Kingdom's National Employment Savings Trust or NEST deployed a scheme involving a 20% member asset allocation to a real estate fund.
RPT-Olympus reflects share offering of JPY100 billion
Japanese manufacturer is considering 100 billion yen share offering, the first in 32 years. Japanese manufacturer Olympus Corp is reflecting on releasing up to US$991 million (JPY100 billion) of new shares to finance the study of its endoscope business as well as further its medical business into developing nations.
Foreign investments in the Philippines to be laxed
The Philippines NEDA Director said that the administration will be easing its restrictions on foreign investments.
Latest News
Indian investments in the US have surpassed a record of US$11 billion according to a study by the US India Business Council.
International lenders for Greek Aid are close to wrapping up talks International lenders for Greek Aid are close to wrapping up negotiations to unlock Eur8.
A Mervin Davies led investment group is showing interest to bid for part of the stake in Lloyd's Banking Group
ING announced that they are selling their stakes in Chinese joint venture ING-BOB to BNP Paribas Cardif.
Macquaire fund agreed to purchase Theolia The Macquaire fund, owned by Australian bank, Macquaire, agreed to purchase Theolia, a French wind power group.
A Chinese Insurance Company bought the Lloyds' building in London for US$388 Million A leading Chinese insurance company agreed to buy the Lloyd's Building in London.
PAL announced that they are conducting preliminary talks with ANA and Emirates for possible venture San Miguel Corp (SMC) announced that they are conducting preliminary talks with Japan's All Nippon Airways (ANA) regarding a possible partnership for Philippine Airlines (PAL).
Daiwa House Industry aims to raise US$1.4 billion through share issuance Daiwa House Industry, Japan's biggest home builder, aims to raise US$1. 4 billion in share issuance to finance a real estate development push which will help power the property sector.
Audi sees trade talks as chance to cut back on rules set by U.S. regulators Manufacturer of advanced lighting systems, Audi AG, sought the approval of futuristic headlights which will automatically dim for oncoming vehicles, which are set to be sold in the US.
