Due to a newly created rule, alternative investment market trusts can now be captured in investment savings accounts.
Industry
LVMH Buys Majority Stake of Italy’s Premiere Cashmere Maker
LVMH takes over majority of Loro Piana for US $2.57 billion LVMH Moet Hennessy Louis Vuitton agreed to buy 80% of Loro Piana SpA, one of the premier textile producers in Italy, for US $2.
Singer hopes to raise $200M from IPO: Reports
The company, more popularly known for its sewing machines, aims to rake in as much as US$200M from IPO.
Osram Licht AG disappoints in stock market debut
Osram Licht AG's shares dropped by 2.4% and settles at Eur 23.65 on Monday Osram Licht AG, a German lighting and specialty lighting manufacturer second only to Philips, saw a drop in its shares by 2.
We need $300B to power Africa - IEA
In a conference held today, the IEA said that they need US$300 billion to finance the Power Africa project.
Latest News
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.
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.
The Philippines NEDA Director said that the administration will be easing its restrictions on foreign investments.
Investors from France are cutting back on investments due to fears of high interest and foreign competition.
Oil prices and dividend yields causes rise in Russia stocks, says Citigroup analyst. Russian stocks were driven by dividend yields and oil prices, according to analysts in Citigroup.
The European Union and the United States begun their talks about world's largest trade and investment relationship.
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
