Because of a claim from a Singaporean creditor, share trading of Surabaya Agung was suspended in the Indonesian bourse.
Industry
Japan Joins TPP Pact
The Trans Pacific Partnership Pact has invited Japan to join in the negotiations. Japan has been granted approval from participating countries to form part of the talks on the US initiated Asia Pacific Free Trade Agreement.
Nestle - L'Oreal in Excellent Relationship
Nestle, L'Oreal and the Bettencourts chequered history in business. The present situation of L'Oreal and Nestle relationship "isn't on the agenda for the time being," commented Jean-Paul Agon, CEO of L'Oreal in an interview with Investir, a French weekly magazine, which was published today.
Schauble Urges Investors to be More Involved
Schauble gives his candid thoughts on investor participation, the Cyprus bailout and the European economy as a whole.
Fitch Lowers UK Rating
Fitch lowers UK rating to AA+ from AAA, following the S&P ratings change. In an expected announcement, Fitch Ratings has cut Britain's top credit grade ratings.
Latest News
According to Meriton CEO, there have been offers to purchase part or all of the firm. Meriton Pty, the biggest apartment developer in Australia, has said that Canadian pension funds and investors from both the United Kingdom and China have shown interest in purchasing the company.
Dai Xianglong of the National Social Security Fund recommends state controlled enterprises In a quote of the National Social Security Fund council's party secretary, he is proposing that Chinese state-owned enterprises transfer 30% of their capital gains and ownership shares exceeding 51% to the fund.
ABVCAP is discussing with government regulators on means to expand investment means for venture capital and private equities.
In a surprise move, Dish Network offers US$2.5 billion for a merger with Sprint-Nextel. Dish Network offers US$25. 5 billion to merge with Sprint Nextel.
Private equity firms selling off securities despite government infusion efforts. Many private equity firms have been purchasing government securities that are protected against inflation because of the Federal Reserve's efforts to expand money supply.
Private equity CVC Capital Partners, which owns Formula One, is reportedly eyeing online gambling group Betfair, according to reports.
Creditors of the European arm of Lehman Brothers, which collapsed in 2009, may be repaid in full.
With restrictions on shelved produce, days of operation and zoning regulations, many big box retailers such as Tesco are being squeezed in the South Korean market.
The following bids, mergers, acquisitions and disposals were reported by Sunday The following bids, mergers, acquisitions and disposals were reported by Sunday: - German investor Joh A Benckiser (JAB) is to buy the owner of Douwe Egberts coffee in a 7.
