Kawasaki Heavy Industries is open for merger option but has not made formal moves despite report from Nikkei newspaper.
Industry
Hostess Brands Will Reopen and Expand Business in Kansas
Iconic Hostess Brands to return to the market after bankruptcy issues were resolved. Hostess Brands LLC disclosed plans to reopen its bakery in Kansas by summer.
Private Equity Firms Setting Up Shop in Colombia and Peru
Major equity firms such as Carlyle, Pantheon and Victoria are setting up shop in Peru and Colombia. Three major private equity firms are opening up offices in the emerging markets of Peru and Colombia to ride the crest of deals that rate higher than the economic growth of Brazil.
MRI Int'l License Revoked
MRI International Inc is now under investigation for false information and misleading clients not only in Japan but in the US as well.
Merchel Halts Sales of Assets
Russia's Merchel Steel has halted the offer for sales of its assets. Russian steel firm Mechel has withdrawn its offer to sell off 25% of its mining division due to tepid market conditions.
Latest News
SDA rates cut by Bangko Sentral ng Pilipinas to limit inflows and increase outflows. For the third time this year, the Philippines has cut rates it pays on special deposit accounts in an effort to curb capital inflows and prevent asset bubbles.
Infosys, the paragon of market guidance, has now experienced the shock of falling share values because of failed earnings expectations.
Despite Nikkei highs, two major companies report losses for the period. The Nikkei index of Japan is now nearing a five year high as the share average jumped higher in the day's trading.
The Silicon Valley Venture Capitalist Confidence Index rose from 2012, indicating improved market opportunities for the year.
Coop Group cancels deal with Lloyds on the sale of the Verde Network. The Lloyd's Banking Group planned the sale of over 600 bank branches of the Cooperative Group, which has fell apart after the Cooperative Group decided not to proceed with the GBP750 million deal.
There has been a solution reached by Romanian and Cypriot authorities for the local unit of the Bank of Cyprus.
Canada's Natural Resources Minister reiterated that only 'strategic' and under 'exceptional circumstances' would state backed enterprises be allowed to takeover in Canada.
Google's 4.4% increase helps S$P meet its averages in a dismal week. Earnings from Google buoyed a stock rise in technology shares last Friday. The gains from this market segment was unable to counteract the worst week in the S&P 500 since November.
Due to the lack of promised reforms, many investors are moving their investments from Russia to other countries.
