CIC VP was quoted as saying that CIC's overseas investment portfolio grew in 2012. (Photo : Reuters)The image is CIC Chairman Lou Jiwei. China Investment Corp, the sovereign wealth fund of China, has reportedly said that it had increased its overseas investment returns by 11% in 2012 after reporting a loss back in 2011.
Industry
Marubeni Leaves Energy Arm In Gavilon’s Deal
Japan’s Marubeni said that it will leave Gavilon’s energy arm from the proposed takeover deal. (Photo : REUTERS)Logo of Marubeni Corp is seen at the company's head office in Tokyo Marubeni Corp, a Japanese trading house states that it will cut its planned takeover deal over Gavilon's energy business.
Legal Issues To Confront Smithfield-Shuanghui Deal in Midwest States
The deal between Smithfield Foods and Shuanghui International may face legal challenges as Midwest states prohibits foreign ownership over agricultural lands.
Severn Trent Rejects Increased US$8.2 Billion Takeover Bid
Severn Trent rejected the raised bid from LongRiver consortium. (Photo : Reuters)The image is the corporate logo of Severn Trent Services. Severn Trent, a British water firm rejected the increased US$8.
Court rules against Bloomberg on Futures Margins
A US Court dismisses the complaint of Bloomberg filed against the Commodity Futures Trading Commission.
Latest News
US Bankruptcy Court Judge, Christopher Sontchi granted planned acquisition deal without legal challenge between Micron Technologies Inc. and Elpida Memory Inc.
Marubeni Corp. is in advanced discussions to takeover Gavilon's energy division at US$5.6 billion.
Deutsche Bank has arranged a US$200 million credit line for Apollo Global Management LLC as a means to purchase single family rental homes in the US.
Twilio Inc. raised US$70 million from venture capitalists where funding was headed by Redpoint Ventures.
The Ontario Teachers Pension Plan will vote for the Sprint-SoftBank deal as it is the fifteenth biggest shareholder in Sprint Nextel Corp.
Royalty Pharma raised its hostile bid for Irish drug firm, Elan from US$12.50 to US$13. (Photo : Reuters)The image is the corporate logo of Royalty Pharma, the healthcare focused equity fund.
SoftBank is in talks with Deutsche Telekom in possibly acquiring T-Mobile USA after Dish Network Corp. made counter offer for Sprint Nextel.
China's regulatory watchdog has unveiled new IPO rules. Last Friday, the Chinese government had published new draft rules designed to improve the transparency and pricing structure of initial public offers in its domestic stock markets.
Credit Suisse is shunning low yield, high number moderately rich segment for high yield, low number ultra rich market segment.
