Billionaire Wang Jing of HKND Group said he has found global investors to fund the Nicaragua Canal construction.
Industry
HSBC and Citigroup obtain mutual fund distribution licenses
The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup. (Photo : REUTERS)Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.
First Omani Sukuk to be closed soon
Tilal Development Co would be issuing a sukuk whose proceeds would be used to pay off debts and expand the Muscat Grand Mall.
Mass exits prompt ICICI picks as rupee plummets
India's ICICI said that it is picking exporter stocks amidst foreign fund exits. (Photo : Reuters)Securities and Exchange Board of India chief U. K.
Shareholders at Sprint Agrees to SoftBank Deal
Japan's SoftBank Corp finally got Sprint's shareholders vote after it sweetened its bid to US$21.6 billion from the previous US$20.1 billion.
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Cerberus planned to increase its stake in Seibu Holdings Inc. by recommending people to the company's board however shareholders rejected said plan.
State run oil and gas companies, ONGC and Oil India announced to pay US$2.5 billion for Mozambique field stake from Videovon Industries Ltd.
Carrefour, the second largest retailer in Europe planned a sale on its China and Taiwan businesses. (Photo : Reuters)The image shows grocery carts from Carrefour.
Hospital chain Tenet Healthcare Corp said on Monday that it will purchase its smaller rival Vanguard Health Systems Inc.
Meiji Yasuda Life Insurance of Japan is in the process of acquiring Thai Life Insurance Co at a deal priced at around US$700 million.
Demand Media, a content media owner acquired Society6 for US$94 million to be able to diversify its business into e-commerce.
The Intercontinental Exchange (ICE) was given unconditional approval to acquire NYSE Euronext for US$8.2 billion.
According to sources, Google voluntarily complied with the initial inquiry of the Federal Trade Commission on its Waze acquisition earlier this month although it has not yet reached a level of investigation
Flagstar Bancorp Inc had agreed to pay $105 million to Assured Guaranty Ltd as settlement to a lawsuit against the bank for misrepresenting loan quality contained in $900 million of mortgage-backed securities.
