The current lack of a majority in the Italian government is seen as a precursor to further economic issues in the long run.
Infrastructure
Sanofi Expands Further in Vietnam
Hoping to maximize the wave of increased health care demand in Asia, Sanofi is building a new factory in Vietnam.
Veolia Environment Sells Off Water and Wastewater Business
Veolia's divestment program sells off its water and wastewater concessions to Beijing Enterprises Water Group Ltd.
Are Investors Ready for Southeast Asia?
With infrastructure demand at an all time high, there are still many pitfalls that investors face when putting their money into Southeast Asia.
Petrobras Auctions Nigerian Oil Field Shares
Petrobras is now setting up its plan for the auction of its shares in Nigerian oil fields Brazilian oil firm Petrobras has auctioned its interest in the oil fields in Nigeria that would draw up to $5 billion as the company aims to get cash and embarks on a capital spending plan, sources familiar with the matter told Reuters.
Latest News
Abertis's airports sale mulling offers. Abertis, the infrastructure firm from Spain, is reviewing non-binding offers for its airports business es until the end of March.
SBI receives government funds for capitalization. The State Bank of India confirmed reports that it had received Rs3,004 crore from the government as part of the plan to recapitalize state run financial institutions.
The Philippines is moving from foreign debt dependence to local debt raising through auctions. The Philippines' Bureau of Treasury would boost domestic bond sales to raise nearly all of its debt requirements in the wake of record low interest rates and an increasing value of the peso.
Sunac Greentown venture purchases land in Shanghai's Huangpu District for US$1.45 billion. Greentown China Holdings Ltd and Sunac China Holdings Ltd forged deeper bonds when it purchased a Hong Kong holdings company that has central Shanghai land assets in its portfolio.
Wenzhou Railway Project garners great interest from investors. The railway infrastructure project located at Wenzhou, Zheijang province has attracted investors from all over the world.
Security firm G4S has decided to sell its government business unit in the U.S. as the country struggles from budget cuts.
BP loses bids on Arctic oil exploration. According to sources, British Petroleum, who lost its first deal to drill oil in Arctic Russia to rival ExxonMobil again was beaten out by the same rival when it tried to negotiate a deal with Russian oil giant Rosneft.
Natural gas explorer Ophir Energy Plc of Great Britain is turning into a potential takeover target as it demonstrates to have size bigger than its capability to develop assets on its own.
Japan Petroleum Exploration will be taking 10% stake in the liquefied natural gas project being planned by Malaysia's oil firm Petronas in British Columbia, Canada.
