In accordance with the new free trade zones, China planned to simply its legislation to attract foreign strategic and financial investors.
Institutional investors
BSP accredits Eastspring Investments to manage equity fund
The Central Bank of the Philippines accredited Eastspring Investments to handle its equity fund. The Central Bank of the Philippines (Bangko Sentral ng Pilipinas or BSP) tapped Eastspring Investments to manage its provident fund equity fund.
Su-Kam Power set to expand
Su-Kam Power Systems had agreed to expand into other businesses. Su-Kam Power Systems, an energy solutions provider, had sought the approval of its investors namely Reliance Group and Temasek Holding on expanding its solar business unit.
Nine Entertainment Planning IPO
Nine Entertainment's ownership has decided to undertake an IPO. The majority owners of Nine Entertainment of Australia, namely US hedge funds Apollo Global and Oaktree Capital, have appointed several banks to oversee the initial public offering of the company.
Europe better outlook as against the US
Europe's equities have earned better in the past week compared to the US stocks. The mood now for investors is upbeat as it searches for a rebound from the previous week's drubbing on Wall Street and the Dow Jones average.
Latest News
Obama reopened issue on Fannie Mae and Freddie Mac to spur delayed housing policies reforms. US President Barack Obama recently revisited the issue on the need for major reforms on the housing market policies.
A Florida federal judge dismissed the lawsuit against the US Securities and Exchange Commission for its alleged failure to report Allen Stanford's Ponzi scheme to Securities Investor Protection Corp.
BlackBerry could go private to help improve market value. BlackBerry finds itself on the verge of going private, according to analysts in a Reuters report.
Sequoia Capital raises US$1.1 billion of funds from five new ventures in Israel, China and the United States.
Chris Hagstrom was appointed head of prime brokerage for the U.S. by Switzerland's largest bank, UBS.
Bank of America Corp reported about USD1.5 billion were added by investors into funds that purchase leveraged loans in the U.S.
Wells Fargo and Co agrees to buy ING Real Estate Finance debt worth US$1.6 billion. Wells and Fargo Co agreed to purchase the twenty-nine loans incurred by ING Real Estate Finance debt.
Sources told Reuters BaFin gave investors interested in buying BHF-Bank until the end of August to give the information it needs to approve the sale or not.
Swedish family-controlled investment company Nordstjernan agreed to sell its subsidiary KMT Group to American Industrial Partners for USD 147.5 million.
